Mortgages
Lower Your Cost Of Living By House Hacking!
Watch Your Cost Of Living Drop When You House Hack! Cost of living is an important component of your personal financial picture. Whatever your income, your cost of living directly reduces your bottom line as you spend on living expenses. For most people, the cost of shelter is by far their largest expense line item.…
Read MoreSelling Your House: Improvements That Will Help
Cheap And Easy Improvements To Help When Selling Your House! If you’re selling your house and thinking about home improvements to help, expensive kitchen and bath remodels may come to mind and seem impossible. Would you be surprised to learn that with just a few hundred dollars and a little effort you could make improvements…
Read MoreIs A Reverse Mortgage Right For You?
What Is A Reverse Mortgage? If you’ve heard the term reverse mortgage but don’t really understand what it means or how they work, here is a quick look at the basics of reverse mortgages and how they work. We’ve all heard the commercials saying that you can get cash for your home while you continue…
Read MoreSaving For A Downpayment – Tips To Buy Your First House
It’s Time! So you’ve decided it’s time to take the next step in your financial life and buy a house – congratulations! This is a great day! But once you start looking at the numbers, the amount you’ll need for a downpayment may become daunting. Don’t despair! There are plenty of tips and tricks to…
Read MoreRefinance Your Mortgage To Pay Off Student Loans
Is It Worth The Risk To Pay Off Student Loans? There is an option for you if you own a home to refinance your mortgage to pay off student loans. The question is whether or not it is worth the effort and the risk. Here are three of a number of considerations to help you decide…
Read MoreAsk These Questions Before Choosing a Mortgage!
Important Money Questions About Your Mortgage Anytime you are dealing with complex financial decisions or documents like getting a mortgage, it pays to ask questions. A couple of obvious questions may come to mind anytime you think “mortgage”. First, what is the interest rate on this mortgage? We all know we want the lowest possible…
Read MoreDon’t Believe These Real Estate Myths About Selling!
Beware Of Tax Myths When You Sell Selling your home is a serious and complicated venture. Did I mention complicated? It is many times over. When its time to sell you have to roll up your sleeves, get out the calculator and get things going to get the house ready and on the market so you…
Read MoreCanada Tightens Mortgage Qualifications Again!
New Mortgage Qualifications Make It Harder To Buy A Home Until now, home buyers who chose the five year fixed rate mortgage could qualify based on the contract rate, not the mortgage qualifying rate. The contract rate was always considerably lower than the MQR. This practice made mortgage qualifications easier for a larger mortgage. But…
Read MoreAre Home Renovations A Good Investment?
Will Your Home Renovations Pay Off? For most of us, our home is our largest single asset. From a financial perspective making home renovations to keep your home in good condition is a smart move. Routine maintenance and repairs to keep your home up reduce the risk of larger more costly repairs that could occur due…
Read MoreGetting A Mortgage In Canada May Get Tougher!
New Regulations Make Getting A Mortgage In Canada Tougher. Canadian homebuyers need to prepare for a new reality starting November 1, 2016 when getting a mortgage. The nation’s financial regulator announced new regulations impacting banks and lenders in mid-September. The proposed regulations are draft guidelines and are up for comment until October 18th, but if…
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