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Josée Beauregard

Josée Beauregard

Mortgage Broker

Language(s):
French
English

jobeauregard@planipret.com
(514) 708-2176

9160 boul. Leduc , 410
Brossard, QC
J4Y 0E3

Managing Divorce: The Financial Relief Offered by the Spousal Buyout Program

Divorce and separation are challenging milestones in a family's life, affecting everyone involved on multiple levels, including financial. The process is inherently stressful, often involving the...

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If it smells like mould, it probably is mould!

Jeremy, newly separated from Nancy, urgently needs to find a house that will meet his needs. Since he is in a rush, he makes an offer on a house and decides to accept the inspection report provided...

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Making sense of a pre-qualification and a pre-authorization

Thinking of buying a property? You must first find out how much you can actually afford to pay for this important purchase. Your financial institution (or lender) must take many factors into...

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Don't let a new car ruin your dream of home ownership!

Vanessa and Julien decided  it was time to leave their apartment and buy a house. They are excited about becoming home owners.  Bye-bye rent! Following the advice of some friends, they...

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First-Time Home Buyers Tax Credit: What You Need to Know

As mortgage brokers, we are often asked about the tax benefits available to first-time homebuyers. One of the most significant benefits is the first-time homebuyer's tax credit offered by the...

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Highlights, Economic and Financial Review-AMF

• In 2023, the fight against inflation turned a corner as the effects of key policy rate hikes were felt. Inflation gradually came down from the highs reached in 2022. At the same time, the...

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Find out how to calculate the mortgage you can afford

To determine the maximum mortgage amount you are eligible for, it is essential to consider several factors, including your repayment capacity and the limits imposed by financial institutions and the...

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Buying a new home? You may be eligible for a GST and QST rebate!

Buying a new home can be an exciting project, but it comes with its share of government fees. Traditionally, when you buy a new home, you must pay the Goods and Services Tax (GST) and the Quebec...

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Top home improvement tips to consider before selling your home

A renovation is probably the last thing on your mind right before you plan to sell your home. However, there are some key areas where a little bit of TLC can go a long way to impressing potential...

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Unlocking Financial Options for Aging in Place: A Guide to Reverse Mortgages for Supporting Your Parents' Independence in Retirement

If your parents wish to age in place but you believe they don't have sufficient funds to cover the cost of such a choice, there is an alternative solution. Reverse mortgages can provide your parents...

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Did you know about the 9% tax?

Did you know that a 9% tax applies to most insurance premiums in Quebec? In Quebec, it's essential to consider the 9% tax when purchasing a home and the mortgage insurance associated with...

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Insured, insurable and uninsured mortgages…what’s the difference?

If you’ve spent any amount of time researching mortgage rates, you’ll likely have seen references to these types of products: insured, insurable and uninsured. It’s important to...

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I'm a self-employed worker looking for a mortgage loan, but my declared income isn't representative. Are there solutions?

Your declared income isn’t representative of your current income? If this is the case, we’ve got good news: you now have access to a program that could help you buy a property. Mortgage...

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CHMC: WHAT IS IT, ANYWAY?

You want to buy a house, but don’t have the required 20% down payment. This is when you are offered the CMHC loan insurance. But what is the CMHC?  Why do we offer this insurance?  Is...

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Swap your bungalow for a condo!

Their youngest has just left the nest. Jocelyne and Jean-Luc are in the mood to travel and enjoy some well-deserved R&R. Mowing grass and shoveling snow are not part their retirement dream. They...

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The 5 questions to ask yourself when you need a mortgage?

How do you negotiate a mortgage to make sure you’re getting the best possible product? What do you need to know before you sign on the dotted line? Below are a few tips to help you find your...

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The importance of knowing the rules of succession without a will

The issue of succession is often complex and emotionally charged. While many people choose to draft a will to ensure that their assets are distributed according to their wishes after their passing,...

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Another good reason to obtain a pre-approved mortgage.

Patrick is walking around in the city and spots a condo for sale that interests him. He immediately calls the real estate agent whose phone number is on the sign to find out the price and to visit...

