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calgary mortgage: 5 common reasons to give your mortgage the annual checkup - 01/21/10 07:37 PM
A mortgage isn't something you sgn once very few years and then forget about it. As we all know, life can change substantially in a year, and a regular review can help ensure that your mortgage is still the right fit for your financial situation. 5 common reasons to revisit your mortgage: - Lowering monthly payments: Renegotiating for a lower interest rate. - Paying down your mortgage faster: If you receive extra cash like tax refund, work bonus, think about putting it toward your mortgage. - Debt consolidation: transferring high-interest credit cards, car loans into your mortgage at lower interest rate.
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calgary mortgage: Things to consider before buying condo. - 01/06/10 08:41 PM
There have been a lot of changes over the past few years in a condominium market in Calgary. Fueled by a sadden demand about 3 years ago builders reacted by starting a number of a new large projects, especially high rise condominiums in downtown. Lots of condos were bought by investors and that created oversupply. Because of the economic downturn some of the projects were put on hold or cancelled which somewhat leveled supply and demand. According to statistics Calgary market is absorbing about 180 newly-built condos per month and about 400 unit on resale market. This means that buyers who
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calgary mortgage: Will rates go up early next year? - 12/21/09 12:33 PM
National Bank Financial has indicated the central bank might begin raising its target rate, at 0.25%, in early 2010, all the way to 1.5% by the end of next year. "Obviously, the difficult part of the Bank of Canada's exit strategy will be deciding when to raise the official rate and at what pace," said the NBF team, led by chief economist and strategist Stefane Marion. "Pressure to begin normalizing monetary policy before mid-2010 could well mount. In particular, sustained employment recovery would spell an end to the ultra-expansionist monetary policy ahead of plan." Will central bank keep its target rate at
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o k
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