Life has a way of reminding us of what really matters, sometimes when we least expect it. Recently, I experienced a health scare that gave my family and me a lot to think about. Thankfully, it also gave me a chance to reflect on things we often put off because we assume we will always have more time. One of those things? Getting important documents and financial affairs in order. As a mortgage broker, I spend a lot of time helping people prepare for major life milestones.

Refinancing your mortgage can be a powerful financial tool, but it’s not a one-size-fits-all solution. Knowing when it makes sense and when it doesn’t can save you money and help you make the most of your home’s value. There are many reasons to consider refinancing, from carrying debt due to unexpected financial duress, health issues, or lost income to planned refinancing for home renovations/upgrades. When Refinancing Makes Sense: Lower Interest Rates If current interest rat

I would strongly recommend that when considering a variable rate mortgage or fixed-rate mortgage, you first need to assess your risk tolerance and understand your capacity. What is your tipping point if the BoC is on a rate-increasing trajectory?

The spring market in Alberta is picking up, but, where I’m spending most of my time isn’t with purchases, but with refinances.

I want to address a common question: what should you do with a windfall of cash? Clients often ask me whether it’s better to use these funds to pay down, or to pay off their mortgage, or keep them as liquid assets. Based on my years of experience, I believe in building financial resilience. If you’ve followed me for a while, you know I advocate for bulletproofing your life to better absorb shocks to your personal situation.