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. […]
June 24, 2024
For many homeowners, home improvements aren’t just about creating a more comfortable living space – they’re also the key to boosting property value. Here are the home improvement […]
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 […]
December 29, 2021
Probably not, but it also depends on what keeps you up at night… It’s pretty safe to assume variable rates are going up!! Probably as […]
February 17, 2021
It’s time to revisit your mortgage strategy. Mortgage rates are down, both on the fixed and variable sides. It’s all over social media and the news. […]
December 7, 2019
So you own a home and would like to buy an investment property, but all of your savings have been locked up in your home? The answer to your problem is a Home Equity Line of Credit or HELOC.
October 18, 2017
When the Prime rate went up by 0.5%, my feelings were mixed… Yes, my variable rate mortgage payments went up and I wasn’t happy about it, […]
September 22, 2017
If you are considering a refinance for any reason – to consolidate your debt, pay for your kids’ education, renovate your home or buy an investment […]
April 7, 2017
A well know Toronto scenario: “Our tiny bungalow is now worth $1M dollars! We should sell it!…” Which then begs the question – “Where would we […]