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Weekly Advice Series: Using Home Equity to Your Advantage

Using Home Equity to Your Advantage Canadians purchase homes for a variety of reasons. Some want the stability of owning their own home, while others also look at home ownership as an investment vehicle. No matter what the reason, the truth is that home ownership has proven itself to be a good stable investment over […]

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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: 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: 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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