12 Jul

Financial Advice that Never Gets Old.

General

Posted by: Peter Paley

Financial Advice that Never Gets Old. It’s difficult to find timeless advice in the ever-changing world of personal finance but these five are about as close as you can get. 1. Start small and start early with investing Only around 5% of Canadians under 25 have a TFSA, which means 95% have already missed out […]

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23 Jun

Transform your vacation rental into a welcoming oasis, on a budget.

General

Posted by: Peter Paley

Transform your vacation rental into a welcoming oasis, on a budget. Are you dreaming of buying a vacation rental property, have just bought one, or are strongly considering it? If so, your mind is probably abuzz with design ideas and thoughtful touches you could add to the home. In order to make a rental property […]

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3 Jun

When Was Your Last Credit Check-Up?

General

Posted by: Peter Paley

I can’t even begin to explain how many peoples credit reports are messed up.  Correcting the errors can be time consuming and frustrating.   At Mainstream Mortgages, we alway ensure that our client’s credit bureaus are reporting correctly and if there are any errors we have then corrected at EQUIFAX using their investigation form.  The best […]

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25 May

9 REASONS PEOPLE BREAK THEIR MORTGAGE

General

Posted by: Peter Paley

PENALTIES, PENALTIES, PENALTIES!!!  The terms of your mortgage matter.   You may have received the best rate, but you may have to pay $1000s to break your mortgage or be forced to wait until the end of the term or sell your property to break the mortgage.    The mortgage application process should be collaborative and […]

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18 May

CHANGING YOUR FINANCIAL DIRECTION

General

Posted by: Peter Paley

Did You Know? The average Canadian owes $23,000 in consumer debt and has at least 2 credit cards. Source: CBC.ca If you live paycheque to paycheque, the idea of somehow having enough money to invest and eventually having financial freedom seems about the furthest thing possible. But experts in financial education like to point out, that […]

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31 Mar

UNDERSTANDING YOUR MORTGAGE RATE

General

Posted by: Peter Paley

Understanding Your Mortgage Rate. When it comes to mortgages, one of the most important influencers is interest rate but do you know how this rate is determined? It might surprise you to find out that there are 10 major factors that affect the interest you will pay on your home loan! Knowing these factors will […]

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12 Mar

Investment Properties

General

Posted by: Peter Paley

Investment Properties. So, you are looking to purchase a second property! Congratulations! This is a great opportunity for you to expand your financial portfolio and ensure stability for the future. However, before you launch into this purchase there are a few things you should know, depending on which type of second property you are looking […]

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9 Mar

WINNIPEG REGIONAL REAL ESTATE BOARD FEBRUARY MLS® SALES SURGE 48% OVER 2020

General

Posted by: Peter Paley

As inventory in Winnipeg continues to be scarce and/or gobbled up by the voracious appetite of homebuyers and private & corporate investors has been dramatically increasing sales & price.  With no supply relief on the horizon due to arguably terrible government and CMHC policy for over a decade and historically low interest rates, 2022 should […]

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3 Mar

WHEN THE FUTURE BECOMES THE PRESENT.

General

Posted by: Peter Paley

When the Future Becomes the Present. Thinking about retirement before it happens is just common sense. But what questions should you be asking yourself? While seeking the advice of a professional like a retirement advisor can be helpful, there are a few questions to start thinking about as you begin to plan. Deciding early what […]

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