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 […]

Get Out of Debt

Pay Down Credit Card Debt

Paying off consumer debt can be a way to help qualify for a mortgage or a larger mortgage amount. Lenders use guidelines when calculating how much mortgage someone can qualify for. Loans, credit cards, lines of credit are all factored into the equation. Here are some tips to help pay down debt to help qualify […]

Become Mortgage Free Faster

Ways to Pay off Your Mortgage

How many years from now do you want to own your home and become mortgage free? As you may already know, paying your mortgage off the traditional way takes 25 to 30 years and costs about twice the purchase price of your home. Here are some practical ways to pay off your mortgage sooner, build equity […]

Eliminate Bad Debt and Take on Good Debt    

Drowning In Debt

More and more Canadians are drowning in debt. The increased household debt in Canada has become a favourite topic in the media. I’m sure you’ve seen many of the statistics in the news lately and read about the stricter mortgage rules the government implicated. One way to move towards financial freedom is to get rid of […]

Getting Your Mortgage Approval on Track

Mortgage Declined

Just because the timing doesn’t work currently, doesn’t mean you have to lose hope about buying a home. Here are some common reasons people don’t receive mortgage approvals right away and ways to increase their chances of being approved for a mortgage in the future. Start by asking why you didn’t qualify for the mortgage. […]

Ways to Improve Your Credit Score for a Mortgage

Ways to Fix your Credit Score

It is essential to fix issues on your credit bureau before applying for a mortgage. Here are some tips to improve your credit and increase your credit score. The best time to start working on your credit is now, 6-12 months before you apply for a new mortgage. If you’ve had severe credit challenges, it […]

Property Taxes

Homeowners are required to pay property taxes every year. Typically they are determined by the municipality and based on a property’s assessed value. The money collected goes towards funding infrastructure. This includes schools, recreation facilities, parks and green spaces, maintaining roads, and hiring police officers and firefighters. When taking possession of a new home, property […]

How A Mortgage Payment Works

Mortgage Payment Frequency

There are many options when choosing a mortgage payment. The best payment choice depends on an individual’s preference and financial goals. Payment frequency and payment acceleration are the two main factors you need to consider. Here is some information to help determine the best mortgage payment type for you. Mortgage payments are made weekly, bi-weekly, semi-monthly […]