Greenwood Mortgage
Peter McKinnon

Personalized Mortgage Solutions

Cell 604-506-6789
Office 604-609-0333
Fax 604-687-1677
Email peter@peterlmckinnon.com

Blog

Shopping at Renewal Time Can Save Money

While most Canadians spend a lot of time and expend a lot of effort in shopping for an initial mortgage, the same is generally not the case when looking at mortgage term renewals.

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Report blames non-mortgage debt for consumer woes

A new report from Equifax is pointing a finger in the same direction as brokers, arguing non-mortgage debt as the real threat to consumer solvency.

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Low Interest Rates Fuel Home Prices In First Quarter: Report

The Royal LePage House Price Survey showed the average price of a home in Canada increased between 2.2 and five per cent in the first quarter of 2012, compared to the previous year.

 

In the first quarter, standard two-storey homes rose five per cent year-over-year to $398,282......

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Collateral Mortgage vs Conventional Mortgage

When you apply for a mortgage, you usually just ask about the term, amount, interest rate and monthly payment. Not many people understand the difference between a conventional mortgage and a collateral mortgage. Yet many banks are now asking borrowers to sign collateral mortgages — and it could result in them being tied to this bank, for life.

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How to Become Mortgage Free

Regardless of how long you’ve had your mortgage or how large or small the current balance is, there are a variety of ways to make prepayments work for you to pay down your mortgage faster and, therefore, pay less interest throughout the life of your mortgage.

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Is Apple's Reign Over? A sell?

Article taken from Penny Slueth.com

Apple Is a Sell
By Chris Mayer

Apple is a sell.

I know, I know. Nobody wants to read about a stock that is a sell. You want to know about the next big winner, the next Apple.

But hear me out. There is a unique twist to this story that you probably don’t know. This cinched it for me — it is what inspired me to take to the keyboard.

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Top Ten Renos to Improve The Value of your Home

Can't stand your dark, drab basement? Have the purple-and-olive tiles and porcelain in your bathroom seen better days? Maybe you've had enough of your old vinyl floor and tacky fittings in your cramped kitchen. But what do you tackle first?

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Building your Homeownership Budget

Making the transition from renter to homeowner is likely one of the biggest decisions you’ll make throughout your lifetime. It can also be a stressful experience if you don’t plan ahead by building a budget and saving prior to embarking upon homeownership.

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Is the lowest rate the only decision in choosing a mortgage??

There has been a lot of chatter surrounding ultra-low rates that were introduced by many banks early this year. But, it’s important to look beyond mere rates into the bigger picture surrounding what’s significant when it comes to your specific mortgage needs.

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Home Buyers Plan

The Home Buyers’ Plan (HBP) is a program for first-time homebuyers that allows you to withdraw funds from your RRSPs to buy or build a home.

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Featured Rates

5-Year Fixed

2.99%

Variable

2.70%

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