RCMP Musical Ride - Kids for Cancer Charity Event

So this was the 2ed event of the summer for "Your Mortgage Guides"!

The RCMP Ride was amazing to watch! It was held at Amberlea Meadows, which is just outside of the SW of Edmonton. The turn out was amazing to support the Kids with Cancer, of which Amberlea Meadows is a huge supporter.

I have to take a moment to say, that Amberlea Meadows holds a place in my heart as I spend a lot of my childhood there. It is a wonderfully beautiful place and the owners have huge hearts - and it shows in the grounds, animals and all that they do.

For this event we set up a table and gear.... and started to answer any and all mortgage questions for everyone there. Truthfully spent a lot of time speaking to the RCMP officers which was pretty neat and watching them move their horses in the actual "ride" was astonishing! The place was standing room only!

We added our pennies together, along with help from TMG (St. Albert Office) and donated a total of $375.00, towards The Kids with Cancer Foundation.

We even had a little photo bomber ... but she was cute, so it was totally ok!

Divorce, Separation & Mortgages in Canada: What Happens to the House?

Separation and divorce can feel overwhelming. Questions start piling up fast: Who keeps the house? Can I qualify for the mortgage on my own? How does a spousal buyout work? What happens to our joint debt? Can child support or spousal support count as income? What if I’m the one paying support? What if I don’t currently have a job? What if we don’t have 20% equity in the home? When emotions are high, housing uncertainty can become one of the most stressful parts of the process. The good news? There are mortgage solutions available in Canada specifically designed for separation and divorce situations — and most people do not even know they exist. As a licensed mortgage broker, this is something I help clients through every single week. The mortgage side of separation does not have to be the hardest part. The Biggest Question: “Can I Keep the House?” In many cases, yes — it may be possible. Canada’s mortgage insurers, including Canada Guaranty , CMHC , and Sagen , offe...

New and Improved Website Coming Soon... and some updates! :)

I am so happy to announce that I will be having a new website I am designing! What a learning curve I can tell you - I had someone plug in the theme to use and help with some charts and pictures but I am happy to say I have been the one to put it mostly together! I think however I will stick to Mortgage Building vs Web Building! lol, I am way better at the former than the latter that is true. Speaking of mortgages, as you already know the Bank of Canada has already left the overnight rate as is... so what does that mean for you? The lenders are still offering stable rates with nothing really going up to high or down to low... rates have been pretty consistant. The thing that has not remained steady are mortgage products. Most lenders have now all followed suit in regards to using a 3% payment caculation on all unsecured lines of credit and credit cards vs using the provable payment. This makes things I find tight for First Time Buyers when looking at what they qualify for. For exampl...

Are You Paired With the RIGHT Mortgage Product & Rate? Did you even think to ask?

That seems to be a question that not a lot of people ask. "Am I in the right mortgage product & rate?" Everyone is so caught up in getting the lowest rate possible, that it is a race to the bottom instead of stopping and looking at the full picture. According to a survey done by CIBC and posted with The Toronto Star , Canadians do not think they will mortgage free till 57! Now is this due to people getting mortgages later in life; due to purchase price and down payments?? ... yes I believe partially this is the case. However I think the bigger problem is no long term thinking is being done. With the boom in 2007, it was the big push to "refinance your life" into your mortgage; so cars, boats, quads, credit cards, etc all build into your mortgage to give you a lower over all payment.... but does this help reduce mortgage debt? There were also those 40 year amortizations and mortgaging over 100% of your homes value. None of these things help anyone to pay o...

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