Kupina Mortgage

Buying an undervalued house that needs work, fixing it up, then selling it at a profit can be a great way to... Read More

Good morning  As you know, your variable rate mortgage, line of credit and/or student loans are all based on  the Prime Rate and here is your personal update from me on the recent Bank of Canada  announcement on changes to their Overnight Rate which in most cases impacts your Prime  Rate. At 10:00 am EST, Wednesday May 25th, 2016, the Bank of Canada maintained their overnight  rate which in essence means no change to the interest rate on your variable rate mortgage, line  of credit and/or student loans.   This is still good news for the amount of interest that you will  pay, but we also have to recognize that it is a reflection of the slow economy. So summer looks like it is finally on its way with the weather warming up; are you thinking of  some renovations or consolidating some debts that don’t seem to be going away anytime  soon!   It is never too late, or early, to start planning for the future especially as rates are still at  historical lows!   Chat to me about your options … I’d be happy to make those plans into reality  and save unnecessary interest along the way. To continue with the Bank of Canada news, here is an excerpt of the announcement and what  they had to say about their decision today: “The global economy is evolving largely as the Bank projected. In the US, despite weakness in  the first quarter, a number of indicators, including employment, point to a return to solid growth  in 2016. In Canada, the economy’s structural adjustment to the oil price shock continues, but is  proving to be uneven. Growth in the first quarter of 2016 appears to be in line with the Bank’s ... Read More

Mint.com is a free online personal finance service for keeping track of banking, credit cards, investment accounts, etc. Since it’s web-based, there’s... Read More

Getting a higher price when you sell your home doesn’t have to involve a bunch of expensive renovations. Here are some quick,... Read More

Good Afternoon, As you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and... Read More

Here are more tips about money for kids. For tips 1-5, see last month’s newsletter. Recognize what money really buys. Sure, money... Read More

Sure, a low mortgage rate is important. But choosing your mortgage and lender based on rate alone can be a mistake. Here... Read More

Good morning, As you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate... Read More

Here’s some common sense about money that kids should hear from their parents. Don’t confuse net worth with self-worth. It’s only natural... Read More

Over the years in this newsletter, we’ve stressed the importance of using a real estate agent when you’re selling a home. This... Read More