Lower Your Mortgage Payment

Mortgage Payment

๐Œ๐”๐’๐“-๐‘๐„๐€๐ƒ ๐ข๐Ÿ ๐ฒ๐จ๐ฎ๐ซ ๐ฆ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐ซ๐š๐ญ๐ž ๐ข๐ฌ ๐ก๐ข๐ ๐ก๐ž๐ซ ๐ญ๐ก๐š๐ง ๐Ÿ‘%. What if breaking your current mortgage will save you money (๐˜ข ๐˜ญ๐˜ฐ๐˜ต ๐˜ฐ๐˜ง ๐˜ฎ๐˜ฐ๐˜ฏ๐˜ฆ๐˜บ)? Even when you include the pre-payment penalty. When interest rates fall, breaking your existing mortgage and renegotiating a new one at a lower interest rate can save you thousands of dollars. ๐‡๐ž๐ซ๐ž’๐ฌ […]

Why is Budgeting Important?

How to Budget

What are you budgeting for, a family vacation, a bigger home or maybe a shiny new car? In this day and age, “things” are becoming easier to purchase and have. From pens to furniture, we can go shopping and find just about whatever we need (or want!) It used to be you had cash in […]

Investing in Suited Properties

Benefits of Income Suite

By: Brian Banks โ€“ FreedomVest Properties Investors see good value in suited properties. The three big profit centres are positive monthly cash-flow, paying down your mortgageโ€™s principal and value appreciation over time. These all contribute to your overall return on investment (ROI). Learn more about adding a suited property to your investment portfolio. Freedom from […]

Could Your Mortgage Use a Spring Check-Up?

Mortgage Review

Now that spring has sprung, itโ€™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 โ€” 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, itโ€™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 doesnโ€™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. Hereโ€™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 โ€œstress testedโ€ 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 […]