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Optimizing Your Assets: The Benefits of Mortgage Refinancing"

Mortgage refinancing sometimes gets a bad rap, often likened to recklessly tapping into one's home equity as though it were an ATM. However, this viewpoint only paints a partial picture. Beyond the...

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Can't find the property you want to buy?

Shabby carpeting , splintered moldings, a bathroom from a bygone era, and a kitchen with old melamine cabinets…There always seems to be something wrong when looking around for a potential new...

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The secrets to building a solid credit profile!

Whether you are young or have reached a certain age, having a strong credit history is essential to realizing your dream of owning a property. Your credit profile plays a crucial role when applying...

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A place for your kids to live through university: Better to buy or rent?

With the high cost of rent, especially in Quebec City and Montreal, more and more parents are buying condos for their kids to live in while they’re at school. After all, they could probably...

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Key factors for mortgage approval

Getting ready to start looking for a property? To do so, you will need a mortgage pre-approval. Although this is the maximum amount you could get, it does not guarantee that you will obtain a proper...

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Simulation of expenses related to the purchase of a $400,000 property

For those looking to find out the costs related to buying a property, here is an example: Scenario: $400,000 home with a 5% down payment Standard rate: 95% financing: 4.00% 90%...

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Mortgage refinancing: a solution for paying off your debts

With the rise in interest rates and inflation, you may be losing your ability to make your credit card payments. Credit card debt with interest rates of 20% or more can be harder to pay off. However,...

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Documents to include with your mortgage application

1) Proof of income: Of all the documents you need to provide for your loan application, proof of income is the most important, the most difficult to find, and the one that will take the most effort....

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Strategies to Avoid, Reduce, or Navigate Mortgage Penalties

If you are currently tied to a mortgage for several more years, you might feel trapped. Whether considering refinancing, mortgage transfer, or even early renewal, you could face substantial...

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Discover CMHC's "Homebuying Step by Step" Guide

Canada Mortgage and Housing Corporation is giving you a guide for everything you need to buy a home in Canada.This workbook provides worksheets, calculators and checklists for each step in the...

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Use your RRSP to buy your property!

Did you know that you could withdraw up to $35,000 from your RRSP without penalty to use in acquiring your new home or condo if you are a first-time home buyer or if 5 years have passed since you...

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Your home can be used as financial leverage.

Eight years ago, Julie and Carl made a financially savvy decision by leveraging the value of their home (through refinancing) to invest in a 5-unit multiplex worth $600,000. Since then, the real...

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Is it smart to use part of my RRSP’s to pay down debts so I can become a homeowner?

Marie-Pierre decided to buy a nice home in the suburbs.  However, when she applied for a loan with her financial institution, she was refused.  They explained to her that she was...

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How to Create a Tax Deductible Mortgage

When you take out a mortgage loan, it is easy to underestimate your total cost including the interest. Imagine you take out a $100,000 mortgage for 25 years with a 5% interest rate. After just 5...

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A home equity line of credit... Why not?

A home equity line of credit is very useful for real estate projects. Whether you want to renovate your home, buy a second home, or use it as a backup in case of unforeseen circumstances, your...

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Debt consolidation via a mortgage

Debt consolidation consists in borrowing a single amount of money with a financial institution to pay all of your debts. This way, you end up with a single payment which greatly facilitates the...

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The story of Jean-Simon, undergoing separation, but wanting to keep his house.

Jean-Simon and Vanessa are separating. Vanessa found a condo and needs to sell her share of the house they purchased together to fund her down payment. As for Jean-Simon, he wants to buy...

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The HBP – your ally when purchasing your first property

The down payment required to purchase your first property is often a daunting financial headache. But did you know that the Home Buyers' Plan (HBP) can be a feasible solution to obtain the required...

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First-time home buyer incentive

What is it? The First-Time Home Buyer Incentive (FTHBI) is a government program that helps first-time home buyers* reduce their monthly mortgage payment without increasing their down...

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Can I afford to buy a property?

To take advantage of the best conditions at the best interest rates, good financial health is paramount. How is yours doing? Is it healthy or on life support? Here's how to evaluate and improve...

