Category Archives for "Blog"

Selling Your Property? Let’s Talk

If you’ve been thinking about selling your existing property, for whatever reason, it would be in your best interest to connect with an independent mortgage professional before calling your real estate agent or listing it yourself. And while talking with your mortgage professional might not sound like the most logical place to start, here are […]

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  • November 30, 2022
  • Blog

RRSP As A Downpayment

Did you know there’s a program that allows you to use your RRSP to help come up with your downpayment to buy a home? It’s called the Home Buyer’s Plan (or HBP for short), and it’s made possible by the government of Canada. While the program is pretty straightforward, there are a few things you […]

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  • November 23, 2022
  • Blog

Is There A Difference Between A Deposit And Downpayment

If you’re new to the home buying process, it’s easy to get confused by some of the terms used. The purpose of this article is to clear up any confusion between the deposit and downpayment. What is a deposit? The deposit is the money included with a purchase contract as a sign of good faith […]

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  • November 16, 2022
  • Blog

Finance Your Home Renovations

If you’re looking to do some home renovations but don’t have all the cash up front to pay for materials and contractors, here are a few ways to use mortgage financing to bring everything together. Existing Home Owners – Mortgage Refinance Probably the most straightforward solution, if you’re an existing homeowner, would be to access […]

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  • November 9, 2022
  • Blog

4 Signs You’re Ready for Homeownership

Buying your first home is a big deal. And while you may feel like you’re ready to take that step, here are 4 things that will prove it out. 1. You have at least 5% available for a downpayment. To buy your first home, you need to come up with at least 5% for a […]

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  • November 2, 2022
  • Blog

Bank of Canada Rate Announcement Oct 26th, 2022

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening. FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario October 26, 2022 The Bank of Canada today increased its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is also continuing […]

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What Banks Won’t Tell You About Mortgage Financing

If you’re looking to buy a property or have a mortgage up for renewal, and you’re thinking about connecting with your bank directly, save yourself a lot of money and regret by reading this article first.  Here are four things that your bank won’t tell you, accompanied by four reasons that explain why working with […]

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  • October 19, 2022
  • Blog

Standard or Collateral Charge Mortgage. What’s best for you?

When arranging mortgage financing, your mortgage lender will register your mortgage in one of two ways. Either with a standard charge mortgage or a collateral charge mortgage. Let’s look at the differences between the two. Standard charge mortgage This is your good old-fashioned mortgage. A standard charge mortgage is the mortgage you most likely think […]

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  • October 12, 2022
  • Blog

How To Avoid An Accidental Home Purchase

Buying a property might actually be easier than you think. So, if you have NO desire AT ALL to qualify for a mortgage, here are some great steps you can take to ensure you don’t accidentally buy a property. Fair warning, this article might get a little cheeky. Quit your job. First things first, ditch […]

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  • October 5, 2022
  • Blog

3 Benefits Of Hiring A Kelowna Mortgage Broker

3 Benefits of Hiring a Kelowna Mortgage Broker

3 Benefits Of Hiring A Kelowna Mortgage Broker A mortgage broker acting as an intermediary between you and potential lenders can make your home-buying process easier. The broker can help you find a lender best suited for your financial situation and requirements. Lazare Mortgage Group is an exceptional brokerage firm that can make your home-buying […]

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