Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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Smart Phone – Do you know what you share?

Use of smartphone is very wide spread now. More than half of the adult population use a smart phone.  Among many attractive features – a smart phone offers very convenient way to access financial information. Most of the big banks have their own apps for online banking.

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Do you suffer from rate shopping syndrome?

Doing a research on rates and shopping for rates are two different things. A mortgage rate research typically means gathering intelligence on rates offered by various lenders and the associated conditions. The research helps a would-be borrower to understand the pros and cons of different offers and

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Buying home for the first time? – Mortgage tips for the first time home buyers

Every recurring event has a first time. Buying a home can be one of many or just one time experience for all the home buyers. Home buying is an expensive process. So, naturally, buyers do their best to eliminate mistakes. Here we have tried to list few

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Having a “Rate Hold” pays

We all do our best to make our clients happy. A happy client means we did something right. This time we were able to put smile on a lot of faces when the rates started to move up. It was beyond anyone’s imagination that the rates could

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Canadian Mortgage Consumers On-line Activity

If you are reading this article then it is very likely that you have access to Internet. A lot of us do our research on-line before buying something. Before buying a perfume or a computer we try to find out what should be a reasonable price and

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Journey of a mortgage haggler

Mortgage shopping is stressful, Canadians agree to that. The end result should be sweet enough to worth the stress. Let us look at the steps some of us go through.  

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Frustrations in the mortgage process

Some thinks that taking a mortgage should be like buying a candy from the corner store. Then there are people who think that the process is fairly complicated. We are not sure about how your experience was but a recent survey shared some thoughts of Canadian borrowers.

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A Shoppers Guide to On-Line Mortgage Rate

We now shop on-line for number of household items. Many real brick and mortar stores have gone on-line with their products and prices. It is a very competitive environment out there. With the promises of price match and discounts – it is a tough turf for the

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Online shopping and debt – A question

Did you ever wonder if there is any relationship between your on-line surfing habits and debt? The order volume we place on-line may be negligible compared to our off-line purchases but the question is – do we shop off-line based on on-line information? Do you not research

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Canadian Mortgage Market – A BoC working Paper on Shopping

People show exceptional loyalty to their financial institutions in North America. The working paper – published by Bank of Canada suggests that about 80% of the consumers search for a mortgage rate quote from their own home branch. Although some do manage to get external quotes but

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Do banks match price (rate)?

Price matching has a very long and complicated history. Retailer generally uses the technique to attract buyers. This controversial practise has many bad and good sides. On the good side we can say that it is a pro-active campaign and on the bad side we can say

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14 Ignorance That Will Cost You in Your Mortgage

Knowing pays. Whether you are looking for a house or a car or some baby food, you always do your research on price and quality before you hit the road. If you do not shop around then probably your time worth more than the savings (I am

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