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Refinancing your mortgage can make your dream kitchen a reality!

You may wonder whether there is a way to use your mortgage to finance a specific project, such as a kitchen renovation. Let’s take a look at how it is not only possible, it is actually the most...

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Buying your first home? 5 mistakes to avoid

Looking for your first home? What exciting project! At Mortgage Planners, we have your best interests at heart. Therefore, we want to warn you against the most common mistakes made by our...

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Housing Market Highlights

Source: Housing and Mortgage Market Review   The Bank of Canada’s soft landing is on track…for now   Highlights: The inflation fight is progressing well, but the Bank...

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Is a home inspection a pre-purchase must?

Technically, the answer is no. However, as mortgage specialists, we strongly recommend it!  We are strong believers in pre-purchase home inspections because they provide you with a better...

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Do you know what the minimum down payment is for a condo, a bungalow, a castle, etc?

The minimum cash down payment to purchase a house, condo or duplex valued at less than $500,000 is 5%. When the price is higher than $500,000 but lower than $999,999, you must put down 5% for the...

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Tips for improving your credit rating

You've been thinking about starting the process of buying your first home in the next few months and you're concerned about the viability of your credit rating. Is your concern caused by poor credit...

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5 tips for a greener home

5 tips for a greener home  Sustainable development, energy efficiency, environmental responsibility... It’s not a fad, it’s a lifestyle. According to a 2017 study by Sagen, more...

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Should I choose monthly or weekly payments?

You have just completed the mortgage approval process, and the inevitable question from your mortgage broker or bank adviser crops up: do you want to make weekly or monthly payments? If you answer...

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The FHSA: a new ally for first-time homebuyers

Last year, the Canadian government announced the creation of a registered account that can help you save money, tax-free, for your first home purchase. In this article, we invite you to learn about...

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To avoid unpleasant surprises, do an annual review

Have you thought of doing a yearly review of your mortgage in order to avoid any payment shock if interest rates increase? It’s really quite simple. On each anniversary of your mortgage,...

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The cohabitation agreement... to ensure your couple's peace of mind!

Did you know that common-law couples can agree on a cohabitation agreement? Often referred to as a "cohabitation contract", the cohabitation agreement for common-law partners defines the obligations...

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Changing jobs during the mortgage application process has its risks!

Changing your job in the middle of your mortgage application (purchase, refinancing, renewal or investment) can cause you some serious problems. In order to obtain your mortgage approval with all the...

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Good or bad debt?

What is a good debt? What is a bad debt? Knowing the difference between the two will make it easier to manage your debts and reduce their burden.   A debt by any other name… No one...

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Can I optimize my mortgage renewal ?

When the time comes to renew your mortgage, are you the type to accept the first offer or to look around to get the best possible product? Surprisingly, barely half of Quebecers try to get a better...

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Your mortgage renewal could reduce your debts.

A car financed at 7%, a line of credit at 9%, credit cards at 19%… Have you ever made a comprehensive list of your current debts?  Many Quebeckers prioritize paying off their mortgage,...

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Everything about the house is perfect except for the kitchen. What are my options?

Although the kitchen, the bathrooms as well as the floors are rarely to our taste when we visit houses for sale, is this a reason to reject a house that has many other assets? The CMHC...

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Taking advantage of the CMHC portability option

Anna and Jeff own a condo. However, with their third child on the way, they need to buy a larger home. Can they take advantage of the Canada Mortgage and Housing Corporation (CMHC) portability...

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Falling in love with your dream house - how to get the information you need to help you with your decision

Karen and Carl live in a beautiful, cozy house in the Laurentians. During a walk on a beautiful Sunday, they found a house for sale, hidden in the woods. The real estate broker was there and showed...

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The questions you need to ask before deciding to move or upgrade your home

We often want to move because we want a bigger home. However, several factors, such as hesitating to leave a neighbourhood your family is fond of or the high cost of a larger home, might lead us to...

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Buying a house owned by your parents - the equity gift

Seven years ago, Emrick and the mother of his children separated. At the time of the break-up, an important decision was made: Emrick would become the owner of the family home. To do so, he asked his...

