Could Your Mortgage Use a Spring Check-Up?

Mortgage Review

Now that spring has sprung, it’s the perfect time for your annual mortgage check-up. If you make time for a quick review each spring, it may yield you some fruitful financial savings. A mortgage review will examine the most common potential monthly savings opportunities, including high-interest credit card debt or fixed loan payments. Reviewing your […]

What is Title Insurance?

First Canadian Title

Title insurance protects you, the homeowner, against losses associated with title fraud and a variety of other property issues. Title insurance is unlike traditional insurance — it does not just cover things that may happen in the future (e.g. title fraud), but also, property defects that have already occurred in the past, before purchasing your […]

Put Your Tax Refund to Work

Tax Refund

With the average Canadian tax refund at $1400, it’s tempting to spend it carelessly. However, every financial advisor, banker and mortgage broker will tell you… STOP TREATING IT LIKE YOU FOUND IN YOUR OLD JEANS’ POCKET A tax refund is your hard-earned money. You overpaid your income tax deductions throughout the year and you’re now […]

Time to File Income Taxes

Time to File Taxes

April 30th is just around the corner, but it doesn’t have to be stressful this year. Whether you do your own taxes or use an accountant, you can make it easier and less expensive by having your paperwork ready. Follow these simple tips to prepare for filing your income taxes. Spend some time now to […]

Mortgage Stress Test

Mortgage Stress Test

The “stress test” rule can be a little complicated to understand. Here’s a break down of why the rule exists and how it will apply to your mortgage. What does the mortgage “stress test” really mean when applying for a mortgage? When you buy a home in Canada your mortgage is “stress tested” to ensure […]

What is a Mortgage Interest Adjustment?

Interest Adjustment Payment

You pay an interest adjustment amount on your mortgage when the closing date doesn’t fall on the first day of the month. If this is the case, home buyers have to factor into their closing costs an interest adjustment payment. On your closing date, your lender advances your mortgage, but regular interest doesn’t start accruing […]

Money Saving Tips

Save for a New Home

Saving for a down payment to purchase a new home is no easy task. The cost of living is constantly going up and not leaving extra savings after payday. Here are some simple ideas to cut back on expenses and save for a new home. Cancel your cable or satellite subscription. There are other options […]

Buying a Starter Home

Buy a home that fits within your budget and is a good starter home.

Your dream home isn’t always within reach when it comes to buying a house for the first time. This can lead many first-time home buyers wanting to wait and hold off for another year before going forward and making an offer on a place. But will you be chasing a dream forever? Should you wait […]

Invest In Real Estate

Rental Property

When I purchased my first house, I initially never thought of it as an “investment.” It was a place to call home. I had a few buddies that lived with me and covered most of my mortgage payment. After seeing the value of my house increase over a few years, I proactively started looking for […]

Cash Back Mortgage

What is a cash back mortgage?  With a cash back mortgage, you receive a lump sum cash rebate when your mortgage closes. You can use the money to furnish your home, pay off debt or fill your savings account for a rainy day. How much will it cost? Interest rates are slightly higher on a […]