by Frances Hinojosa | Feb 28, 2018 | Blog
Mortgages are a funny thing. On the one hand they allow you to become a home owner without saving up enough money to purchase the home outright, which is a really good thing. On the other hand, even at today’s really low interest rates, as they are amortized...
by Frances Hinojosa | Feb 21, 2018 | Blog, Mortgage
A home is the largest purchase most people will make in their lives. That should reinforce the importance of planning ahead, doing your research, relying on the advice of experts and not rushing through the process. With nearly 700,000 homes purchased in Canada each...
by Frances Hinojosa | Feb 14, 2018 | Blog, Homeownership
One of the benefits of working with an independent mortgage professional is choice when it comes to mortgage product. When you work with a single bank or financial institution, you are limited to the products they offer. When you deal with a mortgage broker, you gain...
by Frances Hinojosa | Feb 7, 2018 | Blog, Mortgage
The simple answer to this question is no. In order to secure mortgage financing in Canada you have to come up with at least a 5% downpayment. Now, if you haven’t set aside the 5% for a downpayment in your savings account, that is okay. There are still a few ways...
by Frances Hinojosa | Jan 31, 2018 | Blog
Recently the good people over at Nest Wealth published an article called “The Worst Money Advice We’ve Ever Heard”. On the list was “Always keep a small balance on your credit card”. What they have to say on the subject is spot on:...
by Frances Hinojosa | Jan 24, 2018 | Blog, Homeownership
A lot of people get into hot water when they assume that because they’ve qualified for a mortgage in the past, they will qualify for a mortgage in the future. This article has one point to make and it’s this: Don’t assume anything when dealing with...
by Frances Hinojosa | Jan 17, 2018 | Announcements, Blog, Mortgage
The Bank of Canada today increased its target for the overnight rate to 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent. Recent data have been strong, inflation is close to target, and the economy is operating roughly...
by Frances Hinojosa | Jan 10, 2018 | Blog, Finance, Guest Post
Thinking about buying your first home? The race to home ownership is more like a marathon than a sprint: diligent planning, pacing and strategy are the keys to success. Are you ready to approach the starting line? Here are five ways to shape up and boost your...
by Frances Hinojosa | Jan 3, 2018 | Blog, Mortgage
2017 is in the rear view mirror and the road to 2018 is directly in front of us! As starting a new year is a great time to gain some perspective, let’s reflect on some of the changes brought about this last year in the Canadian housing and mortgage market, and...
by Frances Hinojosa | Dec 21, 2017 | Blog
I’m going to be taking a short blog holiday over the Christmas season and will resume publishing new content in January of 2018. If you need to reach me for any reason, please don’t hesitate to contact me anytime! Hope you have an incredible remainder of...
