Mortgage Blog

Mortgages Fit For You

Category: First Time Home Buyers (40 posts)

Mortgage and Emotional Health - Can Buying a Home Make You Feel Better?

Mortgage and Emotional Health - Can Buying a Home Make You Feel Better?

July 6, 2020 | Posted by: Ron Chan

“Uncertainty” seems to be the keyword of 2020 thus far, and that has weighed heavy on the emotional wellbeing of people throughout the world, Winnipeg included. While mental health as a ... [read more]

Winnipeg Real Estate News Updates - May 2020

Winnipeg Real Estate News Updates - May 2020

May 8, 2020 | Posted by: Ron Chan

We’re passed the midpoint of the spring season which means it’s time for a news update as it applies to the mortgage and real estate market in Winnipeg Manitoba. Despite all that has b ... [read more]

Mortgage During Coronavirus - Why a Broker is Important

Mortgage During Coronavirus - Why a Broker is Important

April 20, 2020 | Posted by: Ron Chan

We look forward to the moment when we no longer have to address the coronavirus health crisis in our discussions about buying a home in Winnipeg. But alas, we’d be remiss if we ignored the ele ... [read more]

Mortgage During Coronavirus - How Winnipeg is Resilient

Mortgage During Coronavirus - How Winnipeg is Resilient

April 4, 2020 | Posted by: Ron Chan

A lot of households throughout the greater Winnipeg area were planning on getting a mortgage just before the health crisis made landfall on Canadian soil. Many still want to, but are wondering if it ... [read more]

5 Biggest Wastes of Money - Why Get a Mortgage Instead

5 Biggest Wastes of Money - Why Get a Mortgage Instead

March 9, 2020 | Posted by: Ron Chan

It’s March. Data shows that by now over 80 percent of households have abandoned their prior New Year resolutions. Among those goals was to stop spending money on unnecessary things and instead ... [read more]

Buying a Home in the Spring 2020 - Panic Grows Purchasing Power

Buying a Home in the Spring 2020 - Panic Grows Purchasing Power

March 3, 2020 | Posted by: Ron Chan

This is not going to be a commentary on the health concern that has much of the world on edge. Nor will we discuss whether or not the media is capitalistically enticing views and clicks by whipping ... [read more]

Mortgage Stress Test Canada - 2020 Changes Good for New Buyers

Mortgage Stress Test Canada - 2020 Changes Good for New Buyers

February 25, 2020 | Posted by: Ron Chan

This month (February 2020) the Canadian government announced changes to the stress test rate for insured mortgages. Given a lack of experience in the market, new buyers may not know what this means. ... [read more]

Winnipeg Real Estate News Updates - Winter 2020

Winnipeg Real Estate News Updates - Winter 2020

February 3, 2020 | Posted by: Ron Chan

We’re over a month into 2020 which means it’s time for another update regarding mortgage rates and real estate in Canada, especially as it applies to our neck of the woods - Winnipeg. Th ... [read more]

Mortgage Broker or Real Estate Agent / Realtor First?

Mortgage Broker or Real Estate Agent / Realtor First?

January 28, 2020 | Posted by: Ron Chan

Most first time homebuyers know that connecting to a mortgage broker and Realtor (or real estate agent) is a necessary place to begin the purchase process, but there is some confusion regarding the ... [read more]

Practical Mortgage Tips for Newlyweds

Practical Mortgage Tips for Newlyweds

January 22, 2020 | Posted by: Ron Chan

We feel a bit guilty about penning a recent article about getting a mortgage when in the middle of a marriage separation, with Valentine’s Day just three weeks away. To make up for it, we&rsqu ... [read more]

How to Get Money for Mortgage Down Payment - 6 Other Ways

How to Get Money for Mortgage Down Payment - 6 Other Ways

January 14, 2020 | Posted by: Ron Chan

There’s more (much more) where this came from… Even with good credit, getting the cash together for a downpayment on a mortgage is the biggest obstacle. There are countless of tips out ... [read more]

Mortgage Predictions 2020 - For First Time Buyers in Winnipeg

Mortgage Predictions 2020 - For First Time Buyers in Winnipeg

December 28, 2019 | Posted by: Ron Chan

The new year is upon us and all over the greater Winnipeg area prospective buyers are wondering what’s to come before they pull the trigger on new mortgage. Today, we have a few key prediction ... [read more]

DIY Mortgage - Why a Do It Yourself Mortgage is a Bad Idea

DIY Mortgage - Why a Do It Yourself Mortgage is a Bad Idea

December 18, 2019 | Posted by: Ron Chan

It’s not this simple… For starters, let’s not confuse a do-it-yourself (DIY) mortgage scenario with DIY mortgage calculators. You can absolutely manage that part on your own, and ... [read more]

