Understanding Mortgage Rates and How GLM Mortgage Group Can Help Mortgage rates have recently seen significant changes, impacting both existing homeowners and new homebuyers. The Bank of Canada's interest rate cut has led to reductions in both variable and fixed...

Geoff
Amortization Periods: A Key Aspect of Mortgage Packages
Amortization Periods: A Key Aspect of Mortgage Packages When exploring mortgage options, understanding amortization periods is crucial. These periods define how long it will take to pay off your mortgage, given the terms of your contract. They significantly influence...
What Are My Chances of Getting a Mortgage After Bankruptcy?
What Are My Chances of Getting a Mortgage After Bankruptcy? Filing for bankruptcy can be a daunting experience, leaving many to wonder if they'll ever be able to secure a mortgage again. However, the path to homeownership post-bankruptcy is not as bleak as it may...
Navigate Canada’s Changing Interest Rates and Inflation
Navigate Canada’s Changing Interest Rates and Inflation In recent developments, Canada’s annual inflation rate has slowed to a three-year low of 2.7% as of April, according to new data from Statistics Canada. This significant deceleration, primarily led by easing food...
What Happens if I Missed a Mortgage Payment?
What Happens if I Missed a Mortgage Payment? That is a great question. Let’s dive into the details in today’s blog. With the current high interest rates, homeowners generally, but especially with variable-rate mortgages are experiencing significant increases in their...
Navigating Mortgage Renewals in Rising Interest Rate Environment
Navigating Mortgage Renewals in a Rising Interest Rate Environment: Expert Advice from GLM Mortgage Group As Canadians continue to grapple with the fastest rising interest rates in over four decades, the prospect of renewing a mortgage can be overwhelming. With...
Exploring the Concept of Halal Mortgages
Exploring the Concept of Halal Mortgages Last week we touched on different aspects of the Federal Budget that was announced by the Federal Government on April 16th. One thing that we did go in depth on is a new novel term echoed through financial circles: "halal...
Unpacking Canada’s 2024 Budget – Tax Changes, Investment Opportunities, and More
Unpacking Canada's 2024 Budget - Tax Changes, Investment Opportunities, and More Chrystia Freeland, Canada’s Deputy Prime Minister and Minister of Finance, presented the federal budget on April 16, 2024, amid the backdrop of Canadian citizens grappling with the...
Canada’s Bold Step Towards Housing Solutions: Unveiling the Federal Government’s Ambitious Plan
Canada's Bold Step Towards Housing Solutions: Unveiling the Federal Government's Ambitious Plan In a newly bold move to tackle the pressing housing crisis, the Canadian federal government has unveiled a comprehensive plan aimed at addressing the dire shortage of homes...
Unlocking the Door to Homeownership: Essential Strategies and Programs for First-Time Buyers in British Columbia
Unlocking the Door to Homeownership: Essential Strategies and Programs for First-Time Buyers in British Columbia Discover the roadmap to homeownership in British Columbia with a comprehensive guide highlighting key government assistance programs, including the B.C....
Unlocking the Door to Homeownership: The First Home Savings Account (FHSA)
Unlocking the Door to Homeownership: The First Home Savings Account (FHSA) Navigating the labyrinth of Canada’s housing market can feel like an insurmountable task for many prospective homebuyers. With prices soaring to astronomical heights, the dream of homeownership...
Unveiling Real Estate Realities: Navigating BC’s Affordability Crisis
Join Allister and Geoff as we explore credit repair, a crucial aspect of navigating BC's real estate landscape. Learn actionable strategies to improve your credit score and open doors to homeownership. Gain expert insights and real-life examples to make informed...