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Can I use the increase in value of my home to maximize my RRSP?

Josianne is in her early forties and a single mother of two beautiful daughters of 9 and 12-years old. Recently, she realized that she had more than $100,000 in unused RRSP contribution room. Based...

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Pay Attention to Mortgage Loan Penalties!

A mortgage loan has certain risks, which need to be evaluated carefully, especially those regarding penalties. Choosing a mortgage lender is not easy because there are approximately twenty financial...

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Use your RRSP as a down payment on a your real estate purchase.

How can you use your RRSP as a down payment on a real estate purchase? How do financial institutions manage this procedure? It’s really quite simple. If you are considered a first-time...

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Save $240 per month with the Government of Canada's First-Time Homebuyer Incentive!

You may already be aware of this, but did you know that the federal government's first-time homebuyer incentive can help you buy your first home? In fact, this incentive helps you without increasing...

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Ask yourself these questions when your mortgage is almost up for renewal

Clearly, although your mortgage renewal may seem like a banal procedure, it can be if you do not seriously think about the questions listed below: 1)  Are we satisfied with our current...

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Can a bridge loan be a good solution ?

A bridging loan, better known as a “bridge loan” provides a solution for all buyers in the process of purchasing a property who have received an unconditional commitment for the purchase...

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Do I need to have my mortgage pre-approved if I’m planning to buy a condo?

The short answer is no, but your real estate agent and mortgage broker strongly recommend it. Here’s why: You will be spending a lot of time with your real estate agent because they will be...

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Itching to renovate your home? Here's how to make it happen.

After a visit with me at my office, Vanessa and Thomas decided to renovate their home to bring it up to date. They even took the opportunity to add a garage! Fifteen years ago, they paid $150,000...

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What are the potential dangers of dealing with a virtual bank?

Virtual banks such as Tangerine (ING Direct), First National, MCAP, Home Trust, Merix, Equitable Bank are more and more present on the market and keep gaining ground every day at the expense of...

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When back to school expenses and your summer vacation leave you strapped for cash.

Your summer vacation was great, but your budget took a hit; back to school brings its own new expenses, and you have been carrying some credit card debt for far too long. Clearly, the passing time...

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Is my mortgage renewal the ideal opportunity to look at restructuring my mortgage?

The answer to this question depends on your future projects and your current level of debt. In a nutshell, if you already have credit card debts, a line of credit, a personal or car loan, or a...

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Buying a property needing major renovation? Careful planning will bring big savings!

For some years, you can no longer refinance* a mortgage for more than 80% of the market value of a home. We have noticed that many of our clients return to our offices seeking mortgage refinancing in...

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The 10-point case for working with a mortgage broker.

1. Get expert advice on your financial options. Because we are independent mortgage brokers, we are not tied to a specific product range or a particular lender. Our only goal is to help you secure...

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Could you be exempt from the welcome tax?

The "welcome tax", also known as the "property transfer tax", is an amount that a municipality must collect when a property located on its territory is transferred.  This tax was created to...

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Recent graduates purchase their first condominium

Ann and Sophie, both twenty-five, just graduated from university. Both have found a job in their respective fields with annual salaries of around $42,000. Their job probation period is over and now...

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Which Option is Best for You?

Should you stick with the stability of a fixed mortgage rate or roll the dice with a variable? It’s one of the most difficult decisions faced by new homebuyers and homeowners who are renewing...

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Variable rate mortgages – a worthwhile option?

Greater risks yield greater results. The same applies when comes the time choose a mortgage. Choosing a variable rate mortgage allows you to benefit from a rate that is lower than what you would...

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A mortgage for self-employed : Can it be possible?

Well yes, it is possible! Qualifying income is the only difference in qualifying for a mortgage between a salaried individual and a self-employed individual . For each situation here is the...

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What do we do if we just made an offer on a house, but haven’t sold our condo yet?

Start by asking yourself this one all-important questions: could you qualify for 2 mortgage loans – your current one on your condo and a new one for the house you want to buy? In effect, even...

