Mortgage Blog
Category: Mortgages (25 posts)
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: ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 moreWhat 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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 moreTake 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 ...
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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 ...
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