Canquest Mortgage Inc.

Recent Articles

Canadian dollar hits the skids, dropping below 90¢

The Canadian dollar wallowed at four-year lows early on Thursday after the Bank of Canada all but begged the market to sell the currency, while sterling took off as investors priced in an earlier start to rate hikes in the UK.

The loonie was trading at 89.68 US cents at 7 a.m. Thursday, bringing its decline this year to 4%. It fell nearly 7% for the whole of 2013.

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100% Financing or Cash Back Mortgage

I have been receiving alot of inquiries about the 100% financing available options.  I would like to bring it to your attention this product is not for everyone. First, you have to have very good credit. You can either borrow the down payment by way of a credit card, line of credit or personal loan. The payment from the borrowed source has to be included in your debt servicing ratio when submitted to the insurer and lender.

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Collateral Mortgages vs. Standard Mortgages

Collateral Mortgages: The amount registered on title is usually more than you received at the time you took out your mortgage. The lender registered 100% - 125% of the value of your property. The reason why the lenders do this is to promote the benefit that is would be more cost effective for you not having to register a new charge each time your request money for renovations, debt consolidation, vacations and property investments.

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Calgary Snow Removal Map

You can zoom into your neighbourhood and click on any of the streets on the map and it will tell you what week the city has planned to clean up the sidestreets of the ruts, etc. 

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