Tapping into Your Home’s Equity with the CHIP Reverse Mortgage.

Curious about the CHIP Reverse Mortgage by HomeEquity Bank? If you’re a Canadian aged 55 or older, this financial solution could hold the key to tapping into your largest asset, your home. It’s a unique opportunity that allows you to use your home equity for various purposes, from paying off debts to funding home [...]

By |2024-03-25T09:47:24-04:00March 25th, 2024|equity, Financial, home, mortgage|0 Comments

Amortization Options

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 (a longer lifetime equals more interest, whereas [...]

By |2024-02-29T09:57:29-05:00February 29th, 2024|Financial, General, mortgage|0 Comments

Unlocking a Year of Possibilities: Achieve Your 2024 Resolutions withthe CHIP Reverse Mortgage.

It’s a brand-new year, and if you’re up for it, a chance for a brand-new version of you. No matter how you plan to start 2024, you might have a few ideas about changing things up in the months ahead. Whether you dream of fixing up your home, going on exciting trips, [...]

By |2024-01-29T14:04:47-05:00January 29th, 2024|equity, Financial, mortgage|0 Comments

Avoid Costly Mistakes When Building a New Home.

Building a new home is a super exciting endeavor as you opt to create the perfect space for you and your family. However, building a home is not without its costs and potential surprises… to mitigate bumps on your homebuilding journey and avoid costly mistakes, consider the following tips: Set a Realistic Budget When [...]

By |2024-01-08T16:23:22-05:00January 8th, 2024|home, mortgage, tips|0 Comments

My Mortgage Toolbox

What can you do with my mortgage toolbox app: Calculate your total cost of owning a home Estimate the minimum down payment you need Calculate Land transfer taxes and the available rebates Calculate the maximum loan you can borrow Stress test your mortgage Estimate your Closing costs Compare your options side by side Search [...]

By |2023-11-07T11:50:41-05:00November 7th, 2023|mortgage, tips|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

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

What insurance protection does your new home need?.

With interest rate hikes on pause, more buyers are coming off the sidelines and looking to enter the market. Prices are high, so protecting your investment and your home is more important than ever. What insurance will you need to protect your new home? A quick Google search will turn up entries for title [...]

By |2023-07-19T10:23:55-04:00July 19th, 2023|General, home, mortgage|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

Find Your Perfect Home Type.

When it comes to finding your perfect home, there are so many more options for potential homeowners! From a single-family dwelling to a townhouse to a modular home, the choices are seemingly endless. But, before you start widening your search, let’s take a look at what makes these home types different – and which [...]

By |2023-06-28T11:55:12-04:00June 28th, 2023|Financial, home, mortgage|0 Comments
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