Before you buy, here’s how to compare home insurance + MORE Aug 6th

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News

Is Canada’s mortgage stress test still relevant? Aug 24th

Earlier this month, the Bank of England scrapped its mortgage affordability stress test. With mortgage rates presumably approaching their peak for this rate-hike cycle, some are wondering if changes to Canada's stress test are overdue. .... More »
 loan

I need to lower my monthly mortgage payments. Is extending my amortization period a good idea? Nov 16th

An extra five years might not seem like much, but the difference can be startling, says one expert..... More »
 Canada mortgage

Unleashing the power of LinkedIn: essential strategies and hidden gems for mortgage professionals + MORE Jun 27th

In today's digital age, LinkedIn has become a powerful tool for professionals across industries to connect, network, and showcase their expertise..... More »

Tools to calculate your mortgage payments and costs in Canada Nov 1st

Owning real estate is a goal for many Canadians, and while it can be a rewarding investment, it comes with financial responsibilities that you must carefully manage. First and foremost, you need to be able to calculate your mortgage payments, down payment, penalty fees and other costs. Onli.... More »

How mortgage brokers can unlock the power of personal video messages + MORE Apr 1st

It's important to find ways to connect with potential clients and build trust. By recording a video that is tailored to an individual prospect, you can set yourself apart from others and create a memorable experience..... More »

Mortgage rate pricing: Canada vs. the U.S.

– canadianmortgagetrends.com

Sometimes you just don’t know how good or bad you have it. Take the mortgage business, for example.

Continue Reading On canadianmortgagetrends.com »

Home insurance is important, but no one loves paying for it. That’s why people like to open their browsers and search for “cheap home insurance” and “how to save on home insurance.” 

Any insurance professional will tell you that there’s no easy answer for cheap and full coverage, as it’s really about finding the best plan for your needs. But it can be done. You have to do your homework. Shop around. Compare quotes. Luckily, there are a few hard and fast rules to keep in mind when comparing home insurance quotes. 

How to compare types of home insurance policies

While you don’t need home insurance by law, as you do with car insurance, your mortgage lender or landlord will often require it. Home insurance experts will tell you that the key to getting the best plan in terms of cost and coverage is to shop around and compare policy offerings from company to company. In your search, these are the main kinds of coverage you’ll come across:

Comprehensive: This is the most inclusive type of policy, covering sudden and accidental occurrences involving buildings and personal property, as well as liability…

Continue Reading On moneysense.ca »

Are you a first-time home buyer looking to buy in Alberta? We break down what you need to know about buying property in the sunshine province, including important information on mortgage rules, programs for first-time home buyers and trends in the local real estate market right now.

Mortgage rules and rates: What to know about buying real estate in Alberta

The mortgage rules in Alberta are the same as they are in other parts of the country. Why’s that? Canadian mortgage rules are based on the lender you deal with—not where in Canada you buy your home. 

Federally regulated financial institutions, including banks and federal credit unions, must follow rules set by Canada’s banking regulator, Office of the Superintendent of Financial Institutions (OFSI). A first-time home buyer in Alberta obtaining a mortgage from one of these institutions will face the same down payment, mortgage qualification and mortgage stress test rules as any other Canadian buyer using the same kind of lender…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!