Author Archives: RateDeal Press



RateDeal Press

RateDeals.ca is your source to the lowest mortgage rates and most mortgage options in Edmonton and Area.

Saving Your Home From Foreclosure
in Private Mortgage

Saving Your Home From Foreclosure

When circumstances in your life have put your finances in a bad situation, you may need some real help to save your home from going into foreclosure. It only takes 3 missed payments for a lender to start the foreclosure process, it’s not hard to imagine this happening for most people if some financial hardship were to strike. First Step is Steadying the Ship Once...

Read More

0
29 Sep 2017
The Effects of Rising Interest Rates
in Mortgage Rates

The Effects of Rising Interest Rates

Over the past few years we have seen a number of rule changes implemented by the federal government in an attempt to slow down the housing market. Some have worked out okay while others are seen as too far and unnecessary. We have debated these changes on this blog many times so we don’t want to re-litigate that again, however we do want to take...

Read More

0
19 Sep 2017
5 Year Fixed Rates Are Flying off the Shelves
in Mortgage Rates, Mortgages

5 Year Fixed Rates Are Flying off the Shelves

According to an article by MacLeans, Canadians are overwhelmingly choosing 5 year fixed rates over variable rate mortgages after the recent rate hikes by the Bank of Canada. This is not surprising for a couple of reasons. Let’s take a look at the options and why consumers are choosing to go the way they are. The Gap Between Fixed and Variable Rates This may be...

Read More

0
14 Sep 2017
How Has the Stress Test Affected the Real Estate Market
in Blog, Mortgages

How Has the Stress Test Affected the Real Estate Market

When the stress test was introduced by the Government of Canada last fall, there was a lot of uncertainty about how it would affect the market. On paper, it would obviously affect affordability for buyers, limiting the amount they qualify for with regards to high ratio mortgages, but what would it do to the overall market. Missed the Mark With only two cities being the...

Read More

0
11 Aug 2017
Refinance or Private Second Mortgage
in Blog, Mortgage Refinance, Second Mortgage

Refinance or Private Second Mortgage

For clients looking to take equity out of their home, there are a couple of options which clients can consider. They can refinance their existing mortgage, or take a private second mortgage. Both of these options will accomplish the same thing, however that is where the similarities end. Lets take a look at each of them and see why one will be the better option...

Read More

0
01 Aug 2017
Home Affordability Up in Alberta
in Blog, Mortgage Rates

Home Affordability Up in Alberta

With all the fears of a housing bubble in some markets in Canada, home affordability in Alberta has actually improved. Both Edmonton and Calgary saw the amount of home owners income needed to service an average home down 0.8%. Not exactly seismic, but every little bit helps, especially for first time buyers. What Home Affordability Means You will often here bankers talk about ratios, income...

Read More

0
28 Jul 2017
Page 1 of 3212345...102030...Last »