Avoiding a Fall Financial Storm!

A July 7 report from Statistics Canada on the financial state of Canadians says that, “Middle-income earners were affected most by inflationary pressures over the last year, as they spent an average of $1,306 more than they earned in income in the first quarter of 2023, while they had positive net saving of $521 in the [...]

By |2023-09-25T15:52:52-04:00September 25th, 2023|Financial, General, home, mortgage, tips, Uncategorized|0 Comments

The True Cost of Downsizing

Many Canadians consider downsizing during their retirement years. Once their children have left the nest, the choice seems obvious: relocate to a smaller residence or a more affordable town and capitalize on the price difference. For many retirees, the funds from the sale of their home can significantly impact their overall lifestyle and financial [...]

By |2023-09-11T11:40:36-04:00September 11th, 2023|equity, Financial, home, mortgage|0 Comments

What do Your Teenagers Need to Know about Money?

As adults, we all know the critical importance of managing money wisely and the impact our financial situation has on our overall well-being. As parents we do our best, but there are plenty of life lessons we need to teach our kids, and personal finance doesn’t always top the list. We may also not [...]

By |2023-09-05T16:01:05-04:00September 5th, 2023|Financial, General, home, mortgage, tips|0 Comments

Choosing Your Ideal Payment Frequency

Your payment schedule is the frequency that you make mortgage payments and ranges from monthly to bi-monthly, bi-weekly, accelerated bi-weekly or even weekly payments. Below is a quick overview of what each of these payment frequencies mean: Monthly Payments: A monthly payment is simply a single large payment, paid once per month; this [...]

By |2023-08-17T12:05:22-04:00August 17th, 2023|Financial, home, mortgage, tips|0 Comments

Many reasons to consider refinancing.

Refinancing Your Home Life happens. Whether you are facing financial emergency, wanting to improve your financial situation, put more into your investment portfolio or simply wanting to spoil yourself with a long overdue trip, mortgage refinancing can be the answer – when done properly! Renewing Your Mortgage When it comes time to [...]

By |2023-07-19T10:11:12-04:00July 19th, 2023|Financial, home, mortgage|0 Comments

Unlocking Home Equity: The Benefits of a Reverse Mortgage vs a HELOC.

Do you need help to meet your retirement income needs? With rising inflation, accessing sufficient cashflow for your desired lifestyle can be challenging. However, with over 70% of Canadians owning their homes, tapping into home equity can be the cashflow solution you need. Tapping into Home Equity If you want to remain in your current home, [...]

By |2023-06-06T10:32:50-04:00June 6th, 2023|equity, Financial, home, mortgage, tips|0 Comments

What You Should Know About Mortgage Amortization

Your mortgage amortization period is the number of years it will take you to pay off your mortgage. Depending on your choice of amortization period, it will affect how quickly you become mortgage-free as well as how much interest you pay over the lifetime of your mortgage (longer lifetime equals more interest, whereas a [...]

By |2023-05-25T15:20:03-04:00May 25th, 2023|Financial, home, mortgage, tips|0 Comments

How to Pay Off Your Mortgage Faster

When it comes to homeownership, many of us dream of the day we will be mortgage-free. While most mortgages operate on a 25-year amortization schedule, there are some ways you can pay off your mortgage quicker! 1. Review Your Payment Schedule: Taking a look at your payment schedule can be an easy way to start paying [...]

By |2023-05-25T14:48:12-04:00May 25th, 2023|mortgage, tips|0 Comments

Mortgage Pre-Approval vs. Pre-Qualification

When it comes to getting a mortgage, there are a few things you can do in advance to make the mortgage process easier! getting pre-qualified The purpose of mortgage pre-qualification is to help you get a general idea of what you can afford when shopping for your new home. Pre-qualification will take your own [...]

By |2023-04-26T14:45:08-04:00April 26th, 2023|Financial, General, home, mortgage|0 Comments

Mortgages For The Self-Employed

Self-Employed and Seeking a Mortgage. Approximately 20% of Canadians are self-employed, making this an important segment in the mortgage and financing space. When it comes to self-employed individuals seeking a mortgage, there are some key things to note as this process can differ from the standard mortgage. Qualifying for a Mortgage In order to [...]

By |2023-04-11T11:40:57-04:00April 11th, 2023|Financial, General, home, mortgage|0 Comments
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