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Increasing Your Down Payment by Using Your RRSP If you are planning on purchasing your first home, you can withdrawal up to $35,000 from your RRSP as money for a down payment on your home. This program is called the Home ...

Given our current landscape, co-signing for a mortgage is becoming more and more common. With the economy right now, unfortunately even with a good income and sufficient funds for a down payment, you may not qualify for a mortgage which ...

Purchasing a home is one of the most important financial decisions you will ever make. When it comes to mortgages and how to finance, it can be confusing and overwhelming. To ensure your home purchase goes as smoothly as possible, ...

I’m sure you may be losing sleep if your mortgage renewal is set to happen in the next few months. The media continues to report that rates are increasing constantly, but fear not, there are options and it’s not as ...

What are you waiting for? Is all the negative media getting to you? Remember the media is like fast food, eat (watch) enough of it and you won’t feel great afterwards. Maybe it’s time to tune it out…  Yes, mortgage ...

What is a deposit? A deposit is the money included with a purchase contract as a sign of good faith when you offer to purchase a property. It’s the “consideration” that helps make up the contract and binds you to ...

Your employment status can play a very important role as it relates to your ability to obtain a mortgage. While completing a mortgage application, depending on your employment status and the lender, you may be required to provide 2 years ...

Deciding to sell your home is a huge decision from emotions to finances. Here are three areas to consider before making any decisions.  First, get a comprehensive property evaluation done by a local realtor. A local realtor understands your market ...

A “no-frills” mortgage is the most basic mortgage which has been stripped of all non-essential benefits to keep the price as low as possible.  There are lots of ways to save money in our everyday lives, from shopping at discount ...

Has homeownership been on your mind or is a goal? Is this your first home, next home, retirement home… but the current state of the doom and gloom and the Canadian economy has you worried?  It’s impossible to know exactly ...

A mortgage payment frequency is how often money comes out of your bank account to pay your mortgage. There are a wide variety of frequency options available, so how do you select which is best for you? I suggest to ...

If you are considering buying a property or have a mortgage up for renewal, you might assume that your primary bank (the one you use for your daily needs) will always offer you the best options and advice – however, ...

Recently, I had a past client call me looking for advice, as him and his partner were parting company. The conversation quickly shifted to the mortgage/ matrimonial home and what this means for them. Traditional refinancing only allows for a ...

The recent interest rate hikes by the Bank of Canada may have some variable rate mortgage holders wanting to convert their variable mortgages and lock into a fixed rate mortgage.  It’s understandable why homeowners are considering switching, given the high ...

We have all experienced everyday items becoming more expensive. I wanted to share a few ideas on how to combat it and help keep inflation from impacting your family.  Review Reoccurring Payments Review your credit card statements, chequing accounts and ...