Winnipeg Mortgage Blog

Need a mortgage? It's better with Adrian Schulz.

Category: Mortgages (25 posts)

What is a 'No-Frills' Mortgage Anyway?

What is a 'No-Frills' Mortgage Anyway?

March 25, 2021 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

A no-frills service or product is where non-essential features have been removed from the product or service to keep the price as low as possible. And while keeping costs low at the expense of non-es ...

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Where Are Mortgage Rates Going?

Where Are Mortgage Rates Going?

March 12, 2021 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

This is the million-dollar question.With so much unknown in our economy and real estate markets, there is one sure thing - interest rates are on the move upwards. BUT, this is only fixed rates. Variab ...

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Multi-Family Lending: What You Need To Know About Hard Money Loans in Winnipeg, MB

Multi-Family Lending: What You Need To Know About Hard Money Loans in Winnipeg, MB

March 8, 2021 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

Multi-Family Lending: What You Need To Know About Hard Money Loans Multi-family real estate is one of the most popular investments for both newbie and seasoned investors. Buyers in the past used trad ...

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Why Borrowers May Choose a Private Mortgage in Winnipeg, Manitoba

Why Borrowers May Choose a Private Mortgage in Winnipeg, Manitoba

February 17, 2021 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

Why Borrowers May Choose a Private Mortgage When most people want to buy a home, they get a list of local banks and mortgage companies to start comparing the available financing options. However, the ...

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How to Handle a Mortgage After a Separation or Divorce in Winnipeg, Manitoba

How to Handle a Mortgage After a Separation or Divorce in Winnipeg, Manitoba

February 2, 2021 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

Mortgage Life After Separation and Divorce Separation and divorce present many challenges. It's a situation you likely never thought you'd never be in, but now there are personal and financial conseq ...

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Did You Know...Anyone Can Buy A Property With Only A 5% Down Payment?

Did You Know...Anyone Can Buy A Property With Only A 5% Down Payment?

December 1, 2020 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

Yes, that’s right. You don’t have to be a First Time Home Buyer.There is a misconception out there that you can only buy a property with a 5% down payment if you’re a First Time Home ...

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Spousal Separation Program

Spousal Separation Program

November 10, 2020 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

Divorce is a painful and stressful time, especially when it comes to dividing property. Separating from your spouse often means selling your jointly-owned home, and while most people don’t want ...

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Bank of Canada will maintain current level of policy rate until inflation objective is achieved, recalibrates its quantitative easing program

Bank of Canada will maintain current level of policy rate until inflation objective is achieved, recalibrates its quantitative easing program

October 28, 2020 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. ...

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4 Mortgage Predictions For 2021

4 Mortgage Predictions For 2021

October 21, 2020 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

Well, 2020 has been quite the year so far to say the least. Nobody saw it coming and I'm not sure what 2021 brings us. I thought I’d give you my predictions for the next year, please keep in min ...

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Centum Financial Services Announces Manitoba’s First Mortgage Program for Condominiums

Centum Financial Services Announces Manitoba’s First Mortgage Program for Condominiums

September 30, 2020 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

New program provides exclusive rates on fixed- and variable-rate condominium mortgages WINNIPEG, MB — Centum Financial Services Limited Partnership is proud to announce its latest mortgage pr ...

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Reverse Mortgages – Impact on Heirs in Winnipeg, Manitoba

Reverse Mortgages – Impact on Heirs in Winnipeg, Manitoba

September 2, 2020 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

How do Reverse Mortgages Affect Canadian Heirs? For Canadian seniors, there is a great way to get the most out of the equity in their homes. Home prices tend to rise, and equity builds in the prope ...

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Canada's mortgage stress test level falls for 3rd time since pandemic began

Canada's mortgage stress test level falls for 3rd time since pandemic began

August 16, 2020 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

Rate falls to 4.79% to theoretically allow a borrower to be approved for a larger loan.The bar at which the finances of Canadian mortgage borrowers gets tested has just been lowered, making it easier ...

