Getting Ahead Financially, and other stuff
So now that you finally have a #mortgage, and you’re a #homeowner, the first thing you should do is figure out how to get rid of your mortgage! Here are 4 ways you can do that.read more
If you happen to be going through, or considering a #divorce or #separation, you might not be aware that there are #mortgage products designed to allow you to #refinance your property in order to buyout your ex-spouse.read more
Here is a list of things you should NEVER do in the time between your financing complete date (when everything is set up and looks good) and your closing date (the day the lender actually advances funds).read more
2019 mortgage rules are not all that different from last year. But that doesn't mean much. Everything is still pretty much upside down.In fact, since the stress test came into play, I am happy to report the government has not made any other major...read more
If you have no desire at all to qualify for a mortgage, here are some great ways to make sure you don’t accidentally end up buying a house and taking out a mortgage to do so.read more
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent.read more
If you bought a house, or had a mortgage renew roughly five years ago, there's a chance the struggling economy and the relatively low interest rate environment (at the time) influenced you to "play it safe" and lock in a mortgage term for the next ten years. Because,...read more
Recently the good people over at Nest Wealth published an article called "The Worst Money Advice We've Ever Heard". On the list was "Always keep a small balance on your credit card". What they have to say on the subject is spot on: Someone, somewhere, starting telling...read more
If you have been looking to find the right first home within your budget, it's a matter of mind over money, here's some tips from Genworth Financial that will help you keep perspective! It’s hard to say “goodbye” to your dream home. But if you fall for a house that’s...read more
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. The global economic expansion is moderating largely as expected, but signs are emerging...read more
A home is the largest purchase most people will make in their lives. That should reinforce the importance of planning ahead, doing your research, relying on the advice of experts and not rushing through the process. With nearly 700,000 homes purchased in Canada each...read more
Credit. The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future. When you borrow money to buy a house, you will be required to prove that you have a good history of managing your credit. But what...read more
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