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Tag Archives | buying

Weekly Advice Series: Transitioning from Renter to Homeowner

Transitioning from Renter to Homeowner Transitioning from renter to homeowner is one of the biggest decisions you’ll make throughout your lifetime. That’s why it’s essential to surround yourself with a team of experts – including both a mortgage and real estate professional – to walk you through the steps to home ownership, answer all of […]

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Weekly Advice Series: New to Canada Mortgage Options

Moving to Canada? – Plan Ahead for Homeownership If you have a job awaiting you on Canadian soil, it’s possible to also secure the purchase of a home if you plan ahead and connect with professionals before you even begin packing. The main reason you’ll want to get in touch with the right professionals before […]

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Weekly Advice Series: 10 Most Commonly Asked Mortgage Questions

1. What’s the best rate I can get? Your credit score plays a big part in the interest rate for which you will qualify, as the riskier you appear as a borrower, the higher your rate will be. Rate is definitely not the most important aspect of a mortgage, however, as many rock-bottom rates often […]

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Weekly Advice Series: Buying the Best Home for You

Buying the Best Home for You Before you begin searching for a home, it’s always helpful to think about your needs both now and in the future. And if you have any questions about the home-buying process or different types of real estate, you can always ask your mortgage professional or real estate agent for […]

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Weekly Advice Series: Leasing or Buying a Vehicle Impacts Your Debt Ratios

Leasing or Buying a Vehicle Impacts Your Debt Ratios   The question of whether it’s better to lease or buy a vehicle is a common dilemma. And do you buy or lease a new or used vehicle? The answer depends on the specifics of your situation. It’s important to realize that many consumers overburden themselves […]

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Weekly Advice Series: Making Your Mortgage Interest Tax Deductible

For US homeowners, mortgage interest is automatically tax deductible. But for Canadians, the write-off is not so straightforward. In order to make your mortgage interest tax deductible, homeowners must be able to prove that the money is being reinvested and is not being used for personal expenses. A properly structured mortgage-centric tax strategy has several […]

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Weekly Advice Series: Getting a Mortgage Pre-Approval (2nd Look)

If you are looking for a new home, be sure you are pre-approved. With a mortgage pre-approval, a licensed mortgage professional can do a more complete verification prior to sending you shopping for a home, and with that done, the dollar figure you are going shopping with is actually what you can spend. The mortgage […]

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Weekly Advice Series: Buying vs. Renting

At some point in their lives, most Canadians have probably asked themselves whether it is better to buy or rent a home. And purchasing a home is one of the biggest decisions most people ever make. Ultimately, the decision is a personal choice, but it helps to look at the pros and cons of buying […]

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Weekly Advice Series: 10 Questions Every Borrower Should Ask But Often Don’t.

1. If I have mortgage default insurance do I also need mortgage life insurance? Yes. Mortgage life insurance is a life insurance policy on a homeowner, which will allow your family or dependents to pay off the mortgage on the home should something tragic happen to you. Mortgage default insurance is something lenders require you […]

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Weekly Advice Series: Budgeting Towards Homeownership

Transitioning from renter to homeowner is one of the biggest decisions you’ll make throughout your lifetime. It can also be a stressful experience if you don’t plan ahead by building a budget and saving prior to embarking upon home-ownership. Budgeting is a core ingredient that helps alleviate the stress associated with money issues that can […]

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