Mortgage News
Canadian Mortgage Blog by Chris Marriner
You will learn about the different types of mortgages available, such as fixed-rate and adjustable-rate mortgages, and the pros and cons of each. You will also be informed about the mortgage application process, including how to prepare and what documents you’ll need. Additionally, you will find informative articles on topics such as credit scores, down payments, interest rates, and other important financial considerations that will help you make informed decisions when it comes to securing a mortgage. My blog provides a wealth of information that will empower you to make the best possible decision for your financial future.
Why Fixed Mortgage Rates Move (It’s Not the Bank of Canada)
You’ve likely noticed that fixed mortgage rates don’t always move in sync with the Bank of Canada’s announcements. Fixed rates do however move with the
How Do Lenders Calculate Income for Commission-Based Jobs in Alberta?
If you’re paid fully or partially by commission, qualifying for a mortgage in Alberta is absolutely possible — but lenders assess your income differently than
Refinancing Your Mortgage at Renewal vs. Mid-Term
Refinancing your mortgage can be a smart financial move, but when you refinance matters just as much as why. In Alberta, homeowners can refinance either
A Christmas Reminder of What Home Really Means
Christmas has a way of bringing everything back into focus. As the lights go up, the weather turns colder, and families gather under one roof,
Debt Consolidation Through Mortgage Refinancing: Is It Right for You?
Many Albertans are feeling the pinch of inflation, higher interest rates and growing debt balances. Credit cards, lines of credit, and personal loans can add
Understanding Closing Costs in Alberta: What First-Time Buyers Often Miss
Closing costs in Alberta typically range from 1.5% to 4% of a home’s purchase price and include legal fees, land transfer costs, title insurance, and
How Different Types of Debt Impact Your Mortgage Approval
Securing a mortgage is one of the most significant financial steps in life, and your existing debt plays a crucial role in the approval process.
How New OSFI Loan-to-Income (LTI) Rules Could Change Homebuying in Canada
The Canadian housing market has faced major shifts in recent years, from rising interest rates to tighter lending standards. Now, a new proposal from the
Bi‑Weekly vs. Accelerated Weekly vs. Monthly Payments
1. Payment Frequency Options Explained Frequency Payments per Year Total Annual Paid Effect vs. Monthly Monthly 12 12 × M Baseline Accelerated Bi‑Weekly 26 26 × (M ÷ 2) = 13 × M