by Harmer | Jun 14, 2022 | Interest Rates, Investing
A hot topic right now is the recent changes to both the Variable and Fixed interest rates. These changes effect: Mortgages, Credit Cards, and any Variable Loans. If you are nervous about these changes, you certainly aren’t alone. Media Headlines and water cooler...
by Harmer | Jun 15, 2020 | Financial, Investing, Mortgages
With mortgage rates hitting historical lows we are fielding a lot of questions surrounding the advertised 1.99% 5-year fixed mortgage. While there are many excellent mortgage rates in the market, some of these rates come with requirements that may not fit your...
by Harmer | May 30, 2020 | Financial, Investing
While it is impossible to determine the exact moment when the market has bottomed out, we can begin to review high quality, oversold, and high value investments. One of the investment options that yield minded investors have brought into focus is dividend investing....
by Harmer | May 25, 2020 | Covid-19, Financial
The prime minister unveiled a new benefit to streamline aid for Canadians who have lost their jobs due to COVID-19. The Canada Emergency Response Benefit, the aid will replace the two announced last week as part of a $82-billion funding package. Prime Minister Justin...
by Harmer | May 19, 2020 | Financial, Mortgages
In a response to the COVID-19 pandemic, the big banks are easing up on customers whose lives, and as a result income has been disrupted. Bank of Montreal, Bank of Nova Scotia, CIBC, National Bank, Royal, and TD have all issued financial assistance relief programs. For...
by Harmer | May 16, 2020 | Financial, Investing, Mortgages
Q.What do I need to consider when my mortgage is up for renewal? Home Equity Line of Credit (HELOC) is a type of mortgage that is secured against your home. As you pay off your mortgage and build up equity in your home, a HELOC allows you to gain access to your home...
by Harmer | May 16, 2020 | Debt, Financial, Mortgages
Q.What is a HELOC (Home Equity Line of Credit)? Home Equity Line of Credit (HELOC) is a type of mortgage that is secured against your home. As you pay off your mortgage and build up equity in your home, a HELOC allows you to gain access to your home equity to use the...
by Harmer | May 16, 2020 | Financial, Investing, Mortgages
Updated: Apr 19, 2021 Q.How do I know what I can afford? When Shopping for a home it’s important to determine the maximum mortgage and home price you can qualify for. To determine your maximum affordability, lenders take several factors into account,...
by Harmer | May 15, 2020 | Investing, Mortgages
1. What’s the best rate I can get? Your credit score plays a big part in the interest rate for which you will qualify, as the riskier you appear as a borrower, the higher your rate will be. Rate is definitely not the most important aspect of a mortgage, however, as...
by Harmer | Mar 1, 2020 | Financial, Investing
At this point the majority of us are aware of the effects Coronavirus has had on the global economy. Throughout the past week we have seen that fear and anxiety spill into the global markets. With “social-media driven news, the interconnectedness of global supply...
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