Change is inevitable. We have experienced change for the past few years and have learned to adapt to the world in which we are living. Getting control of your finances is about going back to basics and looking at what changes need to be made. Know your Income Vs Expenses If you haven’t already, take […]
Your money mindset and relationship to money will significantly influence your financial decisions. The goal at Gail Sylvester Mortgages is always to make sure you sleep well at night by making calculated decisions that get you one step closer to your financial goals. If your financial decisions and payments are keeping you up, it is […]
The Bank of Canada raised its key lending rate by 0.50% today. This is the 7th consecutive increase by the Bank of Canada and means most lenders will raise their prime rate to 6.45% 💰What does this mean for you? Let’s review our short video. While the lending rates are changing, there are always options […]
During the holiday season, it is tempting to throw caution to the wind and spend money on gifts, gatherings, and entertainment with the I’ll deal with it in January attitude. Spending without a budget can be fun in the moment, but when January rolls around and the bills start to come in, it can be […]
The Bank of Canada raised its key lending rate by 0.50% today. This is the 6th consecutive increase by the Bank of Canada and means most lenders will raise their prime rate to 5.95% This is an increase of $26 for every $100,000 of your mortgage. We are in unprecedented times with persistent inflation that […]
With the recent market shifts, investors may be tempted to buy a home at a reduced rate with the intention of flipping the house. This can be an exciting proposition and an excellent way to turn a profit, but if you are not an experienced investor, there are a few things you need to know […]
Is your employer asking you to relocate? If so, we can help. You can still qualify for a mortgage – let me tell you how to do it!
Porting your mortgage is a great thing but did you know that you have to re-qualify at the current rates? Let me break it down for you!
What do you know and what do you need to know about mortgage penalties? Let’s discuss! The one thing I encourage is you learn all your options despite the penalties before you make any decisions.
Have you heard the expression – Buy Low, Sell High? This quote often refers to trading on the stock market but can also be applied to real estate with the fluctuations in the market. As the real estate market continues to report lower year-over-year prices, it could be the time to strike if a rental […]