mortgage related articles
Sifting through the usual bombardment of information this morning I came across this article and it really struck me that generally people do not know what they have gotten themselves into when they opt for a secured line using their home as collateral. While the statistics in this article are quite high demonstrating the general lack […]
Credit line or Mortgage? Read More »
Has this ever happened to you? You are house hunting. You have already determined your price range. Now you find a home you love, at the upper limit of your range, but it needs a new roof! You can swing the purchase financially, but you will have no cash left for the new roof. Enter
The perfect home (with some improvements!) Read More »
Your banker and your smart brother-in-law have told you, “make bi-weekly payments and save thousands in mortgage interest!” So, weekly payments should save even more? How about daily payments? Are the banks not allowing daily payments because they would never make money on a mortgage? The moral of the following story: it is not how
Little “White Lies” about Pre-payment Options Read More »
Shop around! Bank employees are paid to protect the bank, and getting the right mortgage from them usually involves playing games. Why waste your time? Getting a good interest rate is crucial, but don’t forget, flexibility and options are also important. Talk to a mortgage professional who can give you impartial advice and is not
Mortgage Free Sooner – Common Sense Ways to Trim Years Off Your Mortgage Read More »
Let’s face it. You’ve worked hard and saved when and where you could. To most Canadians, this is a part of everyday life. Well now finally, let some of the money you have worked for do some work for you. In 1992, the Canadian Customs and Revenue Agency (CCRA) introduced the Home Buyers’ Plan (HBP).
Letting Your Savings Work for You Read More »
Few communities in Canada have escaped having a Grow Op found in their midst. Once busted, the cost to clean up the consequences of having a Grow Op in the home varies from community to community, depending on how active local authorities have become against drug trade. The cost of Reclamation is growing! The Canadian
Grow Ops: What’s Up in Smoke? Read More »