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July, 2010
- Ask Nolan Matthias - Mortgage | Financial | Real Estate Advice - July 26, 2010 Personal finance: Mortgages are about... Sent Monday, July 26, 2010 Ask Nolan Matthias - Mortgage | Financial | Real Estate Advice Personal finance: Mortgages are about more than just the rate 2010-07-26 14:51:59-04 From the Vancouver Sun While most of the media has figured out far to late that these issues have arisen, the Vancouver sun has a good article about why interest rate isn't the best factor to use to select a mortgage. Read the highlights below. These reasons in part are why we encourage our clients [...] Read more...
April, 2010
- Ask Nolan Matthias - Mortgage | Financial | Real Estate Advice - April 5, 2010 “Bank of Canada not to blame for ri... Sent Monday, April 5, 2010 Ask Nolan Matthias - Mortgage | Financial | Real Estate Advice “Bank of Canada not to blame for rising mortgage rates” 2010-04-05 12:48:31-04 From the Ottawa Citizen Thankfully at least one media outlet is trying to clarify the confusion caused by the increase in fixed interest rates. With headlines like "Era of low interest rates come to an end," the media has completely misguided Canadians. The fact is that the Bank of Canada rate has remain unchanged. In […]
- Ask Nolan Matthias - Mortgage | Financial | Real Estate Advice - April 1, 2010 Why you shouldn’t lock in your mort... Sent Thursday, April 1, 2010 Ask Nolan Matthias - Mortgage | Financial | Real Estate Advice Why you shouldn’t lock in your mortgage 2010-04-01 15:17:07-04 In the last week I have had over 75 phone calls and hundreds of emails from people asking whether they should lock in their mortgage. It seems that a couple banks raising fixed rates can really cause a panic, even though it shouldn't. What panics me is the way in which the media picks up [...] Read more...
March, 2010
- Ask Nolan Matthias - Mortgage | Financial | Real Estate Advice - March 16, 2010 Media Altering Market Course Sent Tuesday, March 16, 2010 Ask Nolan Matthias - Mortgage | Financial | Real Estate Advice Media Altering Market Course 2010-03-16 01:19:04-04 It appears as though the tables are turning in the media with respect to real estate and mortgage news. Last week the media was emphasizing a strong market and price increases, this week the news is all doom and gloom. Given that the media pays such a major role in our sensitive real estate market, [...] Read more...
- Ask Nolan Matthias - Mortgage | Financial | Real Estate Advice - March 8, 2010 “What the hell are you thinking? Yo... Sent Monday, March 8, 2010 Ask Nolan Matthias - Mortgage | Financial | Real Estate Advice “What the hell are you thinking? Your birthday is not about recieving, don’t be so self centered!” 2010-03-08 00:34:47-05 "What the hell are you thinking? Your birthday is not about recieving, don't be so self centered!" The single line that changed how I think about birthdays permanently. A good friend said this to me on my on my 24th birthday, after I complained about the gift my girlfriend at the […]
February, 2010
- Ask Nolan Matthias - Mortgage | Financial | Real Estate Advice - February 26, 2010 New Mortgage Rules Probably Won’t A... Sent Friday, February 26, 2010 Ask Nolan Matthias - Mortgage | Financial | Real Estate Advice New Mortgage Rules Probably Won’t Affect You 2010-02-25 17:24:07-05 Finance Minister Jim Flaherty has announced three new mortgage rules saying the government is taking “proactive, prudent and cautious steps” to prevent a housing bubble. Well, there’s probably no reason for alarm: these new mortgage rules won’t affect most homeowners or buyers. The gist of the new rules is that it won’t be as easy […]
- Ask Nolan Matthias - Mortgage | Financial | Real Estate Advice - February 16, 2010 Changes to mortgage rules Sent Tuesday, February 16, 2010 Ask Nolan Matthias - Mortgage | Financial | Real Estate Advice Changes to mortgage rules 2010-02-16 11:33:15-05 As expected Jim Flaherty announced new mortgage rules this morning. They were not the changes to amortization and down payment that everyone feared. The changes seem to have been well thought out, changing the down payment required on rental properties, the loan to value one can refinance to, and the qualifying rate for adjustable rate mortgages. […]
- Ask Nolan Matthias - Mortgage | Financial | Real Estate Advice - February 9, 2010 Competition Bureau’s Bad Battle Sent Tuesday, February 9, 2010 Ask Nolan Matthias - Mortgage | Financial | Real Estate Advice Competition Bureau’s Bad Battle 2010-02-09 14:37:22-05 The Canadian Competition Bureau must not have had much to do over the last three years. Today the announce that they would take the Canadian Real Estate Association to the Competition Tribunal for uncompetitive practices citing the inability for a consumer to post their property for sale on the private MLS system. I think [...] Read more...
- Ask Nolan Matthias - Mortgage | Financial | Real Estate Advice - February 2, 2010 Rich Dad Poor Dad – Scam Sent Tuesday, February 2, 2010 Ask Nolan Matthias - Mortgage | Financial | Real Estate Advice Rich Dad Poor Dad – Scam 2010-02-02 14:46:06-05 A couple of years ago I attended a Rich Dad Poor Dad seminar at the Hilton Hotel in downtown Calgary. I entered the seminar with enthusiasm, and left in anger after the "instructor" (more like sales guy) berated me for questioning his methods, not taking notes, and then for taking notes on my blackberry. In [...] Read more...
January, 2010
- Ask Nolan Matthias - Mortgage | Financial | Real Estate Advice - January 30, 2010 “customers who prefer a locked-in r... Sent Saturday, January 30, 2010 Ask Nolan Matthias - Mortgage | Financial | Real Estate Advice “customers who prefer a locked-in rate are commonly going with 10-year mortgages at 5.3 per cent” 2010-01-28 17:55:09-05 From the Globe and Mail - Variable or Fixed? Both options have merit My colleague from Ontario, and someone whom I truly admire, Peter Majthenyi discussed long term versus short term rates with the Globe Investor. I have done my own research as to whether fixed or floating is the […]