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Affordability 101: tips for future homeowners

AFFORDABILITY 101: TIPS FOR FUTURE HOMEOWNERS Always dreamt of owning a home but confused by all that complex real estate lingo? Don't worry, we’re here to help! Today we’re going...

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Finance your new swimming pool with your mortgage loan

Paul has just been woken up at 7 AM by the noisy machines digging his neighbor’s new pool. Curious by nature, Paul goes to speak with his neighbor, Robert, busy surveying the work....

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All you need to know about subsidy programs that make homeownership easier!

Over the past few years, housing affordability has become a forgotten dream for some. The advent of the COVID-19 pandemic, the fluctuations of the economy linked to this same pandemic - but also...

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Can refinancing my home solve my debt issues?

This is a question frequently asked concerning mortgage financing… I have credit card debt. Could my house be the solution to my debt issues? The answer is YES, if you have the necessary...

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Planiprêt is Expanding Their National Footprint!

St-Eustache, Canada, March 31, 2022.    The largest independent mortgage brokerage in Quebec joins forces with the largest independent brokerage firm in...

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A Mortgage Broker or a Bank Representative?

This question is often a dilemma for someone who has no expertise in the mortgage industry or who does not know an expert that can provide sound advice and guidance. Here are some tips to follow...

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Has confinement given you the urge to renovate?

During this crisis period, we find ourselves spending a lot of time at home. And with the arrival of spring, renovations projects are very likely to bloom everywhere! We’d like to take a few...

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Why is there is an additional $684 in my notary’s fees?

OMG! There is an additional $1 026.00 in my notary’s fees. Vanessa recently signed the deed of sale on her townhouse at the notary and has just received her bill. She discovers the amount of...

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Christmas was magic! Now, how do I pay the debt racked up on my credit cards?

It’s February, cold and dark, and here you are, faced with a pile of debts and credit card bills that reflect your over-spending on holiday celebrations! You’ve received one or more...

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Reversed mortgage: miracle product or danger?

The reversed mortgage is used primarily by retirees who own their principal residence and want to increase their retirement income, or simply cash out a portion of their property value for personal...

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Speed up your mortgage payments and save money!

What is the difference between an accelerated weekly payment and a non-accelerated payment? Simple! If your mortgage costs you $1,000 a month, and you want to pay it weekly, your financial...

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Underused Housing Tax: a major change for homeowners living abroad

On January 1, 2022, the federal government introduced a new tax: the UHT, or Underused Housing Tax. The UHT is calculated by multiplying the assessed value of residential real property by the 1% UHT...

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Purchasing with Peace of Mind : The Impact of the Credit Bureau on Your Buying Plans

Your credit score is a comprehensive record of your financial history, which potential lenders can access to evaluate your capacity to repay your debts. When you’re in the process of buying a...

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Creating financial padding by using a line of credit – is it a good idea?

 Let’s say it how it is – the COVID-19 pandemic crisis raises a lot of concerns, on both the health and finance front. Will I still have a job in a week? Will I go back to work...

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Being mortgage-free with a mortgage discharge

You are the new owners of a beautiful home and have taken out a mortgage to make your dream come true. You should know that when you take out a mortgage, the lender registers a right that is a lien...

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Should you renegotiate your mortgage before maturity?

Marc and Isabelle have a $300,000 mortgage with the ABC Bank. They planned to pay off their house in 25 years. They took a loan at a fixed rate of 3.45% on a 5-year term. Two years before the date of...

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Planiprêt embauche Marc-Alexandre Maglieri au poste de Vice-Président Opérations-eng

Planiprêt, dont le siège social est situé à Saint-Eustache, est fier d’annoncer l’arrivée de Marc-Alexandre Maglieri. Il se joindra à la...

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Incentive programs and measures available for the purchase of a property

Are you considering buying a house or a condo? Are you wondering if there are incentive programs and measures available and tailored to your financial situation? The first thing to do is to reach out...

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Planiprêt embauche Pierre-Alain St-Laurent au poste de Vice-président, développement des affaires et marketing (français)

Planiprêt, dont le siège social est situé à Saint-Eustache, est fier d’annoncer l’arrivée de Pierre-Alain St-Laurent qui se joindra à la...