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Centum Financial Services Announces Exclusive Mortgage Program for Manitoba Teachers

Centum Financial Services Announces Exclusive Mortgage Program for Manitoba Teachers

July 8, 2020 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

New program provides discount on 5 year fixed-rate mortgages and appraisal reimbursement on refinances WINNIPEG, MB — Centum Financial Services Limited Partnership is proud to announce its new ...

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Fixed VS Variable Mortgages

Fixed VS Variable Mortgages

June 4, 2020 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

When obtaining a mortgage, there is always the question of a fixed or variable interest rate. There are pros to cons to both types, which we will explore below.Fixed Rate MortgageTo start, the fixed r ...

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Centum Financial Services Announces Manitoba's First Mortgage Program for Nurses

Centum Financial Services Announces Manitoba's First Mortgage Program for Nurses

June 4, 2020 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

WINNIPEG, Manitoba - June 3, 2020 -  Centum Financial Services Limited Partnership is pleased to partner with the Association of Regulated Nurses of Manitoba to offer a new mortgag ...

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When Is Mortgage Refinancing a Bad Idea in Winnipeg, Manitoba?

When Is Mortgage Refinancing a Bad Idea in Winnipeg, Manitoba?

June 3, 2020 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

Property owners refinance their homes and commercial properties all the time. As your credit improves and you have built more equity into the property, it may make fiscal sense to refinance when inter ...

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Bank of Canada maintains target for the overnight rate, scales back some market operations as financial conditions improve

Bank of Canada maintains target for the overnight rate, scales back some market operations as financial conditions improve

June 3, 2020 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is &frac1 ...

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5 Smart Ways to Use a Home Equity Line of Credit

5 Smart Ways to Use a Home Equity Line of Credit

April 15, 2020 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

For homeowners across the globe, home equity lines of credit (HELOCs) have become a handy way of tapping into the value of their homes. However, when borrowing money against your home, it is always a ...

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How Does COVID-19 Impact My Mortgage?

How Does COVID-19 Impact My Mortgage?

April 1, 2020 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

How Does COVID-19 Impact My Mortgage?With the COVID-19 pandemic spreading across the globe, more people than ever are being laid off from their jobs and are unable to make their mortgage payments, or ...

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What should you consider when refinancing your mortgage in Winnipeg, Manitoba?

What should you consider when refinancing your mortgage in Winnipeg, Manitoba?

April 1, 2020 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

Mortgage rates are at a historic low. If you're thinking about refinancing your mortgage, you could possibly save significant amounts of money over the years. Especially in the first years of owning y ...

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Bank of Canada lowers overnight rate target to 0.25 percent

Bank of Canada lowers overnight rate target to 0.25 percent

March 27, 2020 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. T ...

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Should You Pay Off Your Mortgage Early in Winnipeg, Manitoba?

Should You Pay Off Your Mortgage Early in Winnipeg, Manitoba?

February 18, 2020 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

It's a dream to be able to pay off your mortgage early, but is there a downside?  While it sounds like a great idea, there are some factors to consider before doing so.  This article will ex ...

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Real Estate: Should You Refinance Your Mortgage?

Real Estate: Should You Refinance Your Mortgage?

January 8, 2020 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

Should you refinance Your Mortgage? There is a multitude of reasons why a homeowner may be considering refinancing their mortgage. However, before any final decisions are made it is always a good id ...

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Should You Spend the Full Mortgage Amount You're Approved For?

Should You Spend the Full Mortgage Amount You're Approved For?

August 26, 2019 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ...

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Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!

Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!

August 19, 2019 | Posted by: Adrian Schulz - Winnipeg Mortgage Broker: Rental Property Financing and Commercial Mortgage Solutions

Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more. If you bought your home more than a few years ago, you could probably benefit from a refinance ...

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