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Tag Archives | invest

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: 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: 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: 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: 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: 10 Questions to Ask Your Home Inspector

  10 Questions to Ask Your Home Inspector The purchase of a home is likely the largest financial expenditure you’ll ever make. And getting your home inspected is an essential step in the home-buying process. No one wants to buy a money pit – and once you have signed on the dotted line, there is […]

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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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