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The booming Quebec real estate market

version française

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After a year of global pandemic, it's time to take a look at your financial situation

At this time last year, we were quietly going about our business. Life was happening at full speed until one day the world plunged into the unknown.This global pandemic has challenged many of our...

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How to purchase an income property when you renew your mortgage

For years, you have been thinking about investing in an income property. Why not take advantage of your mortgage renewal to refinance your property and to provide you with the 15% or 20% down payment...

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Breaking your mortgage early: Is it worth it?

Mark and Isabelle have a $300,000 mortgage with bank ABC. They had planned to pay off their house over 25 years. They took out a 5-year fixed-rate loan at 3.5%. Two years before the maturity date,...

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Faster mortgage repayments.

It’s simple. Just make early refunds for the duration of your loan, thus reducing interest costs and, at the same time, accelerating the repayment of your mortgage debt. You can increase the...

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Your Mortgage VS Covid-19 ; answer to the questions you ask yourself

Can I cancel my real estate transaction? As mentioned on the OACIQ website: “Once accepted by the seller, a Promise to purchase can no longer be cancelled by either party unless: a clause...

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If I decide to defer my mortgage payments, will the government make payments for me?

With everything that we hear, it can be very confusing to understand the specifics of the various aid programs offered during this pandemic crisis. The answer to this question is no – the...

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Covid-19; your mortgage lender has solutions for you if you're having trouble

You would like to know if you are eligible for assistance from your mortgage lender, below you will find the details and the steps to follow depending on your lender. Desjardins Here is a quote...

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The ABC’s of the HBP.

Test your knowledge of the Canadian government’s HBP program (Home Buyers’ Plan): 1. I own my main residence and I would like to buy another property. Can I use the HBP? No. 2. I own my...

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Introducing Plani-Docs

MP Mortgages Financial Group* is proud to launch Plani-Docs, encompassed in the industry leading Maestro platforms, a leader in mortgage application preparation in Canada. Plani-Docs assists the...

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Your credit rating: Debunking the myths

Your credit rating, also known as your credit score, is a number assigned by credit bureaus based on your debt payment habits. The lower your score, the more risky it is for lenders to loan you...

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How to find out about your credit rating.

There are essentially two private credit rating firms that produce credit scores which the banks will consider while analyzing your mortgage application. The most well known is Equifax, the other one...

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The steps to property ownership in 2018.

It’s easy! You start by securing a pre-approved mortgage from an expert in the field such as a mortgage broker. Your mortgage broker will not only become your partner in this important...

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Choosing the right mortgage: It pays to be informed!

Too many Quebec families are making the wrong financial choices… choices that can stay with them for the next 25 years. Not enough people take the time to get all the facts or to talk to an...

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Important changes to Mortgage financing standards. Effective January 1st, 2018

The Office of the Superintendent of Financial Institutions (OSFI) published on Tuesday, October 17, 2017 the final version of its B-20 Guideline, Residential Mortgage Underwriting Practices and...

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Important changes coming to mortgage financing standards

The Office of the Superintendent of Financial Institutions (OSFI) is currently studying the possibility of applying another major change that will affect anyone looking to purchase or refinance a...

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(Français) Que faire si vous avez une hypothèque à taux variable?

Sorry, this entry is only available in French.

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Important Notice: If you have a Variable mortgage rate, what should you do?

To the surprise of many economists and analysts the Bank of Canada (BoC) has decided to increase its key lending rate for the second time in 2 months by another 0.25% on September 6th 2017.  This...

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All homebuyers have to pay a land transfer tax (the “Bienvenue” tax).

The land transfer tax or duties on real estate transfers is called the “taxe de bienvenue” in Quebec. Bienvenue has no connection with the expression “Welcome [Bienvenue] to your new...

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(Français) Le taux variable vous rend frileux? Voici de quoi vous faire changer d’idée!

Sorry, this entry is only available in French.

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CMHC mortgage insurance premiums have been increased.

January 17th, 2017, the CMHC announced an increase in their mortgage insurance premium rates as of March 17th 1st of this year. This means that if you submit your insured financing to your...

