Mortgage Tips Trish Pigott 9 Jun
In life, things rarely go as planned. This is especially true when it comes to real estate, so we have bridge financing to help us. When it comes to buying a new home, most of us would like to take possession of it before having to move out of the old one. This makes moving […]
Read MoreLatest News Trish Pigott 3 Jun
Bank of Canada Announcement On Wednesday, the Bank of Canada (BoC) increased it’s prime interest rate by 0.50%. As mentioned in our previous blog post, this has been widely expected since April. This change affects variable rate mortgage holders, home equity lines of credit and any loans that are attached to the bank’s prime lending […]
Read MoreGeneral Trish Pigott 31 May
This has been an exciting month for us! Primex turned 12 on May 1st and we have spent the month celebrating and reminiscing on the last 12 years. We have accomplished so much as a team, receiving numerous awards and recognition in our industry and the community, which has us in the top 2% of […]
Read MoreLatest News Trish Pigott 25 May
Looking for a market update? You’re not the only one! The real estate market is a bit more relaxed than it has been in recent months, allowing people to make decisions on buying and selling under less pressure. You are probably hearing about drastic price drops in the media, which instills fear in many homeowners […]
Read MoreGeneral Trish Pigott 17 May
Does the idea of saving money and having financial freedom seem impossible? The average Canadian owes $23,000 in consumer debt and has at least 2 credit cards*. If you live paycheque to paycheque, this may be you. But experts in financial education point out that no matter your income, a few changes to the way […]
Read MoreMortgage Tips Trish Pigott 19 Apr
We often get caught up using mortgage jargon that is not a part of your everyday vocabulary. Some terms that are commonly used in our industry are listed below. Amortization Period This is the number of years it will take to repay the entire mortgage in full. A longer amortization period will result in lower […]
Read MoreGeneral Trish Pigott 19 Apr
A down payment is one of the most essential aspects of every mortgage application and new home purchase. Here are a few things to keep in mind while getting it prepared. The Source of the Down Payment Most home buyers are aware that they will require a certain amount of money for a down payment. […]
Read MoreGeneral Trish Pigott 8 Apr
Analysts are predicting another rate increase to the prime rate on April 13, 2022, with a few more to follow in the remainder of the year. Many variable rate mortgage holders have concerns, asking if they should lock in or take a fixed rate on a new mortgage. If you are shopping for a mortgage […]
Read MoreGeneral Trish Pigott 5 Apr
Moving to a larger house is not the only time that things can change with your home and mortgage. Sometimes there comes a point when owning a home becomes a little too much to handle. Perhaps your children have moved out and you no longer need those three extra bedrooms. Whatever the reason, downsizing is […]
Read MoreMortgage Tips Trish Pigott 31 Mar
We recommend getting a pre-approval to have the best success with your mortgage. This can be done through us, to ensure that you get the best mortgage product FOR YOU; from the best rate to the best term agreement. Benefits of Getting a Pre-Approval While getting pre-approved might sound boring (and you might be asking […]
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