You’ve most likely heard that there are two certainties in life; death and taxes. Well, as it relates to your mortgage, the single certainty is that you will pay back what you borrow, plus interest. With that said, the frequency of how often you make payments to the lender is somewhat up to you!
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Protect Your Credit Through a Divorce
Divorces are challenging as there’s a lot to think about in a short amount of time, usually under pressure. And while handling finances is often at the forefront of the discussions related to the separation of assets, unfortunately, managing and maintaining personal credit can be swept aside to deal with later.
Continue reading →Understanding your Employment Status
Chances are if you’re applying for a mortgage, you feel confident about the state of your current employment or your ability to find a similar position if you need to. However, your actual employment status probably means more to the lender than you might think. You see, to a lender, your employment status is a strong indicator of your employer’s commitment to your continued employment.
Continue reading →Bank of Canada Rate Announcement Oct 27th, 2021
Bank of Canada maintains policy rate and forward guidance, ends quantitative easing. The Bank of Canada today held its target for the overnight rate at the effective lower bound
Continue reading →Difference Between Deposit and Downpayment
If you’re new to the home buying process, it’s easy to get confused by some of the terms used. The purpose of this article is to clear up any confusion between the deposit and downpayment.
Continue reading →If You’re Looking to Sell Your Property, Start Here
If you’ve been thinking about selling your existing property, for whatever reason, it would be in your best interest to connect with an independent mortgage professional before calling your real estate agent or listing it yourself.
Continue reading →Downpayment Options
Your downpayment refers to the initial payment you make when buying a property through mortgage financing. A downpayment is always required when purchasing, because in Canada
Continue reading →Pay Down Your Mortgage Faster
Being a home owner is excellent, having a huge mortgage isn’t. So, if you have a mortgage that you’re looking to get rid of as quickly as possible, here are four things you should consider doing.
Continue reading →Bank of Canada Rate Announcement Sept 8th, 2021
Bank of Canada maintains policy rate, continues forward guidance and current pace of quantitative easing
Continue reading →Before You Co-Sign a Mortgage
So you’re thinking about co-signing on a mortgage? Great, let’s talk about what that looks like. Although it’s nice to be in a position to help someone qualify for a mortgage, it’s not a decision that you should make lightly. Co-signing a mortgage could have a significant impact on your financial future.
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