General Trish Pigott 19 Oct
The First Home Savings Account (FHSA) is a registered savings plan introduced by the federal government in 2022. An FHSA is designed to help you save for your first home tax-free and help you reach your vision of owning a home faster! What is a First Home Savings Account (FHSA)? An FHSA combines some of […]
Read MoreGeneral Trish Pigott 18 Oct
As our economy shifts and the Bank of Canada is trying to slow inflation with the continuous rate hikes over the past 18 months, we are at a very different time in the mortgage market, especially for those facing a mortgage renewal. With over 50% of mortgages in Canada coming due in 2025 and 2026, […]
Read MoreGeneral Trish Pigott 10 Oct
Many Canadians consider downsizing during their retirement years. Once their children have left the nest, the choice seems obvious: relocate to a smaller residence or a more affordable town and capitalize on the price difference. For many retirees, the funds from the sale of their home can significantly impact their overall lifestyle and financial well-being. […]
Read MoreGeneral Trish Pigott 4 Oct
Exciting news for First national clients! Imagine beginning the new year with an extra $20,000 towards your mortgage – a substantial boost that can truly make a difference. With such financial momentum, the possibilities are endless, and dreams can become reality. If you have your mortgage with First National, then you are a lucky one […]
Read MoreGeneral Trish Pigott 27 Sep
As you may have heard, The Bank of Canada’s policy rate was 5% as of September. The recent rate hikes over the spring and summer have slowed the housing and mortgage markets as the rise in mortgage rates unsurprisingly spooked potential buyers. More recently, fixed-rate loans have become more expensive because of the increase in […]
Read MoreGeneral Trish Pigott 13 Sep
Financial independence is a critical skill for future success that your children will not learn anywhere else. Not only does financial literacy help your children have more success in life, but it allows them to move out sooner, and it avoids delaying your retirement with additional expenses to support them. So, how do you teach […]
Read MoreGeneral Trish Pigott 6 Sep
Today the Bank of Canada announced a pause in their rate hikes, leaving its policy unchanged. Which also means no change to current mortgage payments if you have a Variable Rate Mortgage. The central bank followed this announcement with a statement, saying that they are “prepared to increase the policy interest rate further if […]
Read MoreHome Tips Trish Pigott 30 Aug
More buyers are coming off the sidelines and looking to enter the market. Prices are high, so protecting your investment and home is more important than ever. What insurance will you need to protect your new home? A quick Google search will turn up title and home insurance entries. They each protect consumers but from […]
Read MoreHome Tips Trish Pigott 23 Aug
Although most credit card interest rates have not been affected by the recent surge in the prime lending rate, the fact remains that credit card debt is usually the most expensive debt you can have. The average is around 20%, and even the so-called ‘low interest’ cards carry a rate above 10%. Expediting the demise […]
Read MoreMortgage Tips Trish Pigott 16 Aug
While not the only factor to consider when choosing a mortgage, interest rates remain one of the more prominent decision criteria with any mortgage product. Understanding how mortgage rates are determined and the differences between your typical fixed-rate and variable-rate options can help you make the best decision to suit your needs. How Rates Are […]
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