Winnipeg Real Estate News Updates - Winter 2019

Winnipeg Real Estate News Updates - Winter 2019

December 11, 2019 | Posted by: Ron Chan

early winter real estate news, hot off the press 2019 is coming to a close as winter is officially getting started, which means that it’s time for a news update regarding the real estate stat ... [read more]

Scary Things That Can Happen When Buying a House Without a Broker

Scary Things That Can Happen When Buying a House Without a Broker

October 17, 2019 | Posted by: Ron Chan

In continuing with our Halloween season theme (see: should you buy a haunted house) we now take a look at one of the most horrifying things first time buyers can do - securing a mortgage without the ... [read more]

Should You Buy a House With a Basement?

Should You Buy a House With a Basement?

October 3, 2019 | Posted by: Ron Chan

  You’re in the market for a single detached home or townhouse and are wondering if you should seek some extra square footage down under. By the latter we mean a basement (not Australia) ... [read more]

Should I Buy a Condo Before a House

Should I Buy a Condo Before a House

September 7, 2019 | Posted by: Ron Chan

This is a very common question for those entering the real estate market for the first time. On the surface, most first time buyers assume that a condo is the way to go, but there are a few key thin ... [read more]

Winnipeg Real Estate News Updates - Back to School 2019

Winnipeg Real Estate News Updates - Back to School 2019

September 5, 2019 | Posted by: Ron Chan

Labor Day long weekend is over and whether or not you count kids in your household you could use a “back to school” season refresher on real estate / mortgage news in the Greater Winnipe ... [read more]

Should You Buy a House with Your Parents?

Should You Buy a House with Your Parents?

August 19, 2019 | Posted by: Ron Chan

Recent graduates and other young individuals/professionals all over the greater Winnipeg area are looking to take advantage of amazing mortgage rates and very affordable housing prices. However, man ... [read more]

Mid-Summer Mortgage Rates News - Winnipeg Wins Again

Mid-Summer Mortgage Rates News - Winnipeg Wins Again

July 15, 2019 | Posted by: Ron Chan

A month simply can’t go by without a news update about mortgage rates in Canada. Why should it? After all, you’re on the hunt for your first or second home and demand to be informed with ... [read more]

Should You Buy a House Before a Car?

Should You Buy a House Before a Car?

July 4, 2019 | Posted by: Ron Chan

There are two major purchases the typical person makes in one’s life - a car, and a home. The former almost always comes first given the price differential, however does this order actually ma ... [read more]

Why Buy a House in the Summer - What Winnipeg Needs to Know

Why Buy a House in the Summer - What Winnipeg Needs to Know

June 24, 2019 | Posted by: Ron Chan

You may have heard that the summer is not a great time to buy a house. However, the reason for saying this is steeped in the fact that there tends to be a greater number of buyers on the market, inf ... [read more]

How to Afford a First Home When You Think You Can’t

How to Afford a First Home When You Think You Can’t

June 18, 2019 | Posted by: Ron Chan

Interesting title, right? But it’s true, as all over the city there are individuals and young couples (etc) who are under the assumption that they can’t afford a first home, when with so ... [read more]

Mortgage Rates - News Winnipeg Buyers Are Excited About (again)

Mortgage Rates - News Winnipeg Buyers Are Excited About (again)

May 30, 2019 | Posted by: Ron Chan

It’s time for another news update, and with the summer season around the corner things are looking brighter than ever for new buyers in the Winnipeg market. In fact, even those who have been s ... [read more]

Getting a Mortgage After University - What You Need to Know

Getting a Mortgage After University - What You Need to Know

April 16, 2019 | Posted by: Ron Chan

Spring convocation for the University of Winnipeg (and other institutions) is coming up fast and while some are taking the opportunity to backpack across the country or world before settling into th ... [read more]

Winnipeg Real Estate News on Mortgage Rates Gets Even Better

Winnipeg Real Estate News on Mortgage Rates Gets Even Better

April 10, 2019 | Posted by: Ron Chan

Once again we find ourselves interrupting our regularly scheduled programming (blog) with breaking news about the Winnipeg real estate market and mortgage rates. And once again, the reports are espe ... [read more]

Spring Mortgage - Tis the Season to Buy a Home?

Spring Mortgage - Tis the Season to Buy a Home?

