A client recently approached Grande Prairie Whalen Mortgages saying they couldn’t buy the home they wanted. They came to us because they’d already been rejected by their local bank. They were told to come back after they’d saved at least a 10% down payment. Never mind...

If the Conservatives win in October’s federal election, it would have major changes to Canadian mortgage regulations. Andrew Scheer shared his vision with the Canadian Home Builders’ Association or CHBA.   Andrew Scheer said the combination of endless tax hikes and...

The 2019 budget includes a new solution to the Canadian housing market collapse and housing affordability crisis – shared equity mortgages or SEM. This would be through the First Time Home Buyers Initiative or FTHBI.   The 2019 budget doesn’t include a lot of details...

Your home is probably the biggest investment you’ll ever make. It makes sense that you’d want insurance to protect it. However, there are a variety of types of insurance. Some types of insurance are mandatory in various circumstances, while others are not necessarily...

Lenders don’t give all credit problems the same weight when you apply for a mortgage. Bankruptcies are much more severe than being late on your bills. Let’s look at the different types of issues you could have in your credit report and how they affect your mortgage...

Online mortgage rate comparison tools and the ability to request an initial mortgage quote from your bank through their app or website does make it easier to shop for a mortgage. However, there are a number of benefits that only a Grande Prairie mortgage broker brings...

The holidays can be a mix of joyful reunions and parties, but there can be stress as well. On top of work and kids there is shopping, event planning, and probably a few end of the year deadlines, as well. Here are some holiday tips for Grande Prairie residents to make...

Historically, the fourth quarter is the slower quarter of the year and benefits the buyers. Consider buying your next Grande Prairie home during the holidays for these eleven reasons.  People who look for a home during the holidays are more serious buyers.  Less...

Canadians love to shop for deals, but they seem to fall short when it comes to finding the best mortgage rate. We actually have hard data on this thanks to an international HSBC survey; that survey found that Canadians came in tenth, having the fewest people out of...

Mortgage financing rules have changed on both a federal and provincial level. However, these rules are not the only things that determine your eligibility for a mortgage. Here are a few other factors that affect your ability to get a mortgage and ways you can improve...