Elias Kellendonk

Saving for a Down Payment

Any down payment that totals less than 20 per cent of the property value will require mortgage default insurance, and be considered a high ratio loan.

Building the Right Team at Mortgage Time

A mortgage broker will help you ascertain the true amount you can afford to spend on your new home, before you start shopping.

Don't be Afraid to Talk to a Mortgage Broker

Halloween aside, this October has plenty of reasons to get you spooked, what with a recession, a long and tiring election campaign, and recent world events. Plenty of reasons, but your mortgage need not be one of them. We’re here to help in this frightful time, no matter if you’re buying a home, renewing your …

The Lender’s Equations: How Much Mortgage will you Qualify for?

Lenders basically use two rules to determine the mortgage you are eligible to be funded to receive.

Happy Home Hunting Tips for Canadians

Finding the right home for you comes down to three chief factors: affordability, lifestyle, and your future needs.

Over Half of Canadian Retirees Are in Debt, but That Doesn’t Have to Include You

A recent poll done by CIBC and Harris/Decima has found that 59% of Canadian retirees are still in debt. Worse yet, the poll finds that 55% of people that carry debt into retirement have seen their debt levels either increase or remain unchanged over the past year. As you can imagine, it only becomes more …

Flaherty Tightens Canadian Mortgage Rules.

Come July 9th, the CMHC will no longer insure mortgages with amortizations longer than 25 years, and will further limit the amount a homeowner can refinance their mortgage to 80%, down from 85%.

How to Compost

Make your Backyard Greener Composting is an easy, inexpensive way to ensure your planting soil is getting the nutrients it needs. Compost and leave and grass mulches improve soil texture, prevent erosion, better hold moisture and encourage healthy plant growth. A healthy yard often means a healthy home – less opportunities for water to seep …

Calgarians Rank City Housing C+, Neighbourhoods B-

Recent Survey Finds Vast Majority of Calgarians are Happy – and Satisfied with Financial Well Being The Calgary Foundation released its 2011 Vital Signs this week, an ‘annual community checkup that measures the vitality of the community, identifies significant trends, and assigns grades in 12 areas critical to quality of life.’ According to the 2011 …

Four Year Fixed Rates Down 40 Basis Points

As of Monday the best mortgage rate available on a four-year term came down 0.40% to dip under prime rate and station at 2.99%. This was the first mortgage rate change to be seen at CanEquity since the second week of September, wherein the best variable rate available rose 0.20%, while the two-year fixed rate, …

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