Fixed Rate Vs. Variable Rate Mortgage
The decision to choose a fixed or variable rate is not always an easy one. It should depend on your tolerance for risk as well as your ability to withstand increases in mortgage payments. You can sometimes expect a financial reward for going with the variable rate, although the precise magnitude will ebb and flow […]
Getting a Mortgage Pre-Approval
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 […]
Financing for the Self-Employed
Although the financing rules for self-employed individuals have changed in the last few years, the good news is that obtaining a mortgage has actually never been easier! The issue many self-employed individuals face is that the 6 big banks can no longer provide financing to someone who is self-employed unless their income is confirmable. However, […]
How Important is your Credit Score?
In Canada, there are two credit reporting agencies, Equifax and TransUnion. These agencies create credit reports and credit scores for Canadian Consumers based on the information that creditors supply them. Here are some of our suggestions on how to attain a speedy credit score boost: First things first, you should pay down your credit cards. We recommend paying […]
Refinancing Your Home
Did you know you can combine all your high-interest credit cards and car loans into a low-rate mortgage? As many of you are aware, consolidation of debt is the most effective way to improve your family’s cash flow, lower your interest rate and improve your credit score. If you are carrying an excessive amount of debt […]
Mortgage Life Insurance Explained
Mortgage professionals can protect their clients’ families and their homes through a mortgage life insurance policy. Mortgage life insurance is simply a life insurance policy on the homeowner which will allow their family or dependents to pay off the mortgage on their home should something tragic happen to them. This is not to be confused […]
Buying vs. Renting
At some point in their lives, most Canadians have probably asked themselves whether it is better to buy or rent a home. Purchasing a home is one of the biggest decisions most people ever make. Ultimately, the decision is a personal choice, but it helps to look at the pros and cons of buying to […]
