10 Weeks Down and the Money is Running Out

Latest News David Cooke 21 May

10 Weeks Down and the Money is Running Out We all know that you should keep 3-6 months of savings for an emergency.  Money experts encourage us to do this in case something unforeseen happens. An Ipsos Reid survey in the fall of 2019 found that 48% of respondents were $200 away from financial insolvency.  […]

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How to Safely Buy a Home in Calgary and Obtain Financing

General David Cooke 13 May

How to Safely Buy a Home  in Calgary and Obtain Financing It may be hard to understand but there are still people out there buying homes, renewing mortgages and refinancing their homes to increase cash flow. How could they and why would they want to mix with strangers in these uncertain times? Well, until March […]

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Bank of Canada Puts The Economy on Life Support

General David Cooke 7 May

Bank of Canada Puts The Economy on Life Support Bank of Canada Stands Ready To Do Whatever It Takes On the heels of a devastating decline in the Canadian economy, the Bank of Canada is taking unprecedented actions. With record job losses, plunging confidence and a shutdown of most businesses, this month’s newly released Monetary […]

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Building a Real Estate Portfolio

General David Cooke 30 Apr

Building a Real Estate Portfolio More and more Canadians do not have a defined benefits pension plan. Companies are moving away from this model due to the expense of maintaining enough in the fund to pay out until the employee and survivors die. Those who are self employed also do not have pensions beside the […]

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Building a Real Estate Portfolio

Blog Posts David Cooke 15 Oct

More and more Canadians do not have a defined benefits pension plan. Companies are moving away from this model due to the expense of maintaining enough in the fund to pay out until the employee and survivors die. Those who are self employed also do not have pensions beside the Canadian Pension Plan. What can […]

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Helping families one at a time

Blog Posts David Cooke 12 Sep

Every once in a while you get to help people out and make a real difference in their lives. Recently a couple was referred to me who wanted to renew their mortgage. The bank that they had been dealing with for over 20 years had offered them a 5 year fixed rate that was more […]

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Rent-To-Own Explained

Blog Posts David Cooke 3 Sep

In some markets, it can take a long time to sell a property. An option available to some sellers is the Rent-to-Own sales method. If you have someone interested in purchasing your property but they can’t obtain a mortgage either because they don’t have a down payment saved or their credit score is too low, […]

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Raise your credit score in 3 months

Blog Posts David Cooke 20 Aug

While people often think of mortgage brokers when they are first time home buyers, we can help people in a variety of different ways. Recently Garrett LaBarre of Calvert Home Mortgages in Calgary shared a success story with brokers. He had a client referred to him by a mortgage broker who had a conundrum. She […]

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How to Save Money on a Variable Rate Mortgage

Blog Posts David Cooke 1 Aug

A few years ago, I remember seeing a statistic that said that if you took out a variable rate mortgage instead of a fixed rate, you would do better in 95 out of the last 100 years. Often the spread between a 5-year variable rate and a 5-year fixed rate was more than 1% and […]

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4 Weird Things Lenders Ask For

Blog Posts David Cooke 25 Jul

A number of times I have had people who wonder why they need to provide so much documentation when it comes to arranging a mortgage. Besides an employment letter, you are usually asked to provide a pay stub and your most recent Notice of Assessment (NOA) to prove income. “Why do they need all 3, […]

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