Mortgage Tips Shaun Serafini 18 Aug
When it comes to mortgages, it is easy to focus on the rates and your current situation, but the reality is that life happens and when it does, rates won’t be the only thing that matter. Trust me. In my experience doing mortgages, the one constant that I can tell you is that “life […]
Read MoreMortgage Tips Shaun Serafini 25 Sep
“A Variable rate mortgage? Too risky for me!!” This is probably one of the most frequent, and most costly misconceptions I see in mortgages. The true risk of a mortgage is in erosion of a family’s net worth. I’m not talking erosion caused by a $25-50 change in a person’s payment when Bank Prime rate […]
Read MoreGeneral Shaun Serafini 20 Mar
When we tie the knot with a soulmate, we assume it’s going to be forever. It’s pretty much written in the vows. Unfortunately not all marriages have fairytale endings. In fact, a significant amount of marriages in Canada end in divorce. The most recent data suggests 38 per cent of all marriages in Canada don’t […]
Read MoreMortgage Tips Shaun Serafini 25 Jan
Ask pretty much anybody about mortgages and the first, sometimes only thing they want to talk about is the interest rate. In my business as a Mortgage Professional, my job is to educate clients that while interest rate is definitely a cornerstone of your mortgage decision, it is not the only factor to consider when […]
Read MoreLatest News Shaun Serafini 19 Oct
Another set of Canadian mortgage rule changes was announced this week and these changes hurt. A lot! When is our Federal Govt going to realize that national policy aimed at “cooling off” prices in two major markets is hurting far more people / stakeholders than it’s helping? There’s prudent policy and then there’s crushing the […]
Read MoreLatest News Shaun Serafini 7 Jul
You may have heard rumblings of mortgage rate increases recently. As a mortgage broker, I can always tell when media have published their frequent “Lock in your Rate or Doom” headlines. We have received quite a few calls and emails over the past week or so from clients concerned that their mortgage rate / payment […]
Read MoreMortgage Tips Shaun Serafini 22 Jun
While most people know the main things they need to buy a home, such stable employment and enough money for a down payment, there are a few other factors that may help you realize you’re ready, perhaps even earlier than you thought! As a Lethbridge mortgage broker serving the city and the surrounding areas, it […]
Read MoreMortgage Tips Shaun Serafini 20 May
As a trusted Lethbridge mortgage professional serving Lethbridge and the surrounding areas, I am frequently asked by clients whether they should refinance their current mortgage. People typically ask this question because they have heard that they can lower their monthly payments or that mortgage rates have fallen and they’d like to take advantage of the […]
Read MoreGeneral Shaun Serafini 10 May
No Doesn’t Always Mean No in Lending – Lethbridge Mortgage Blog Last week, new clients of mine took possession of an awesome new home for their family. Despite being sound in all aspects financially, these guys had been told “No” on a mortgage by several banks and brokers alike. The main factor was that one […]
Read MoreMortgage Tips Shaun Serafini 31 Mar
Ah yes, the age-old ‘Fixed vs Variable’ debate when it comes to mortgages… Analysis from one of our top lenders: “There is the notion that the big, trend-setting lenders will be looking to move (fixed) rates up to bolster profits. As well, Bank of Canada Governor Stephen Poloz has hinted he might be willing to let […]
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