Salary or Dividends: Which Helps You Qualify for a Bigger Mortgage?
If you own your incorporated business, how you pay yourself directly changes how much mortgage you qualify for. Lenders read the income on your personal tax returns, so a decision made between your accountant and yourself one to two years before you apply for a mortgage can push your approval higher. This is the mortgage […]
Your Mortgage Is Renewing at a Higher Rate: Here Are Your Options
If your renewal payment is jumping and you fear you cannot afford it, you have more options than signing the letter. Signing the renewal offer is not your only choice. You can extend your amortization, switch lenders penalty-free, refinance to consolidate other debt, or blend-and-extend with your current lender. This post walks through each option […]
Calgary Mortgage Broker: More Lenders, Better Rates, and Straightforward Advice
Finding the right mortgage in Calgary is not just about the rate. It is about working with someone who understands the Alberta market, knows which lenders are competitive right now, and can move quickly when a deal needs to close. Pekoe.ca is a licensed mortgage brokerage regulated by the Real Estate Council of Alberta (RECA). […]
The Canmore, Alberta Mortgage Maze: How a Broker Simplifies Your Journey
Navigating the world of mortgages in Canmore, Alberta can feel like wandering through a complex maze. With so many lenders, interest rates, and mortgage types to consider, finding the right home loan can be a daunting task. Fortunately, there’s a secret weapon that simplifies this journey – a professional mortgage broker. In this blog post, […]
The Kitchener Mortgage Maze: How a Broker Simplifies Your Journey
Navigating the world of mortgages in Kitchener can feel like wandering through a complex maze. With so many lenders, interest rates, and mortgage types to consider, finding the right home loan can be a daunting task. Fortunately, there’s a secret weapon that simplifies this journey – a professional mortgage broker. In this blog post, we’ll […]
THE POWER OF A PRE-APPROVAL: How A Canmore Mortgage Broker Simplifies Your Home Buying Journey
If you’re planning to buy a home in Canmore , there’s an important step that can significantly ease the process: getting pre-approved for your mortgage. As a trusted Canmore mortgage broker, we want to highlight the significance of pre-approval and explain how it can streamline your home buying journey, saving you time, effort, and potential […]
Essential Questions To Ask A Canmore Mortgage Broker
Finding the right mortgage broker is crucial when it comes to securing a home loan in Canmore. A knowledgeable and reliable mortgage broker can guide you through the complex mortgage process and help you find the best loan options for your needs. Before choosing a Canmore mortgage broker, it’s important to ask specific questions that […]
Cash Damming: An Innovative Strategy to Maximize Wealth
Cash damming is a strategy that turns the non-deductible interest on your mortgage into tax-deductible interest, so money you already borrow starts working in your favour at tax time. For Canadian homeowners who are self-employed or own a rental property, it can mean thousands of dollars in tax savings and a faster path to owning […]
Unveiling the Summer Mortgage Market in Canmore: Your Guide to Finding the Perfect Mortgage Broker
As the summer season arrives in Canmore, Alberta, the real estate market heats up, presenting a unique opportunity for homebuyers and homeowners considering mortgage options. To make the most of this bustling time, it’s crucial to partner with the right mortgage broker. In this blog post, we will delve into the summer mortgage market in […]
Top 10 Tips for Getting the Best Mortgage Rate in Canada
Looking for the best mortgage rate in Canada? Follow these 10 tips to help you secure a competitive rate and save money on your home loan. From improving your credit score and making a larger down payment to choosing the right lender and considering government programs, these strategies can help you get the best deal possible. Start your journey to homeownership on the right foot by following these tips and securing a low mortgage rate.