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

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

What is an Uninsurable Mortgage?.

When it comes to mortgages, insurance is necessary to protect the lender on these types of loans, which deal in large sums of money. There are three different tiers relating to insurance, which all have different minimum down payment amounts and varying premium insurance fees. Insured mortgages typically have a less than 20% down payment and [...]

By |2023-03-22T12:49:08-04:00March 22nd, 2023|Financial, home, mortgage, tips|0 Comments

Selling Your Home in the Spring?

Are you looking to sell your home? We have a few tips to help you make the most of the spring season! Hire an Experienced Realtor: Before preparing your home for the Spring market, you will want to hire an experienced realtor! A good realtor will serve as your guide through the entire sales process, [...]

By |2023-03-14T16:16:25-04:00March 14th, 2023|Financial, General, home, mortgage|0 Comments

Need an Appraisal? Tips for Success.

If you are looking to buy a home or want a current value of your property, you will need an appraisal. Before banks or lending institutions can consider loaning money for a property, they need to know the current market value of that property. The job of an appraiser is to check the general [...]

By |2023-02-28T12:04:23-05:00February 28th, 2023|General, home, mortgage, tips|0 Comments

How to provide a tax-free gift to your children with the CHIP Reverse Mortgage.

The current economic landscape can be challenging for young Canadians to navigate as they face great uncertainty with heightened interest rates and inflation. It can be frustrating as they are just starting to build their career, considering buying a home or starting a family. If you are a parent, you may be thinking about [...]

By |2023-02-23T09:19:13-05:00February 23rd, 2023|Financial, home, mortgage, tips|0 Comments
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