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Category: Financing (20 posts)
Refinancing for Debt Consolidation in Edmonton: Is It Worth It?
June 11, 2025 | Posted by: Jeff Chin
If you're carrying multiple debts, credit cards, lines of credit, car loans, it can feel overwhelming. High interest rates, multiple due dates, and the mental load of juggling payments can make it har ...
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5 Smart Ways to Use Home Equity in Edmonton Without Risking Your Home
June 4, 2025 | Posted by: Jeff Chin
As Edmonton’s real estate market continues to appreciate, more homeowners are discovering the financial potential of tapping into their home equity. But before you borrow against your property, ...
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How Rising Home Values in Edmonton Can Help You Refinance
May 28, 2025 | Posted by: Jeff Chin
Edmonton’s real estate market has experienced a steady appreciation in home values over the past few years. For homeowners, this isn't just good news on paper; it can directly improve your finan ...
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When Is the Right Time to Refinance Your Home in Edmonton?
May 13, 2025 | Posted by: Jeff Chin
Refinancing your home in Edmonton can be a smart financial move—but only if the timing is right. Whether you're aiming to reduce your monthly payments, access home equity, or switch from a varia ...
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Can I Borrow from My Home Equity Without Refinancing? (Edmonton Guide)
May 11, 2025 | Posted by: Jeff Chin
For many homeowners in Edmonton and the surrounding areas like St. Albert, Sherwood Park, Leduc, and Spruce Grove, rising home values have unlocked a valuable financial asset: home equity. If you&rsqu ...
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The Ultimate Guide to Refinancing in Edmonton
April 9, 2025 | Posted by: Jeff Chin
If you're a homeowner in Edmonton, you've probably heard about refinancing — but maybe you’re not quite sure if it’s the right move for you. Whether you’re looking to lower you ...
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Unlock Your Home’s Value with Home Equity Bank in Edmonton
April 2, 2025 | Posted by: Jeff Chin
As homeowners in Edmonton look for smarter ways to finance retirement, fund large expenses, or enjoy more flexibility with their finances, Home Equity Bank has emerged as a trusted solution. If you're ...
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Understanding Capital Gains in Canada
November 11, 2024 | Posted by: Steven Boodoo
What Are Capital Gains? Capital gains refer to the profit you earn when you sell a capital asset-such as property or investments-for more than its original purchase price. For example, if you bough ...
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7 Financial Tips for People Looking to Buy an Investment Property in Canada
July 19, 2024 | Posted by: Steven Boodoo
Investing in real estate can be a powerful way to build wealth, but it's essential to approach it with a well-thought-out strategy. Here are seven financial tips to help you purchase an investment pro ...
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Tips for Improving Your Credit Score Before Applying for a Mortgage
November 1, 2023 | Posted by: Steven Boodoo
Tips for Improving Your Credit Score Before Applying for a Mortgage For many people, buying a home is a significant milestone in their lives. However, getting approved for a mortgage is ...
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Bank Of Canada Rate Update June 7, 2023
June 7, 2023 | Posted by: Steven Boodoo
Bank of Canada raises policy rate 25 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 4.75%, with the Bank Rate at 5% and the ...
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A Six-Step, Back to Basics Financial Plan for Most Every Canadian
November 21, 2022 | Posted by: Steven Boodoo
It's a tough time to know what the right financial move is at the moment. Interest rates are increasing, while stocks are in bearish territory. It's easy to forget that there are smart things that you ...
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What are credit scores and how are they important?
September 1, 2021 | Posted by: Steven Boodoo
A credit score is a number that shows how likely you are to pay or default on credit. It ranges from 300 to 850; the higher the number, the more creditworthy lenders deem you. Your credit history dete ...
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2021 Mortgage Stress Test - Latest Updates
April 21, 2021 | Posted by: Steven Boodoo
On April 8th, the Office of the Superintendent of Financial Institutions (OSFI) announced that it is relaunching its consultation on the minimum qualifying interest rate for uninsured mortgages. Usual ...
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April 21-2021 - Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program
April 21, 2021 | Posted by: Steven Boodoo
Available as: PDF The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The ...
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April 2021-Bank of Canada Releases Results from Consultations on Inflation and Monetary Policy
April 12, 2021 | Posted by: Steven Boodoo
The below details are what has been reported by the Bank of Canada Website Over the past two years, we spoke with thousands of Canadians about their views on the economy, inflation and what the Bank ...
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Multi-Family Lending: What You Need To Know About Hard Money Loans
March 9, 2021 | Posted by: Steven Boodoo
Multi-Family Lending: What You Need To Know About Hard Money Loans Multi-family real estate is one of the most popular investments for both newbie and seasoned investors. Buyers in the past used trad ...
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Should You Refinance Your Mortgage?
February 18, 2020 | Posted by: Steven Boodoo
There are a multitude of reasons why a homeowner may be considering refinancing their mortgage. However, before any final decisions are made it is always a good idea to consider carefully whether refi ...
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Strategies to Dig Yourself Out of the Debt Hole
January 28, 2020 | Posted by: Steven Boodoo
Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can he ...
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Why You Need an Emergency Fund And How to Get One
January 21, 2020 | Posted by: Steven Boodoo
Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a ...
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