Planning your mortgage renewal - Part 2 of 3 Most people only consider what it takes to enter into a mortgage, but the more important question is what it [...]
What happens at mortgage renewal time? Unlike the United States, Canadian mortgages have a Term period and an Amortization period. The end date of the current mortgage term is[...]
Now That You’ve Read All The Articles In The Series, Please Watch The Instructional Vi…
This plan is not new, but it works. It is designed to keep us motivated while we pay off our debts. There are many philosophies about how and which debt, in a line-up of debts, to pay off first.
Dieticians estimate that 95% of people who lose weight during a diet will put the weight back on once they stop the diet.
Now that we have a better understanding why we create debt, let’s look out for these pitfalls and try to avoid them.
We create debt when our expenses exceed our income. That sounds so obvious. If you Google “what causes debt” it renders 203 million results.
CMHC Confirms, Credit Scores are Improving! Recently published data from the CMHC (Canada Mortgage and Housing Corporation) shows that Canadians in general are more sensible when it comes to[...]
Co-owning a property Sky-high real estate prices in big cities, combined with the new mortgage rules have made it increasingly difficult for first-time buyers to enter the property market. Co-signing[...]
What is an Appraisal? An appraisal is the evaluation of a property’s value for financing or other purposes. In this article, we will cover appraisals for mortgage financing purposes. There[...]