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The Pros and Cons of using a Mortgage Broker

Mortgage shopping can be daunting. That’s why you should consider trying a mortgage broker. Toronto Star :Ryan Starr Staff Reporter., Published on Tue Apr 30 2013 that Christina Cleveland was feeling overwhelmed by the process of buying her first home. “There’s so much to think about: the cost of the home, what can you afford, […]

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The five ‘C’s

GoldenGirlFinance.com Lenders are in business to make money…not lose it. Consequently, when a lender approves a mortgage application, it wants to ensure that it will be paid back within the terms of the mortgage contract. To assess your application, most lenders look at the 5 ‘C’s of credit… 1) Character Character is the general impression […]

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Bank of Canada Governor

Bank of Canada Governor Mark Carney is looking for more substantial economic growth before hiking his the Overnight rate; but he is also factoring in the housing market and personal debt before making any decision. In a flurry of online, television and newspaper interviews recently, Carney initially hinted that rates could rise if personal debt […]

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51 Ways Ordinary People Reached Extra Ordinary

1. Know what you want. Clarity is power. And vague goals promote vague results. 2. Remember that every problem has a solution. Maybe you just can’t see it. Yet. 3. In this Age of Dramatic Distraction, the performer who focuses the best wins the most. 4. Before someone will help you, you need to help […]

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Hurdles to Becoming Mortgage Free

According to new stats from the Leger Marketing survey that was done for CIBC, it is taking people longer to reach that magical mortgage free celebration. On average people are not becoming mortgage free until the ripe old age of 57 (my apologies to our more experienced/older readers), which is 2 years older than the […]

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Canadian Housing

CAAMP 1401-2235 Sheppard Ave. East, Toronto, ON, M2J 5B5, Canada http://www.caamp.org/ Total New Housing Starts (Seasonally adjusted and annualized) Province October2012   October2011   November2012   November2011   December2012 December2011 Newfoundland/Labrador 3,400 3,500 3,700 3,900 3,800 3,000 PEI 800 900 800 1,500 1,300 800 Nova Scotia 9,400 3,300 3,200 2,800 3,200 8,500 New Brunswick 3,000 […]

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Rates, Exchange Rates & Bonds

Bank of Canada Interest Rate December 4, 2012 1.00 % January 23, 2013 1.00 % March 6, 2013 Next meeting date Source: Bank of Canada Bank Prime Lending Rate December 5, 2012 3.00 % January 24, 2013 3.00 % March 7, 2013 Next meeting date Source: Bank of Canada Conventional Mortgage – 5 Year Rate* […]

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House Protection during your winter escape!

Don’t spend your winter escape worrying about your house. Here are some easy tips to help protect your biggest investment while you unwind. Make it seem like you never left Have a friend or family member either house-sit or drop by your home daily.Lights are on, but no one’s home. Use light timers to turn […]

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Last Week’s Highlights

United States The U.S. trade deficit narrowed to $38.5 billion in December – its smallest level in three-years. Stronger-than-expected exports and weaker-than-expected imports will result in an upward revision to fourth quarter GDP growth when the second estimate comes out at the end of this month. We expect real GDP to have grown by 0.5% […]

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