Mortgage Renewal

Mortgage Renewal

Is it time to renew your mortgage? Before signing a lender’s renewal notice, educated yourself on the renewal process. One mistake could cost you thousands of dollars. 3-6 months before a mortgage term is complete, most lenders will send a mortgage renewal notice in the mail or email information to their clients. The notice will ask […]

Become Mortgage Free Faster

Ways to Pay off Your Mortgage

How many years from now do you want to own your home and become mortgage free? As you may already know, paying your mortgage off the traditional way takes 25 to 30 years and costs about twice the purchase price of your home. Here are some practical ways to pay off your mortgage sooner, build equity […]

Eliminate Bad Debt and Take on Good Debt    

Drowning In Debt

More and more Canadians are drowning in debt. The increased household debt in Canada has become a favourite topic in the media. I’m sure you’ve seen many of the statistics in the news lately and read about the stricter mortgage rules the government implicated. One way to move towards financial freedom is to get rid of […]

Let’s Get Your Mortgage Approval on Track

Mortgage Declined

Just because the timing doesn’t work currently, doesn’t mean you have to lose hope about buying a home. Here are some common reasons people don’t receive mortgage approvals right away and ways to increase their chances of being approved for a mortgage in the future. Start by asking why you didn’t qualify for the mortgage. […]

Ways to Improve Your Credit Score for a Mortgage

Ways to Fix your Credit Score

It is essential to fix issues on your credit bureau before applying for a mortgage. Here are some tips to improve your credit and increase your credit score. The best time to start working on your credit is now, 6-12 months before you apply for a new mortgage. If you’ve had severe credit challenges, it […]

‘Tis the Season of Giving Project

'Tis the Season of Giving

This Christmas The Biggar Mortgage Team wanted to make the season a little brighter for a few local families with our ‘Tis the Season of Giving project. We picked a family each week leading up to Christmas that was in need or deserving of a little extra cheer. Each chosen family received a customized Christmas package […]

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 […]

Bridge Financing

Bridge Loan

Buying your next home may come with new challenges than when you bought your first home. Many homeowners will use the home equity they built for a portion or all of the down payment on their next home. When purchasing a home, you are required to give the down payment funds to the lawyer before […]

New Conventional Mortgage “Stress Test” Rules

New "Stress Test" Mortgage Rules

The decision has been made by the Office of Superintendent of Financial Institutions (OSFI) to proceed with the mortgage rules they proposed earlier this summer. OSFI is an independent agency of the Government of Canada that reports to the Minister of Finance. It was created to contribute to public confidence in the Canadian financial system. OSFI is the sole regulator of […]

Saving for a Down Payment

Saving for a Down Payment to Purchase a Home

Saving a down payment to buy a home can be the biggest challenge first-time home buyers’ face. In Canada, the minimum down payment is five percent of a home’s purchase price that is under $500,000. If the home’s purchase price is over $500,000, the requirement is five percent on the first $500,000 and ten percent […]

Let us simplify the whole process of getting the mortgage that's right for you!

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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