OttawaMortgageBlog.com

Once you have several choices for each trade you need to narrow it down to a primary choice and a backup (if your water heater is leaking and your choice for a plumber is at the beach, you will need an alternative!) The most important items to evaluate are on the following checklist.
 
1.    How long [...]

Bank of Canada increases overnight rate target to 3/4 per cent
OTTAWA - The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.
The global [...]

When you buy your first home and you see that 25 year amortization, it seems like you’ll be paying for your home forever. There are ways to shorten your amortization without refinancing.
 
1.    Pay a little extra every month towards your principal. You can usually add a dollar amount that specifically goes towards the principal. [...]

If you’re planning to Sell or Buy a Home in 2010 here are a few key recommendations to remember.

Sellers:
1.    Review your existing mortgage agreement with your mortgage specialist. If you’re in the first year of a five-year term, the payout penalty might be so high that you decide to wait until at least the mid-point, [...]

Usually, the builder uses it to house the water heater, the heat exchanger, the electric panel, the central vacuum system, etc. As it’s usually quite small and already holds numerous items, its important to maximize the remaining space from floor to ceiling.
 
The first step consists of determining what items will be stored there and [...]

Interest only mortgage loans can be a smart option for you if you are self disciplined. They offer a flexible payment schedule where you are only required to make a payment towards the interest of your loan, but you also have the option to pay toward the principal. In most cases, your interest only mortgage [...]

As many of you have heard over the last 12 months the Bank of Canada have been promising a rate increase and as advertised they have.The Bank of Canada rate has increased by 0.25% to 0.50%. This will increase prime rate to 2.75%. For more inforamation read below…
Bank of Canada increases overnight rate target to [...]

The Real Estate investment market is robust and competitive!
According to the National Association of REALTORS® of all Real Estate sales were either investment property or second homes purchases.
If you are thinking about investing in Real Estate, here is some advice from “other” investors on what you need to think about first!
 
 
1)      Buy the best [...]

As spring is upon us, well in Ottawa we could considered it summer, many people get out their brooms, dig through their closets and clean out their garages, basements and sheds it their annual spring cleaning. It is time to start fresh but as we prepare to reduce the clutter in our homes we seldom [...]

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