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Save $2,000 with a $500 investment.

Did you know that making a 10% down payment instead of 5% saves you 0.75% on your CMHC (Genworth or Canada Guaranty) premium?   So be mindful of how much you put down on the purchase of your...

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Important changes in the rules regarding mortgage financing effective October 17

On Monday, October 3rd, the Finance Minister of Canada announced a major change to the rules of mortgage financing, which will affect all clients currently in the process of purchasing a new...

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Fixed or variable? Definitely something to consider.

Your dream of owning a new home is about to happen, but you still have a couple of decisions remaining: a fixed or variable rate mortgage? What to do … It is important to understand that...

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Renegotiate your mortgage before it comes up for renewal

Karine contracted a mortgage loan three years ago and there are two years remaining before the end of the term. Her mortgage interest rate is 4%. During a discussion with a colleague, she learns...

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Mortgages: Some savings are penny-wise and pound-foolish

SOME SAVINGS ARE PENNY-WISE AND POUND-FOOLISH This well-known saying simply means that it is a waste of time to save your pennies while not paying attention to your dollars. Unfortunately, it is a...

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Down payments soon to be higher on some mortgages

On December 11, without addressing the risk of a potential real estate bubble, Federal Finance Minister Bill Morneau announced that down payments on mortgages between $500,000 and $1 million would be...

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A private lender could help you find the missing funds needed to complete the construction of your home.

Louise and Roger decided to build their own home. Since they have a lot of construction and renovation experience they figured, “Why not build our own dream home and take advantage  of our...

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What happens to a residence in a divorce?

William called me a few weeks ago to tell me that he is breaking up with his girlfriend. He wants to buy her part of the house they bought together 3 years ago. I had negotiated their initial...

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Make sure you have cash on hand to act quickly on a good deal!

Emmanuel and Julie were looking for an attractive rental property to invest the equity they had accumulated over the years on their home. Several criteria guided their search: they wanted one near...

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Get rid of your credit card debt!

Imagine this: your son is in immediate need of braces, but all your credit cards as well as those of your partner have reached their spending limit. Are you in a momentary bind? What if I told you I...

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What are the real transaction costs on my property purchase?

First of all, you surely want to know that the property is in good condition and doesn’t need major repairs immediately, so you will have to have a professional property inspection done. Set aside...

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Discover the grants available when you become a homeowner.

Did you know…? You can obtain government grants when you purchase your first home. You are entitled to free services concerning energy efficiency (Éconologis) when you are a new homeowner;...

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Consider a 10-year term for your mortgage if you are worried about future interest rate increases.

Economic experts will tell you that, aside from 2 or 3 exceptions over the last 25 years, it has always been wise to take out a 1-year term or a variable mortgage. That being said, rates are...

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Secure a mortgage credit line without changing your current mortgage and WITHOUT ANY NOTARY FEES?

It is now possible to obtain a mortgage credit line at very competitive interest rates without changing you current loan, i.e. without any penalties. Effectively, if you have the necessary equity to...

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Make sure you are ready to sign at the notary.

You recently lived the hectic experience of finding a home: negotiating a price, getting the property inspected, preparing the documents needed for your mortgage application. You were also on the...

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Is a line of home equity credit (HELOC) accessible to everyone? Yes, but only if…

If  you need to finance less than 80% of the total value of your property,  you could have a portion of your mortgage in the form of a line of credit. The portion of your mortgage that comprises...

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RATES OF

2024-03-18 00:00:00

TERMS BANKS MORTGAGE PLANNERS
6 months Fixed 7.94% 7.55%
1 Year Fixed 7.89% 6.79%
2 Years Fixed 7.49% 6.14%
3 Years Fixed 7.39% 5.14%
4 Years Fixed 7.29% 4.99%
5 Years Fixed 6.84% 4.89%
5 years Variable 7.65% 6.25%
Refinance Fixed or variable 10.40% 5.19%
3 year closed Variable 8.60% 7.20%
7 Years Fixed 7.10% 5.04%
10 Years Fixed 7.49% 5.79%
HELOC 8.20% 7.70%

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