Shared Equity Mortgage Pros and Cons

Shared Equity Mortgage

The First-Time Home Buyer Incentive will be ready to receive applications on September 2, 2019 (barring any unforeseen circumstances). The first closing will take effect on November 1, 2019. If you are considering using this program, make sure you learn the pros and cons that come with the shared equity mortgage. PROS OF FIRST-TIME HOME […]

First-Time Home Buyer Incentive

First-Time Home Buyers Incentive

The First-Time Home Buyer Incentive allows first-time home buyers (FTHB) to reduce their monthly mortgage payment through a shared equity mortgage. A shared equity mortgage is where the government shares in the upside and downside of the property value. The incentive is an interest-free loan that does not require ongoing repayments. Buyers must repay it […]

Investing in Suited Properties

Benefits of Income Suite

By: Brian Banks – FreedomVest Properties Investors see good value in suited properties. The three big profit centres are positive monthly cash-flow, paying down your mortgage’s principal and value appreciation over time. These all contribute to your overall return on investment (ROI). Learn more about adding a suited property to your investment portfolio. Freedom from […]

Legal Basement Suite Benefits

Benefits of Income Suite

By: Brian Banks – FreedomVest Properties Owning a property with a secondary income suite can be very powerful and catapult your financial future. It doesn’t matter if it’s a newly built home with a garden suite or you convert the downstairs of an older bungalow into a basement suite; the benefits can be exponential. Here […]

Builder Mortgage Q&A

Builder Mortgage Q&A

Building a new home comes with a big to-do list. On top of this list is arranging for proper financing to build your home. Here’s some common Q&A to help you understand how builder mortgages work. What type of mortgage do I need to build a house? There are two types of mortgage products available […]

Could Your Mortgage Use a Spring Check-Up?

Mortgage Review

Now that spring has sprung, it’s the perfect time for your annual mortgage check-up. If you make time for a quick review each spring, it may yield you some fruitful financial savings. A mortgage review will examine the most common potential monthly savings opportunities, including high-interest credit card debt or fixed loan payments. Reviewing your […]

Pre-Qualified vs Pre-approved for a Mortgage

Pre-qualification vs Pre-approved for a Mortgage

Looking to get pre-qualified for a mortgage? Or wait, should you get pre-approved instead? If you’re like most people, you find the two terms confusing. Not knowing the difference between being pre-qualified and pre-approved could cost you your new home! Here is the difference A mortgage pre-qualification allows a buyer to get an idea of what they […]

What is Title Insurance?

First Canadian Title

Title insurance protects you, the homeowner, against losses associated with title fraud and a variety of other property issues. Title insurance is unlike traditional insurance — it does not just cover things that may happen in the future (e.g. title fraud), but also, property defects that have already occurred in the past, before purchasing your […]

Put Your Tax Refund to Work

Tax Refund

With the average Canadian tax refund at $1400, it’s tempting to spend it carelessly. However, every financial advisor, banker and mortgage broker will tell you… STOP TREATING IT LIKE YOU FOUND IN YOUR OLD JEANS’ POCKET A tax refund is your hard-earned money. You overpaid your income tax deductions throughout the year and you’re now […]

Mortgage Myth Busters

Mortgage Myth Busters

Buying a home is an important decision. I’m here to provide guidance and knowledge to help you plan for a secure financial future through homeownership. With that in mind, here are a few myths about mortgages that are important to understand. Mortgage Myth #1… My bank will give me the best mortgage rate Banks profit […]

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ContactRodney Biggar
Licensed Mortgage Associate
 
Phone (780) 960-5897
Fax (780) 960-5898
info@theBIGGARteam.ca
Hillside Centre
#204 636 King St.
Spruce Grove, AB
T7X 4K5

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