It is rare for the Bank of Canada and the US Federal Reserve to announce rate decisions on the same day, but today’s announcements highlight the stark differences in policy in the two countries. The Bank this morning announced they would maintain their target for the overnight rate at 1.75% for the eighth straight meeting. […]

Get Your Free Credit Report From Borrowell Today’s blog is all about your credit. Your credit score can be very confusing. There are different credit reporting agencies, banks and credit unions can report to either or both, and your score never seems to be consistant. Free credit scores, such as the link above are a […]

Appraisals are extremely important and are heavily relied upon by lenders. Getting the optimal value on your appraisal depends upon many things. Today’s blog offers some helpful tips to potentially increase the appraised value. Enjoy today’s BLOG! NEED AN APPRAISAL – 7½ TIPS FOR SUCCESS Do you need to get a current value of your […]

Well I think it’s fair to say that most Manitobans are done with elections. We would like to thank all of the candidates who ran provincially and federally this year and congratulate all those elected. As an industry, Mortgage Professionals are always advocating for better mortgage lending policy and regulations. Our very own Angela Calla […]

I’m always going on about 2nd opinions. Renewals are the most important time for a 2nd opinion. MORTGAGE RENEWALS WITH THE SAME LENDER ARE ON THE RISE, BUT SHOULD YOU JUST SIGN ON THE DOTTED LINE? If you’re in a mortgage that’s coming up for renewal in the coming months and you’re considering just staying […]

CLIENT SUCCESS STORY: CHIP REVERSE MORTGAGES A retired couple on fixed pensions found themselves struggling to make ends meet each month. Both were in good health and wanted to maintain an active lifestyle. They had spent their working years paying off their mortgage and had little saved in their RRSPs. Now both in their 70s, […]

More and more Canadians do not have a defined benefits pension plan. Companies are moving away from this model due to the expense of maintaining enough in the fund to pay out until the employee and survivors die. Those who are self employed also do not have pensions beside the Canadian Pension Plan. What can […]

AUGUST DATA CONFIRM THAT HOUSING HAS TURNED THE CORNER Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales rose for the sixth consecutive month. Transactions are now running almost 17% above the six-year low reached in February 2019, but remain about 10% below highs reached in 2016 and 2017. […]

Reverse Mortgages can be an excellent tool for Canadians who are 55+. This tool needs special consideration and planning to make sure it is right for the borrower. They aren’t for everyone, however, which some planning and expert DLC advice they work well for many of our clients. Enjoy today’s blog… REVERSE MORTGAGES IN CANADA […]

Buying your first home is so overwhelming. To be honest, we just bought our 4th home and it was equally overwhelming. The most important thing is to stay calm and approach the buying process with a level head and from a place of reason and common sense. Enjoy today’s blog… 5 MISTAKES FIRST TIME HOME […]