Karista Blog

Top Dollar: How High Can You Go?

Blog, Homeownership

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Affordability is a major concern for today’s aspiring first-time homebuyers. In hot real estate markets like the Greater Toronto and Greater Vancouver regions, however, the desire for affordability can be challenged by the competitive fervour caused by escalating prices and bidding wars. As anyone who has researched homeownership in these markets knows, it’s easy to feel the pressure to bid higher than you’d like.

I've Never Heard of That Lender Before?

mortgage, Blog

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One of the benefits of working with an independent mortgage professional; compared to getting your mortgage through a single institution, is choice. And as there are even more mortgage rules coming into place January 1st 2018, (read about them here) now more than ever, having access to a wide variety of mortgage products is going to ensure you get the mortgage that best suits your needs.

Bank of Canada Rate Announcement Oct 25th, 2017

mortgage, Announcements, Blog

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The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

Mortgage Chat - New Mortgage Rules coming into effect January 1 2018

Mortgage Chat, Blog

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Thanks for visiting the Mortgages by Bernadette & Team Blog. Mortgage Chat is a weekly Facebook Live video where we have a chat about what is going on in the world of mortgages. I've shared our most recent chat below. Please like my Facebook Page, so you can tune in to the next Mortgage Chat, live!

3 Reasons Canadian Mortgage Rates Will Never Hit 5%

Finance, mortgage, Blog

High borrowing rates are a relic.

What you Need to Know About the Latest Mortgage Rule Changes

Finance, mortgage, Announcements, Blog, Economy

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If you've tuned into the news today, you've probably heard that there are new mortgage rules coming into effect on January 1st. 2018. Over the next week you'll most likely hear a lot of commentary on whether these rules are good, bad, necessary, or unnecessary. And no doubt someone somewhere will come to the conclusion that no one will ever get a mortgage again, and that the housing market in Canada is going to come crashing down around us. Please remember that it's the media's job to write headlines and attract eyes, so they tend to sensationalize everything. Take what you hear with a grain of salt. Mortgages will still be written, and houses will still be bought.  

Using Common Spending Habits to Accelerate Mortgage Repayment

Finance, Blog

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Whether you are looking to save a downpayment for your first home or you would like to pay down your existing mortgage just a little more quickly, the secret to getting ahead might just be in managing your spending habits.

How Does Your Credit Score Hold Up?

mortgage, Blog


In an article released by the Canadian Mortgage and Housing Corporation (CMHC), it appears that those people who have a mortgage tend to be a little more credit worthy compared to those who don't. It also points out that credit scores are quite steady across Canada. 

Payment Frequency, Does it Really Make a Difference?


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It has been said that there are two certainties in life; death and taxes. Well, as it relates to your mortgage, the single certainty is that you will pay back what you borrowed, plus interest. However, how you make your mortgage payments, the payment frequency, is somewhat up to you!  The following is a look at the different types of payment frequencies and how they will impact you and your bottom line. 

Reasons You Might Need an Emergency Fund


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You’ve heard the horror stories: basement floods gone wrong, cars that randomly stop running, or a pal suddenly losing their job. Perhaps you’re the type of person who thinks “that will never happen to me!” when hearing one of these stories, but the cold reality is that it very well could happen to you.