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Category: Mortgages (26 posts)

Thinking About A Vacation Home?

Thinking About A Vacation Home?

August 6, 2019 | Posted by: Holly Cochrane

Have you been thinking about taking the leap to buy a vacation property??Holly Cochrane from the Holly Cochrane Mortgage Teams weighs up the pros and cons to help you make this big financial decision: ... [read more]

Make your Mortgage Work For You

Make your Mortgage Work For You

July 31, 2019 | Posted by: Holly Cochrane

The Holly Cochrane Mortgage Team work with clients to help find the mortgage that best matches their needs. Holly Cochrane explains, “My team can offer you several choices to suit your mortgage ... [read more]

Debt Consolidation Mortgage

Debt Consolidation Mortgage

July 24, 2019 | Posted by: Holly Cochrane

A debt consolidation mortgage could be the solution you need to high interest credit payments. Holly Cochrane from the Holly Cochrane Mortgage Team explains “A debt consolidation mortgage is whe ... [read more]

Understanding Credit Scores

Understanding Credit Scores

July 17, 2019 | Posted by: Holly Cochrane

Ranging from 300 to 900, your credit score captures your perceived lending risk at a moment in time. Your score tells lenders what kind of risk you are likely to be as a borrower. Your score can chang ... [read more]

Who is better? The Bank or the Broker?

Who is better? The Bank or the Broker?

July 10, 2019 | Posted by: Holly Cochrane

The simple explanation is that a broker works for you, the bank doesn’t. Securing the right mortgage is a critical factor determining long-term savings. Holly Cochrane from the Holly Cochrane Mo ... [read more]

Condo Buying Guide for First Time Home Buyers

Condo Buying Guide for First Time Home Buyers

July 3, 2019 | Posted by: Holly Cochrane

Buying a condo is generally more affordable, easier to maintain, amenity-rich and often located in desirable neighbourhoods. It makes sense why condos are increasingly the popular choice among first t ... [read more]

Home Buying Terminology

Home Buying Terminology

June 26, 2019 | Posted by: Holly Cochrane

The mortgage process can be overwhelming but having the Holly Cochrane Mortgage Team on your side can help to reduce your stress. To help you through this process, we have created a list of home buyin ... [read more]

Improve Your Credit Score

Improve Your Credit Score

June 19, 2019 | Posted by: Holly Cochrane

If you see your dream home in your future, now is the time to start to assess your credit score and create a path to make it as best it could possibly be.  WHAT IS A CREDIT SCORE? The three dig ... [read more]

Pre-Approval - Do I Need It?

Pre-Approval - Do I Need It?

June 12, 2019 | Posted by: Holly Cochrane

Finding the perfect home may seem like your number 1 priority but getting pre-approval before you begin searching for your new home is actually more important. “You should understand your financ ... [read more]

Bank of Canada Announcement

Bank of Canada Announcement

May 29, 2019 | Posted by: Holly Cochrane

If you have a variable rate mortgage, line of credit and/or student loan, today’s announcement from the Bank of Canada to maintain their overnight rate is good news for you. In most cases, chang ... [read more]

Mortgage Myths - Fixed Rate vs Variable Rate

Mortgage Myths - Fixed Rate vs Variable Rate

May 22, 2019 | Posted by: Holly Cochrane

Both fixed and variable interest rates have their own pros and cons – neither one is better than the other. There are a number of factors that you should consider when making a decision on the t ... [read more]

Rates Are On The Rise

Rates Are On The Rise

September 6, 2017 | Posted by: Holly Cochrane

Rates are on the rise again, this latest rate hike will see lender increase their  prime lending rate, which will in turn see rates on Home Equity Secured Lines of Credit rise along with Va ... [read more]

Prime Lending Rate Increase

Prime Lending Rate Increase

July 12, 2017 | Posted by: Holly Cochrane

Prime Lending Rate Increase Well, as predicted the Bank of Canada has raised its key interest rate for the first time in seven years to 0.75 per cent from 0.5 per cent. This has caused an ... [read more]

Risk of Rising Rates - Call Us Now!

Risk of Rising Rates - Call Us Now!

