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Tag Archives | exciting

Weekly Advice Series: The Trouble With Debit Cards

The Trouble with Debit Cards We live in a society of instant gratification. Unlike our parents or grandparents – who saved up for larger purchases – we are often tempted to splurge on bigger-ticket items simply because we have a debit card in hand when we head out “window shopping”. And aside from overspending thanks […]

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Weekly Advice Series: Choosing Your Mortgage Amortization

Choosing Your Mortgage Amortization Selecting the length of your mortgage amortization period – the number of years it will take you to become mortgage free – is an important decision that will affect how much interest you pay over the life of your mortgage. While the lending industry’s benchmark amortization period is 25 years, and […]

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Weekly Advice Series: Examining No-Frills Mortgage Products

Examining No-Frills Mortgage Products While No-Frills mortgage products typically offer a lower – or more discounted – interest rate when compared with many other available products, the lower rate is really their only perk. This type of product will only seem ideal for you if you have no plans to take advantage of benefits that […]

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Weekly Advice Series: Remaining Proactive In Trying Times

Remaining Proactive In Trying Times With the uncertainty of job loss racing through many people’s minds these days, taking a proactive approach to this issue by putting mortgage payments aside while you’re still actively employed can help set your mind at ease. Planning for the future and potential job loss is one of the most […]

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Weekly Advice Series: Have You Considered Opting for a 50/50 Mortgage?

Have You Considered Opting for a 50/50 Mortgage? Hybrid mortgages – also known as 50/50 mortgage products – include an equal mix of fixed-rate and variable-rate components within your single mortgage. This means you get the best of both worlds – the security of fixed repayments with the flexibility of a variable rate. Although there […]

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Weekly Advice Series: Tips for Paying Off Your Mortgage Faster

Tips for Paying Off Your Mortgage Faster Mortgages in Canada are generally amortized between 25 and 30 year terms. While this seems a long time, it does not have to take anyone that long to pay off their mortgage if they choose to do so in a shorter period of time. With a little bit […]

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Weekly Advice Series: How to Determine the Best Mortgage Term

How to Determine the Best Mortgage Term Choosing the mortgage term that is right for you can be a challenging proposition for even the savviest of home-buyers. By understanding mortgage terms and what they mean in dollars and sense, you can save the most money and choose the term that is right for you. The […]

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Weekly Advice Series: Tips to Keep in Mind Between Your Mortgage Approval and Funding Dates

Tips to Keep in Mind Between Your Mortgage Approval and Funding Dates In light of the new market realities and tightening of credit underwriting standards by both lenders and mortgage default insurers as of late,  keep in mind that now – more than ever – it’s important to be careful what you do between the […]

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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 – Single Ladies Buying Homes

Single Ladies Buying Homes It’s becoming increasingly apparent that a greater number of women are now taking the reigns when it comes to home purchases. There’s a growing trend among single women – and, more precisely, professional single women – who are becoming independent homeowners. While many of them may be putting off marriage, they’re […]

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