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My Better Mortgage

  • rental agreement my better mortgage

    With house prices, unemployment rates, and divorce rates increasing annually, it seems like a no-brainer to offset your housing expenses with rent... especially if the basement is a space you can do without. Being a landlord sounds simple. Most peoples understanding is that they'll have to find tenants, fix leaky taps, spruce up the house, and comply with various bylaws.

  • lease agreement-smPricing a rental property is more complicated than most investors understand, especially if you want to get it right. 

    We've all heard stories about what a neighbour or another investor was able to rent their unit for. If they could get that rent, you should be able to get the same, right? Unfortunately, that's just not true. In fact, that type of logic can run you into some big trouble as a landlord. 

  • mbm calculator sThe holiday season is once again upon us. With decorations filling our homes and our thoughts turning to friends and loved ones, your finances might be the furthest thing from your mind.

  • pay it forward

    The holidays are an exciting time of year for most - for others the added emphasis of family celebrations and elaborate meals is a huge financial struggle. This year My Better Mortgage has committed to assisting those in need.

    Our office is super excited to have joined "Barrie Mom's and Dad's Pay It Forward Christmas Food Drive." We encourage you to drop off toys and non-perishable food items to our office... Or if it's easier for you, the founders of this great cause have agreed to pick up your donations right from your door step.

  • bfks-smallThe My Better Mortgage team loves to get involved in community events, especially when they are for a great cause! On April 1st, we will be participating in the Big Brothers Big Sisters Bowl for Kids’ Sake at the Barrie Bowlerama. This fundraising event will be a lot of fun, but more importantly, it will help make a difference for local youngsters. We look forward to lacing up our bowling shoes and supporting the mentorship programs at Big Brothers Big Sisters- Barrie and District!

    Stay tuned for more information about how you can make a pledge!

     

  • low rates-sm

    (Bloomberg) -- Canadian Finance Minister Joe Oliver said he won’t pressure the nation’s banks to follow the Bank of Canada’s latest interest-rate cut, or take steps to influence the housing market.

    “I do not intend to interfere with the day-to-day operations of the banks,” Oliver said in an e-mailed statement Thursday. “I have no current plans to introduce new rules regarding residential mortgages.”

  • my better mortgage Market UpdateCanadian household debt ascended to another record in the third quarter, underscoring why policy makers are stepping up efforts to limit the risks of a collapse in the nation’s real estate market.

  • low rateA forecast from CIBC World Markets predicts that the bank of Canada will make a further 0.25 per cent cut to interest rates in March despite the current weakness of the Canadian dollar. Chief economist Avery Shenfield says that growth will be lower than 2 per cent this year and sees the loonie falling to 77 cents US and not recovering too much above 80 cents US.

  • my better mortgage Market UpdateEarlier this morning, Finance Minister Bill Morneau made the announcement that the minimum down payment for houses will increase effective Feb. 15, 2016. To see the full announcement, please watch the video by clicking here.

  • Tax-Credit-ImageClaiming your First Time Buyers tax credit is easy...

    The First-time Home Buyers' Tax Credit was introduced as part of 'Canada's Economic Action Plan' to assist Canadians in purchasing their first home. It is designed to help recover closing costs, such as legal expenses, inspections, and land transfer taxes, so you can save more for money for a down payment.

  • coin toss-my better mortgage

    Ontario home buyers and sellers could use better tools and resources to help pick the right real estate agent. A recent survey release today from Zoocasa and Survey Sampling International (SSI) revealed most (86%) Ontario home buyers and sellers used a real estate agent on their last transaction, but only half (50%) reported being confident that they picked the right one.

  • money-down-the-drain1Don't get caught flushing your money down the drain.

    Many people think that the differences in how lenders calculate fixed-rate mortgage penalties are a non-issue now that rates have fallen to ultra-low levels. Nothing could be further from the truth if your mortgage is with a bank at a discounted rate.

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    financial freedom my better mortgage

    It's around this time of year where the frantic calls start rolling in - and it continues on until about March. They are from consumers who have been avoiding their credit card statements or logging onto their bank accounts, as the January financial blues set in after weeks of gleeful holiday spending. The experts have a name for it - the "holiday debt hangover."

  • energy efficient mbm

    Energy-efficient homes can increase comfort and promote healthier living, while reducing greenhouse gas emissions and lowering home expenses. Canada Mortgage and Housing Corporation (CMHC) is upgrading its Green Home Program.  

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    my better mortgage Market UpdateThe Canadian economy is all but certain to register a technical recession in the 2nd quarter. Last week global stock markets took a violent tumble and made a sharp rebound that rattled many investors. Yet Canada's housing market continues to ignore the world around it and defy gravity.

  • my better mortgage Market Update

    Brokers – and the industry – will have to wait a little long for the expected rate hike.

    “To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4% target range for the federal funds rate remains appropriate,” the Fed said in a release Wednesday afternoon.

  • divorce barrie separation

    Going thru a separation or divorce can be one of the most difficult periods in anyone’s life...

    In addition to the heartbreaking end of a marriage, there are often difficult decisions that need to be made… Where do the kids live.? How do you divide up the assets.?...

  • myBettermortgage-breast-cancer

    October is Breast Cancer Awareness month, and our agents have been working overtime to help raise awareness. On October 5th we joined the CIBC run for the cure in downtown Barrie. This run raised 10.7 million dollars across Ontario. With the funds raised at this event, the Foundation is able to invest in innovative research that includes explorations of the genetic causes of breast cancer that could lead to improved risk assessment of women, as well as tailored prevention and treatment options.

  • retirement-barrie

    Are you investing enough, soon enough? Most Canadians don't have the ability to sock away 10% of their income. By the time the bills are paid and the children are fed most Canadian's don't have the ability to max out their RRSPs. Compound interest which is essential to our long-term financial well-being remains elusive.

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