The Tribe Blog
Buying Your First Home? Check Out these Incentives & Rebates
As a first-time homebuyer, you can use all the financial help you can get! That’s why it’s important to be aware of the various programs available to offset homebuying costs as well as help fund your down payment, which can prove challenging. 5 Key Programs to Keep in...
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Bank of Canada Rate Announcement Mar 6th, 2019
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. Recent data suggest that the slowdown in the global economy has been more pronounced and widespread...
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Consolidate Your High-Interest Debt into Your Mortgage
Debt is a big concern for many Canadians, especially since the cost of living is often rising quicker than our salaries. Although we do our best to be fiscally responsible and smart money managers, it isn’t always easy. Unforeseen circumstances and life situations...
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Own a Newly-Built Home? Don’t Forget About the Warranty!
Own a Newly-Built Home? Don’t Forget About the Warranty! If you’ve purchased a newly-constructed home, it goes without saying that everything – from the construction materials to plumbing and electrical systems – is new. Nevertheless, this doesn’t rule out the...
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We Care About Affordable Homeownership
The path to homeownership can be both extremely exciting and a bit overwhelming all at once. To help guide you through the entire homebuying and mortgage processes, it’s important to be able to rely on the expertise of a professional mortgage broker or agent. As...
read moreThree Important Mortgage Features You Need To Know
Congratulations, you’ve decided to purchase your first home! So, now what? How do you make your dream of homeownership a reality? Your first step is to talk to an experienced mortgage agent who will outline all the important aspects of a mortgage and answer any...
read moreYour Work Makes You Happier Than You Think
While we may think we dislike our work, research shows we’re considerably less happy doing nothing. The great paradox of working for a living, according to a recent longread by Derek Thompson for The Atlantic, is “that while many people hate their jobs, they are...
read moreCan’t Find the Perfect Property In Your Price Range?
You're pre-approved for a mortgage, you've been shopping with location in mind, but unfortunately the perfect property isn't jumping out at you. There is no doubt about it, finding the perfect property (within your price range) is a difficult task, especially for...
read moreYour Work Makes You Happier Than You Think
While we may think we dislike our work, research shows we’re considerably less happy doing nothing. The great paradox of working for a living, according to a recent longread by Derek Thompson for The Atlantic, is “that while many people hate their jobs, they are...
read moreCan’t Find the Perfect Property In Your Price Range?
You're pre-approved for a mortgage, you've been shopping with location in mind, but unfortunately the perfect property isn't jumping out at you. There is no doubt about it, finding the perfect property (within your price range) is a difficult task, especially for...
read moreBank of Canada Rate Announcement Jan 9th, 2019
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. The global economic expansion continues to moderate, with growth forecast to slow to 3.4...
read moreA Conversation About Mortgage Pre-approvals
Thinking of buying a property, but don't know where to start? Well... that's where a mortgage pre-approval comes in. Start here. Just like you wouldn't go into a restaurant without having enough money to buy your meal, so you shouldn't start shopping for a home...
read moreCan I Give Someone The Downpayment to Buy My House?
Although it might not always be this straightforward, the question "Can I give someone the downpayment to buy my house?" presents itself in many different ways. And the answer to all of them is no, well... except in one circumstance, but we will get to that later....
read moreShould You Keep a Small Balance on Your Credit Card?
Recently the good people over at Nest Wealth published an article called "The Worst Money Advice We've Ever Heard". On the list was "Always keep a small balance on your credit card". What they have to say on the subject is spot on: Someone, somewhere, starting telling...
read moreBank of Canada Rate Announcement Dec 5th, 2018
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. The global economic expansion is moderating largely as expected, but signs are emerging that trade...
read moreI Missed a Credit Card Payment… Now What?
If you've missed a payment on your credit card (or line of credit) and you're wondering how this will impact your creditworthiness down the road, this article is for you. But before we get started, if you have an overdue balance on any of your credit cards at this...
read moreAs Simple as Porting Your Mortgage!
As simple as porting your mortgage! Said by no one ever. The truth is, there is nothing simple about porting your mortgage. "Porting your mortgage" involves transferring the remainder of your existing mortgage term, outstanding principal balance, and interest rate to...
read moreOnline Mortgage Calculators, Can You Trust Them?
You'd think an online calculator is a pretty straight forward device, one that you should be able to place your full confidence in, and for the most part they are. Calculators calculate numbers, the numbers are reliable, but how you interpret those numbers... not so...
read moreMortgage Documentation, Plan Ahead!
Collecting the right documentation to prove you are a worthy candidate to borrow a lot of money to buy a property can be an arduous task. The most recent government rule changes and tightening of mortgage qualification isn't making things easier. If you seem to think...
read moreMinimum Required Credit Profile
Credit. The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future. When you borrow money to buy a house, you will be required to prove that you have a good history of managing your credit. But what...
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