Does a $500/month car payment affect your mortgage application? You bet! This is what you need to know! If you have questions book a call with me today – chatwithgail.ca
Mortgage Life Insurance vs. Term life Insurance: How do I protect my home investment?
Your mortgage is likely your biggest investment, so is it worth protecting? You bet it is! Nobody wants to think about it, but in the event of a disability or untimely death, having protection in place is invaluable for yourself, your spouse, and remaining family members. It will greatly ease your minds when beginning to […]
Get to Know Your Finances: Bring it Back to Basics
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 […]
How to Achieve Positive Money Mindset for 2023
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 Announcement Dec 7 2022
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 […]
Holiday Spending: How to Budget AND Enjoy the Season
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 […]
Bank of Canada Announcement Oct 26 2022
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 […]
House Flipping: The Five Biggest Mistakes Investors Make
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 […]
Relocating? This is what 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 a Mortgage: What you Need to Know
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!