This situation doesn’t happen very often, but it does happen; Home owners find themselves owing more than their home is worth!! First let’s just admit, you can’t always plan for it! If your local real estate market is hot, or mortgage interest rates are low, it can very be tempting Read more…
As we grow up, we learn lessons through our mistakes, and the mistakes of those in our lives. The best thing we can do with those lessons is to grow from them, and to teach those younger than us so that they can avoid them! So why do I, a Read more…
The current Liberal government has introduced a new First Time Home Buyer (FTHB) incentive.
This incentive is intended to alleviate some of the strain put on FTHB’s by the increasing cost of real estate in major cities across Canada, as well as to help alleviate some of the impacts from the mortgage guideline changes put in place over the last few years.(more…)
A home equity lines of credit (HELOC) is an option available to home owners that allows them to leverage the equity they have built up in their homes.
When you apply for this type of loan, you can choose to receive a lump sum of cash to use as you please (Full amount or partial), or borrow the sum over time to use as you please.(more…)
When you obtain a mortgage the lender may suggest that you take out Mortgage Insurance (also known as Creditor Life Insurance). Many people chose not to take it, but they also don’t have Life Insurance, and this is problematic as you should definitely have one or the other! So let me explain what they are so you can make the right decision.(more…)
Private lenders have always had their niche market. Traditionally, those using private lenders were individuals who are purchasing properties that are unique and don’t meet traditional lending guidelines (eg., Tiny home), who have bad credit, can’t prove their income, new to Canada and more.(more…)