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Blog by Linda M Linfoot

Experts Best at Brokering Mortgage

March 31st, 2011

Experts best at brokering mortgage

Denise Deveau, Postmedia News · Mar. 30, 2011 |

Cheryl Hutton and Aaron Coates always thought getting a mortgage would be a challenge. But within 18 days of visiting a mortgage broker, they were able to close a deal on a new townhouse in Calgary without a hitch.

Now in their early thirties, both have careers in the theatre, something Ms. Hutton says ...

Mortgage Literacy Crucial for First Time Buyers

March 31st, 2011

Mortgage literacy crucial for first-time buyers

Vito Cupoli, Postmedia News · Mar. 30, 2011

Two years ago, when Michelle Gompf and Jesse Bagelman started thinking about buying a house, they assumed it would be impossible to qualify for a mortgage because of some heavy debt and Mr. Bagelman's status as a self-employed stone mason.

Rather than give up, Ms. Gompf -now Gompf Bagelman -lau ...

Decrease to the Bank of Canada's Qualifying Rate

March 28th, 2011
The Bank of Canada Qualifying Rate has decreased to 5.34% which is effective today, March 28th, 2011.


March 22nd, 2011
Newsletter - March

Reno Coach keeps Projects in the Ballpark

March 8th, 2011

Reno coach keeps projects in the ballpark

Planning her first major home renovation in the summer of 2009, Tina Davies felt like she was awaiting her first baby: excited, nervous and not sure what to expect.

The project would plunge the Toronto makeup artist’s household into chaos for five months, but once it was done, her family of three would have a new kitchen and bathrooms, updated ...

Calculating your Debt Service Ratio

March 7th, 2011
Calculating your debt service ratio

With all the talk about debt that’s been in the news lately, you may be tempted to see where you stand financially – especially with the looming threat of increasing interest rates.

An easy way to do this is by calculating your debt-service ratio – the same calculation that banks use to determine whether you’re a ...

What you should know about Collateral Mortgages

March 1st, 2011

Collateral Mortgages - by Morgan Vaughan

Recently, it was announced that a major Canadian Lender would be registering all new mortgages as “collateral mortgages”.

  • So what exactly is a “collateral mortgage?”

1. It’s a loan attached to a promissory note and backed up by the collateral security of a mortgage on a property.

2. Collateral mortgages have historically been used to regi ...