February 26, 2019 | Posted by: Ron Chan

  Spring is the season of renewal. While this may seem like a set up to discuss mortgage renewals, we’ll save the cheeky lead-ins for another time and instead shift focus to first time hom ... [read more]

3 New Year Resolutions a Mortgage Broker Can Help You Accomplish

3 New Year Resolutions a Mortgage Broker Can Help You Accomplish

December 20, 2018 | Posted by: Ron Chan

2019 is upon us and like most of the population you have a slate of new year resolutions that you actually hope to accomplish this time around. But did you know that studies show approximately 80% o ... [read more]

Why Buy a Home Now in Winnipeg - Winter 2018-19 Season

Why Buy a Home Now in Winnipeg - Winter 2018-19 Season

December 12, 2018 | Posted by: Ron Chan

Both the end of any given year and the new one to begin gives people time to pause and make some big decisions. Yes indeed, the winter is a major transition season for many households and one big th ... [read more]

How to Get an Affordable Mortgage

How to Get an Affordable Mortgage

December 5, 2018 | Posted by: Ron Chan

Perform a Google search for “how to get an affordable mortgage” and you’ll find a list of lenders and brokers all pointing you to their mortgage calculators. That’s not exact ... [read more]

Getting a Mortgage After Starting a New Business

Getting a Mortgage After Starting a New Business

August 22, 2018 | Posted by:

Starting a new business is an exciting time in your life (especially if it’s your first) but at the same time it can be a somewhat scary prospect. The latter is the case not just because of th ... [read more]

Getting a Mortgage After Starting a New Job

Getting a Mortgage After Starting a New Job

August 10, 2018 | Posted by:

There are a lot of questions and concerns about getting a mortgage after beginning a new job. With Winnipeg being one of the faster growing cities in the country, there are a lot of new arrivals com ... [read more]

Winnipeg Mortgage and Real Estate News Updates - July 2018

Winnipeg Mortgage and Real Estate News Updates - July 2018

July 19, 2018 | Posted by:

  Now that we’ve just passed the midpoint of July (and reached the midpoint of the summer season) it’s time for another important Winnipeg real estate news update for those of you wh ... [read more]

Millennials of Winnipeg - What You Need to Know About Getting a Mortgage

Millennials of Winnipeg - What You Need to Know About Getting a Mortgage

June 20, 2018 | Posted by:

So you’re a millennial, born somewhere between 1981 and 1996, and aged 22 to 37, which puts you in a pretty broad category, perhaps too much so for any supposed expert to draw a firm conclusio ... [read more]

Best Time of the Year to Get a Mortgage in Winnipeg

Best Time of the Year to Get a Mortgage in Winnipeg

May 8, 2018 | Posted by:

After weighing both the typical and not-so typical considerations over whether or not you're ready to enter into a mortgage, you have come to the conclusion that you are indeed ready to bu ... [read more]

The Other 5 Ways to Know If You're Ready for a Mortgage

The Other 5 Ways to Know If You're Ready for a Mortgage

May 4, 2018 | Posted by:

Last week, you were asked to consider the four main things to indicate that you're ready for a mortgage in Winnipeg. The article discussed downpayments, monthly payments and mortagge rates, real est ... [read more]

How to Know If You Are Ready for a Mortgage in Winnipeg

How to Know If You Are Ready for a Mortgage in Winnipeg

April 30, 2018 | Posted by:

It's the question everyone inevitbaly asks themselves, 'Am I ready for a mortgage?'. Like the decision to get married, or have kids, it may seem like there are other pieces of the puzzle that need t ... [read more]

Condo Mortgage Winnipeg - Things to Consider

Condo Mortgage Winnipeg - Things to Consider

April 11, 2018 | Posted by:

A condominium is often the first home purchase for many across Canada, Winnipeg included. On the surface, it's often the most affordable option, but there are many reasons people opt for a condo ove ... [read more]

In Canada First-time homebuyers can tap their RRSPs to help with a home purchase

In Canada First-time homebuyers can tap their RRSPs to help with a home purchase

February 20, 2018 | Posted by:

Thinking about buying your first home? Wish you had saved up a good down payment? Maybe you have, but didn’t know it. Designed to help first-time buyers get into home ownership, the federal Ho ... [read more]

First Time Home Buyer in 2014? Want to Make up $750...read this

First Time Home Buyer in 2014? Want to Make up $750...read this

February 6, 2015 | Posted by:

Did you know, the Canadian federal government created the First-Time Home Buyers' Tax Credit (HBTC) to help with the purchase of a first home? Through this initiative the HBTC helps first-time buyers ... [read more]

Ron Chan
Ron Chan
Winnipeg, Mortgage Specialist
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