Penny-Ann Lupton - Authors Articles

What exactly is a Mortgage Broker and Why Should I Use One?

Are you undecided about using the services of a mortgage broker or sceptical as to what a mortgage broker can do for you? The purpose of this article is to clarify the many advantages and benefits you will receive when using the services provided by mortgage brokers in Canada. I am optimistic that after reading this article Canadians will have a much better understanding about the services provided by a mortgage broker, and will consider using a mortgage broker for their mortgage financing needs. Read

By: Penny-Ann Lupton | 12/04/2009 | Mortgage

Should I Purchase a House Now or Wait for the Market to Hit Rock Bottom?

One of the most common questions that first time homebuyers ask is "Should I buy a house now or wait". Many first time homebuyers are worried about purchasing a house at exactly the right time, especially in today’s market. People are so concerned about the timing, housing prices are low, interest rates are at record lows, and yet they still think they should wait. If you’re on the fence about purchasing your first home, here are few things you should consider. Read

By: Penny-Ann Lupton | 09/04/2009 | Real Estate

Tips For A Mortgage Refinance In Ontario

We've all heard about the housing crisis that faces the country, in response to this crisis the banks have been consistently lowering interest rates. This has prompted many homeowners to consider refinancing their mortgage for a low mortgage rate. Before you consider a mortgage refinance in Ontario there are few things you should be cautious of, the first and most important is your penalty. Read

By: Penny-Ann Lupton | 03/03/2009 | Mortgage

Everything You Should Know About Cash Back Mortgages In Canada

It's more difficult than ever for a person with no down payment to get a mortgage in Canada. With the cancellation of the zero down mortgage programs, many people now believe that if they don’t have 5% down payment to buy a house they won’t be approved for a mortgage. Although it’s a little more stringent, it’s still possible to get zero down mortgages, however it’s in the form of what the banks call cash back mortgages. Read

By: Penny-Ann Lupton | 25/02/2009 | Mortgage

Canadian Government Grants for First Time Homebuyers

The uncertainty in the market has made it an opportune time if you are buying your first house to get a good deal, but the banks are making it harder to get a mortgage. The more stringent guidelines that the banks have imposed are making it more challenging for people to qualify for a mortgage. The good news is that the Canadian Government is trying to help. They are offering government grants for first time homebuyers. Read

By: Penny-Ann Lupton | 27/01/2009 | Real Estate

Beware of Balance Transfers!

They call it a balance transfer and it makes perfect sense when they advertise these cards, transfer your debt that is being charged 19% interest on one credit card to another credit card at a lower interest rate. It sounds too good to be true doesn’t it, remember that old saying about something that sounds too good to be true, it usually is! Read

By: Penny-Ann Lupton | 20/01/2009 | Debt Consolidation

Tips on Getting Out of Debt After the Holidays

After the holidays many people end up in too much credit card debt, what we need is a good plan to help us get out of debt and stay out of debt. This article will offer tips for consumers on consolidating their high interest credit card in order to save thousands of dollars in interest charges and pay down debts much faster. Read

By: Penny-Ann Lupton | 20/12/2008 | Debt Consolidation

Should I Purchase a Home When the Bottom is Falling Out of the Housing Market?

Times are scary right now, it’s virtually impossible to turn on the TV without hearing about how housing prices are dropping at an alarming rate. Unfortunately, because of the influences south of the border our housing market is suffering. Add to that the instability in the stock market and the rapid decline of the loonie, people are running scared. Read

By: Penny-Ann Lupton | 15/12/2008 | Real Estate

Penny-Ann Lupton - Articles