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mortgage rates
Canadian Real Estate Market Continues to be Resilient

The real estate market is expected to maintain it’s resilience, according to the Globe and Mail. “While national data from the Canadian Real Estate Association will not be available until mid-month, local real estate boards have been disclosing their October data and most are showing double-digit, year-over-year gains.” It seems the weak spot in late [...]

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By Lori on November 7, 2013
in Uncategorized
mortgage broker
One Common Misconception About Canadian Mortgage Brokers and Home Loans

Although it’s very common in the US for home buyers to visit mortgage brokers and compare rates or examine the different products available on the market, most Canadians still settle for visiting the local branch of their bank, asking about a home loan, and signing up for the first thing they’re offered. That’s kind of [...]

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By Lori on October 24, 2013
in Uncategorized
mortgage broker
Hot Streak in the Canadian Real Estate Market expected to Stay

“Canada’s housing market is back on a roll”, and the streak is expected to continue, says the Globe and Mail. Calgary’s real estate board has shown a 19% increase in sales, and Toronto’s is up 30% over last year. The numbers are all indicating a recovered market, and the good conditions are expected to last. [...]

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By Lori on October 18, 2013
in Uncategorized
mortgage calculator
Could You Save Tens of Thousands on a Mortgage Just by Asking?

One thing that always baffles us about the way most Canadians shop for mortgages is that they are simply content to take what’s offered – even though getting a better interest rate on a home loan could save them tens of thousands of dollars in the coming decade or so. Strange as it is, it’s [...]

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By Lori on October 14, 2013
in Uncategorized
condos
Will Micro-Condos Become Popular in Canada?

These miniature condos of less than 300 square feet are amazing space-savers in crowded cities like New York and Tokyo, but will they take off in Calgary? Read more here: http://goo.gl/JfFlTr Written by Lori Donovan. Visit Lori on Google+

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By ekzact on October 9, 2013
in Uncategorized
mortgage application
How Well do You Understand the Impact of a Mortgage Rate Change?

With that in mind, here are a few quick and easy numerical examples that show the impact of a simple scenario involving mortgage interest: A $300,000 mortgage with a 3.5% fixed rate over 25 years carries a monthly payment of approximately $1,500. The same home loan with a 4% fixed rate will cost you over [...]

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By Lori on September 24, 2013
in Uncategorized
mortgage broker
4 Things You Should Know About Canadian Mortgage Rates

Despite that, however, we find that many new borrowers don’t really understand much about the way mortgage rates work. In fact, many seem to treat home loan interest the same way they would the weather – as something they think about, but couldn’t really explain. It goes without saying that mortgage rates are influenced by [...]

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By Lori on September 14, 2013
in Uncategorized
mortgage broker
Could the Right Mortgage Broker Help You With a Unique Real Estate Situation?

Often, the assistance we provide as a leading Canadian mortgage broker stems from the fact that we have access to dozens of lenders, instead of the small range of mortgage products that local banks typically carry and offer. But, as we like to remind new clients, we can be a big help in finding creative [...]

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By Lori on August 27, 2013
in Mortgage Broker Services
mortgage calculator
Is Your Bank Really Giving You The Right Mortgage?

Recently, a new client came to us with a surprisingly-common problem: even though she had been a great customer at her local bank for many years, when it came to shopping for the right mortgage, they basically presented her with a “take it or leave it” offer that included just a couple of standard home [...]

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By Lori on August 15, 2013
in Mortgage Broker Services
mortgage rates
Don’t Waste Your Pre-qualified Mortgage Rate

After rates on new home loans jumped half a percentage point in recent weeks, the Source Mortgage team went into high gear, contacting clients who already had pre-approval. That’s because, although many of them might not have known it, their approval locks in the older, historically low mortgage rate for a period of up to [...]

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By Lori on July 23, 2013
in Mortgage Broker Services
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Heartwarming Stories

Source was absolutely great to work with - went above and beyond to help us get everything done when buying our new home. Highly recommended!! Chad and Jenelle Richards Jan 09 2013

Chad and Jenelle Richards
Added January 23rd 2013

Interest Rates

6mth Term 3.95%
1yr Term 2.99%
2yr Term 2.69%
3yr Term 2.99%
4yr Term 3.39%
5yr Term 3.04%
V.R.M. Prime-.65 or 2.35%

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