November 18, 2024
According to Mortgage Professionals Canada, 23% of Canadian mortgage holders will renew their mortgage within the next year, and 50% will renew within two years. […]
November 18, 2024
The First Home Savings Account (FHSA) is a tax-advantaged savings plan introduced in Canada to help individuals save for their first home. It combines the benefits […]
June 24, 2024
Hello Friends !! The summer is finally here and we hope that you’re enjoying the warm and sunny weather. If you have vacation plans, we wish […]
March 20, 2024
A generation ago – most retirees did not have mortgages. Mortgage planning was not part of retirement planning. This was primarily because of two reasons: […]
January 5, 2024
With the consistent rise in mortgage rates over the past year or so, the prospect of renewing a mortgage in 2024 has become a concern […]
December 1, 2023
The increase in the Banak of Canada Prime rate over the past 20 months, aimed at tackling rising inflation, has left numerous Canadians cash-strapped until the anticipated lowering of the Prime rate in 2024. So what can be done?
November 25, 2023
Choosing whether to refinance your existing mortgage or getting a second mortgage depends on your financial goals. If your existing mortgage has a good rate and a noticeable time left in its term, you should probably think of keeping it rather than refinancing it and getting a second mortgage instead.
September 19, 2022
The 5 Cs of Credit is a term used to describe the pillars of input that go into determining if a lender will lend you the money. They are Capacity, Capital, Collateral, Credit and Character.
April 28, 2022
When it comes to interest rates, an expression One Cannot See Dollars from the Pennies is frequently true… We pay attention to getting the […]
March 7, 2022
With the prices skyrocketing over the past year, it is very difficult to find a multi-bedroom property for a decent price. That said, if you […]