Our Blog

Category: Mary's Mortgage Musing's (18 posts)

  • July 13, 2022 @ 6:59 PM
  • Posted by Mary Poburan

Rates are rising...Is the sky falling?

 So here we are July 13, 2022 and today's announcement brings our Prime lending rate to 4.7% . We knew rates were going up and all expectations were pointing to a .75 basis point hike but as evid

  • March 3, 2021 @ 11:48 PM
  • Posted by Mary Poburan


Rates are changing…What do I do?   In the last 6 months we have been graced with rates never before seen in history. Interest rates for 5 year mortgage terms have ranged from 1.59-1.89%(

  • September 29, 2020 @ 2:59 PM
  • Posted by Mary Poburan

Credit Score Tips

Important credit score tips There’s a virtual credit file with your name on it! When it comes time to take out a mortgage, that file gets opened and the result is a credit score that will hel

  • March 27, 2020 @ 6:18 PM
  • Posted by Mary Poburan

What is REALLY happening with Rates?

The question I get on a daily basis is “My mortgage is up for renewal in a year, a few months, in 3 years etc…with rates so low should we look at renewing now or refinancing to get an eve

  • May 21, 2019 @ 3:51 PM
  • Posted by Mary Poburan

We love the house but....

PURCHASE PLUS IMPROVEMENT FINANCING You’ve found the perfect house in the right location but unfortunately it needs some work. Perhaps the flooring and kitchen are dated. Maybe the roof and win

  • January 19, 2018 @ 10:30 AM
  • Posted by Mary Poburan

It's Really Not That Bad

It's NOT AS BAD AS IT MAY SEEM...Ok. I have always been pragmatic about issues. We all know rates are rising. The concern now is for anyone who has a mortgage maturing in 2018. What now? Well its no

  • November 15, 2017 @ 12:38 PM
  • Posted by Mary Poburan

Obsessed By Numbers

  Unfortunately in today’s society we are obsessed by numbers. The bigger the better right? Size matters? Well, in the lending world a number that seems to get a lot of attention (too much

  • November 7, 2017 @ 11:55 AM
  • Posted by Mary Poburan

All Rates are NOT the Same...

WHAT IS YOUR BEST 5 YEAR RATE?   The most common inquiry I get  is 'what is your best 5 year rate ?' At the best of times this is a challenging question to answer since all lenders have va

  • August 16, 2016 @ 7:33 PM
  • Posted by Mary Poburan

A Gift of Down Payment

  Down payment in many cases can come from a gifted source. You will still need to have some of your own money saved for closing costs such as legal fees, tax adjustments and moving. Lenders don

  • August 9, 2016 @ 10:49 AM
  • Posted by Mary Poburan

PDF's Please...

    In an electronic age documents are now mainly provided via email as even Faxing is taking a back seat to document delivery. It is amazing how many documents I receive in Jpeg format an

  • July 13, 2016 @ 4:50 PM
  • Posted by Mary Poburan

Solving The Income Puzzle

Solving The Income Puzzle...   Proving income is going to continue to get harder as lending rules evolve. Very rarely do we see the standard 40 hour work week with no variance in pay anym

  • July 7, 2016 @ 5:30 PM
  • Posted by Mary Poburan

Don't forget to pay that cell phone Bill!!

Guard your credit! Recently Equifax introduced a new scoring system for a client's credit history. It is rewarding good credit with excellent scores and weaker credit with less than favorable scores

  • July 7, 2016 @ 5:28 PM
  • Posted by Mary Poburan

Hang on and Enjoy the Ride...

It's been tough start to the summer when it comes to lending...a new Equifax scoring system introduced recently, has created some challenges for borrowers who have bruised credit. What was previousl

  • February 9, 2016 @ 8:02 PM
  • Posted by Mary Poburan

The Offer is signed and Accepted and Now its up to the FINANCING!

The offer is Signed and Accepted and Now it is up to the FINANCING!!!   The Real Estate Market is an ever changing beast. In speaking with seasoned professionals, they tell me that they too str

  • September 9, 2015 @ 2:14 PM
  • Posted by Mary Poburan

The Bumpy Road home from Bankruptcy

Life is unpredictable and sometimes there are no alternatives to Bankruptcy. If that is your path, is there any hope to future home ownership?That is a tough question to address. The rules regarding f

  • October 17, 2014 @ 7:06 PM
  • Posted by Mary Poburan

Tax Adjustments...What are They?

TAX ADJUSTMENTS...What are they?In Alberta we are very fortunate to have minimal costs when buying a home. Part of the approval process includes verifying 1.5% in Closing costs and thankfully apart fo

  • May 1, 2014 @ 7:26 PM
  • Posted by Mary Poburan

Challenge of The Day

Challenge of the Day...INCOME CONFIRMATION: How do you get paid? Do you receive a Salary or a wage? How long have you been working in the capacity that you are in? Did it change? When?Do you have gu

  • February 11, 2013 @ 5:45 PM
  • Posted by Mary Poburan

If At First You Don't Succeed....Call A Broker!

If At First You Don’t Succeed….Call A Broker!                   Ideally this should say, “If you wa