14 May

COMPARING MORTGAGES SIDE X SIDE – My Mortgage Toolbox

General

Posted by: Peter Paley

THE MAINSTREAM MORTGAGE APP – MY MORTGAGE TOOLBOX – Mortgage Comparison Tool We have the best mortgage app in the country.   Our clients and REALTOR partners love it.  However, some of you are asking for some tutorials to help with some of its features. The Compare Side By Side Tool Is a very powerful to […]

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30 Apr

GETTING PRE-QUALIFIED ON THE MAINSTREAM MORTGAGE APP

General

Posted by: Peter Paley

THE MAINSTREAM MORTGAGE APP – MY MORTGAGE TOOLBOX – MORTGAGE PRE-QUALIFICATION TUTORIAL. We have the best mortgage app in the country.   Our clients and REALTOR partners love it.  However, some of you are asking for some tutorials to help with some of its features. You asked and we delivered. Today’s video tutorial is how to […]

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14 Apr

Mortgage Advice – Covid – 19

General

Posted by: Peter Paley

As the world pandemic continues, Canada and especially Manitoba are leading in flattening the curve.  However, the slowing of the economy has been felt in the number of businesses closed and people filing for employment insurance. This is leaving many mortgage holders and first time homebuyers in the lurch.  Should they defer payments, refinance, sell […]

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6 Apr

WHY ARE MORTGAGE RATES RISING?

General

Posted by: Peter Paley

Why Are Mortgage Rates Rising? Over the past month, the Bank of Canada has lowered its overnight rate by a whopping 1.5 percentage points to a mere 0.25%. Many people expected mortgage rates to fall equivalently. The banks have reduced prime rates by the full 150 basis points (bps). But, since the second Bank of […]

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6 Apr

WHAT TO DO IN TODAY’S MORTGAGE MARKET

General

Posted by: Peter Paley

What To Do In Today’s Mortgage Market For the past few weeks we have been trying to give tips and advice to navigate the global pandemic. The most important thing is safety. Please stay home, please wash your hands, please wear a mask when going out of your house. Designate one grocery shopper. Call the […]

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29 Mar

MANULIFE ONE THE ULTIMATE MORTGAGE PRODUCT

General

Posted by: Peter Paley

All-in-one mortgages are an amazing tools for people who like to pay their mortgage down fast and save tens of $1,000s of dollars in interest. Manulife One lets you consolidate your debts to reduce your borrowing costs. Your Manulife One account allows you to consolidate all of your debts (loans, credit cards, etc. – up […]

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22 Mar

COVID-19 UPDATE

General

Posted by: Peter Paley

  COVID-19 UPDATE: While we are all in disbelief, the world must go on.  Last week we fielded over 200 inquiries regarding mortgage options and deferred payments.  As usual,  everyone has jumped the gun. The government, the banks, our lenders have all announced up to 6 month mortgage deferrals.   How does one qualify?  How many […]

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15 Mar

Virtual Mortgage Appointments/Covid-19/Refinancing & Deferred Payments

General

Posted by: Peter Paley

Wow! What a couple of weeks. As covid-19 continues to spread throughout the world and the markets and economy are facing impending turmoil everyone is left wondering what’s going to happen and what is the best thing to do? Unfortunately, we don’t have all of the answers. However, in an attempt to do our very […]

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8 Mar

INTEREST RATES – 101

General

Posted by: Peter Paley

Getting the best interest rate is the most important aspect of getting a mortgage, right? If you answered YES, this article was written just for you. The rate is very important and this article is going to illustrate the math and savings one can achieve with using a mortgage professional. Before we get into the […]

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4 Mar

INTEREST RATES NOSEDIVE AS BANK OF CANADA CUTS RATES 50 BPS

General

Posted by: Peter Paley

The Bank of Canada Brings Out The Big Guns Following yesterday’s surprise emergency 50 basis point (bp) rate cut by the Fed, the Bank of Canada followed suit today and signalled it is poised to do more if necessary. The BoC lowered its target for the overnight rate by 50 bps to 1.25%, suggesting that […]

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