Topic: Mortgages
How to Compost
By: Elias KellendonkMake 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-
By: Elias KellendonkRecent 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
By: Elias KellendonkAs 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, …
Home Energy Audits: Government Rebates to Fix up your Home
By: Elias KellendonkIt’s a win-win situation: renovate your home, improve energy efficiency, lower your monthly bills and get up to $5,000 back in an ecoENERGY grant to pay for a portion of it. That’s exactly what the Government of Canada is offering through the ecoENERGY Home Retrofit Program, which was extended June, 6 2011. In order to …
Drunk Driving Highest in Interior BC Towns, Not Urban Areas
By: Elias KellendonkAccording to ICBC investigation records, as accessed by Global News in an exclusive investigation, the postal code areas showing the highest rates of alcohol-related suspensions are within interior towns, not heavier populated urban areas. The top 10 highest volumes of alcohol-related suspensions per postal code – ranging from 12-hour license suspensions to impaired driving causing …
How to Calculate Mortgage Penalties
By: Elias KellendonkThere are numerous good reasons as to why mid-term you may be considering the option of breaking your mortgage. You may have found yourself in need of extra finances, have located a much better rate, are aiming to consolidate high interest debts, are interested in early renewal or are paying out the balance of your …
Canada Housing Prices Predicted to Fall Up to 25%: Capital Economics
By: Elias KellendonkFirm Declares Property Values no longer Sustainable The independent research firm Capital Economics has warned Canadians that housing prices are on the verge of a weighty fall, as stated in an article that appeared yesterday in the Financial Post. The firm’s report announced that property prices have “lost touch with fundamentals”. Coupled with record household …
The Benefits of Early Mortgage Renewal
By: Elias KellendonkToo often is the case that Canadians fail to review the terms of their mortgage contract, and contrast them with what is currently available on the market. Early renewal, and renewal in general, give you, the homeowner, an excellent opportunity to negotiate a lower rate for your next term. It also allows you to capitalize …
The Blended Mortgage: A Way to Access Equity without Penalty
By: Elias Kellendonk“Mortgage penalty can be a shocker,” stated Ellen Roseman in her blog, On Your Side. She reminds readers that the interest rate differential (IRD) prepayment penalty charged by lenders to borrowers who break their terms early can amount to thousands of dollars. One broker commented that this penalty amounted to $28,000 for his client whose …
Should you Sacrifice Pre-Payment Options for a Lower Mortgage Rate?
By: Elias KellendonkTaking a Look at the No Frills Mortgage If you knew there was virtually no chance of your amassing a pre-payment, moving, or needing to refinance for the next five years, would you give up all of your mortgage options for the lowest rate possible? That is what the No Frills Mortgage offers to home …