June 13, 2017 | Posted by: Holly Cochrane

Great article speculating that mortgage rates will be rising this year. Get more information in this, here. If you are planning on buying, would like to refinance, or have a mortgage coming ... [read more]

Mortgage Broker Myths Set Straight

Mortgage Broker Myths Set Straight

May 18, 2017 | Posted by: Holly Cochrane

Myth: The client pays a premium to use a mortgage broker. Truth: Typically, we are paid a finder’s fee by the lender whom we choose to take your file. Therefore, a mortgage broker could be ... [read more]

Home Buying 101

Home Buying 101

May 4, 2017 | Posted by: Holly Cochrane

What a great evening! Last night our team presented at an event created and hosted by Travis Hawryluk and Associates. The event was designed to give “the complete package” of informati ... [read more]

Roundtable Meeting Regarding How Canadians Have Been Impacted By Mortgage Rule Changes

Roundtable Meeting Regarding How Canadians Have Been Impacted By Mortgage Rule Changes

April 6, 2017 | Posted by: Holly Cochrane

It was such a pleasure to have been asked to attend a roundtable meeting hosted by Mr. Kelly McCauley, MP. The purpose of the meeting was to discuss the new mortgage rules implemented by the G ... [read more]

How Pulling Your Credit Annually Can Help You During The Mortgage Process

How Pulling Your Credit Annually Can Help You During The Mortgage Process

March 9, 2017 | Posted by: Holly Cochrane

Have you ever considered that a late payment on your phone bill could affect your attempt at getting a mortgage approval? Being in the mortgage business for the last 20 years, I have helped clients t ... [read more]

What Is A Reverse Mortgage?

What Is A Reverse Mortgage?

February 26, 2017 | Posted by: Holly Cochrane

'Reverse mortgages can be a good last choice, in special circumstances.' (Vettese, title). The title to this article (linked) may make a reverse mortgage sound like it should be your last choice. We ... [read more]

Spring May Still Be 6 Weeks Away, But Your New Mortgage Does Not Have To Be

Spring May Still Be 6 Weeks Away, But Your New Mortgage Does Not Have To Be

February 2, 2017 | Posted by: Holly Cochrane

HAPPY GROUNDHOG DAY! This morning, three groundhogs across Canada awoke from their burrows to decide whether we will have a long winter, or an early spring. The two groundhogs in Eastern Canada poppe ... [read more]

A Program with Potential to Get Every Twenty-Something into Their First Home

A Program with Potential to Get Every Twenty-Something into Their First Home

January 19, 2017 | Posted by: Holly Cochrane

Do you have a dream of homeownership? Do you have money saved up in your RRSP’s? You may have never considered that these facts can go hand in hand to get you into your own home. The Home Buyer ... [read more]

Use Your Upcoming Mortgage Renewal to Lower Housing Costs

Use Your Upcoming Mortgage Renewal to Lower Housing Costs

January 12, 2017 | Posted by: Holly Cochrane

Lowering your housing costs can be as simple as taking advantage of your upcoming mortgage renewal.  This article features 5 questions to ask yourself about your mortgage and financial goal ... [read more]

House of Cards Mortgage Tips

House of Cards Mortgage Tips

December 19, 2016 | Posted by: Holly Cochrane

The process of buying a home is an extremely exciting one! However, remember to slow down and get some adivce. This is a big purchase and you should take time to make sure you are making the right cho ... [read more]

Mortgage rates are on the rise, ever wonder why?

Mortgage rates are on the rise, ever wonder why?

December 8, 2016 | Posted by: Holly Cochrane

Here's a great article that explains why rates have been increasing over the past several weeks.  Now more than ever, it is important to ensure that you have a rate hold in place if yo ... [read more]

Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!

Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!

November 28, 2016 | Posted by: Holly Cochrane

Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more. If you bought your home more than a few years ago, you could probably benefit from a refinance ... [read more]

Should You Spend the Full Mortgage Amount You're Approved For?

Should You Spend the Full Mortgage Amount You're Approved For?

November 21, 2016 | Posted by: Holly Cochrane

Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ... [read more]

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