Rick Bedard Mortgages

01/26/2021

There are some common pitfalls among many first-time buyers who don’t seek out professional advice and guidance.

When you work with a Mortgage Broker, you get the education you need to make informed decisions throughout the homebuying process. Knowledge is power and it’s best to get that knowledge as early in the process as possible.

Are you getting ready to jump into homeownership? Let's have a conversation to make sure your experience is efficient, cost effective and, above all, successful!

01/18/2021

How optimistic are you?

More Canadians believe in the strength of the housing market than they do in the overall economy, according to a new RBC report.

01/11/2021

RRSP contribution limits and more...

If you want to know your RRSP contribution limit, there's no better time than the present to figure out the details. Here's what you need to know.

01/06/2021

An annual mortgage checkup is an important stepping stone for long-term success. It will help make sure you’ve:

✅ determined if you can take advantage of today’s ultra-low pandemic rates;

✅ looked at maximizing your mortgage principal reduction;

✅ consolidated debt for one manageable payment, improved cash flow, and interest savings (if you have enough equity); and,

✅ accessed the lowest-cost funds for large looming expenses.

I'll help make sure your mortgage incorporates what may be ahead: it could pay big dividends and is the best way to get you where you’re going in your financial future. Book a consultation today!

12/30/2020

Will prices go up or down? How about rates? Here are some predictions... but nobody can say for certain what the future holds. Stay focused on your goals – and get in touch for expert mortgage advice tailored to your situation.

Find out what Canada's real estate experts anticipate for the year ahead

12/28/2020

This is good info for anyone planning to buy their first home.

Irene and her partner want to buy a house with savings, some help from her dad and a mortgage from an alternative lender. What are the implications?

12/15/2020

If you need help polishing your score so you can qualify for the best rates, get in touch.

The bottom line is, the lower your credit score is, the more consequences you're likely to experience. Before applying for a mortgage, you may want to consider improving it.

12/09/2020

The Bank of Canada has announced it is maintaining the benchmark rate, noting that Canada’s economic recovery will continue to require extraordinary monetary policy support. The Bank says it will hold the policy interest rate at the effective lower bound until economic slack is absorbed so that the two per cent inflation target is achieved, which the Bank doesn’t expect to happen until sometime in 2023.

The next rate-setting day is January 20th, 2021.

➡️ The beginning of the new year will be a great time to get in touch for a review of your mortgage strategy. It's important to get advice and a personal assessment of your situation if you want to switch your mortgage for a lower rate, need a new mortgage, are renewing or looking to refinance for debt consolidation, renovations or other large expenditures.

12/01/2020

⚠️ Don't become a victim of fraud ⚠️

Don't be a victim for a CERB scam, CRA fraud or something else. Fraudsters have stolen more than $37 million from Canadians this year.

11/20/2020

What's the first thing you should do when you get your mortgage renewal?

✅ Get a second opinion!

Regardless of how loyal you are to your bank, they still may quote you a non-discounted rate. And even if they offer you a better rate when you question it, is that how you want to be treated?

It just makes good common sense to get a second opinion so that you can make sure you are getting the best deal possible. At renewal, you can renegotiate everything pertaining to your mortgage – with no penalties – which means this is an important moment of opportunity.

If your renewal is coming up in the next 9 months, get in touch!

11/17/2020

Winter is coming ❄️

When the leaves turn, the battle over the thermostat begins. This year, skip the debate over temperature and learn how to keep warm without blasting the heat.

11/14/2020

Cash Back Mortgage rates are lower than they have typically been, causing an upswing in use by first-time home buyers. Getting 3% cash back of the total mortgage amount can be a big financial boost and provide much-needed breathing room after closing on the most expensive purchase most people make. The funds can help pay for things like closing costs, renovations, and moving costs.

Interested in learning more? Let's discuss whether a cash-back mortgage fits your needs.