There are great advantages to having business for self. There are many extremely successful business owners that live great lifestyles but don’t have to pay for medical, all because they have great tax write-offs that bring their income down to a low tax bracket. The other side of this is that these great benefits […]

  With plenty of activity in the real estate market and more new building slated over the next few years, here is my list of “Things to Consider When Buying in a New Development”. Representation Some buyers attend the display suite and consider a purchase directly with the developer sales person or the developers Realtor. […]

CHIP Reverse Mortgage: Resources to Help You Make the Right Decision What Is A Reverse Mortgage And How Can It Help You? REVERSE MORTGAGE NOVEMBER 9, 2015 For most Canadians, your home is your single largest asset. Tapping into this reservoir of accumulated wealth is a good solution for cash-strapped seniors facing increasingly high living expenses. Fortunately, homeowners […]

  One cost that can be overlooked by home buyers is mortgage default insurance. So, what exactly is mortgage default insurance and why do you need it? If you’re buying an owner-occupied home with less than 20% down payment, you are required to purchase mortgage default insurance in order to arrange your financing.  When buying a […]

  The two most frequently asked questions I get are: 1. What are your best rates? 2. What is the difference between fixed and variable rates? Question #1 is actually more complicated than question #2. Why? Because rates are not the only thing you should be looking at when deciding what mortgage product to contract to. Recently, […]

  A lot can change in a year when it comes to mortgages. These changes can provide great opportunities for mortgagees to refinance their mortgage at the time of renewal in order to save money. Unfortunately, most people are under the impression that once they sign on the dotted line they are locked into their […]

In December, Mortgage Professionals Canada released its annual state of the housing market report and found that in 2015, 36% of homeowners took actions to reduce their mortgage debt. While many homeowners think in terms of lump-sum payments, which are a great option, there are other ways to save money and pay down that debt including the […]

  Most of us that have a mortgage would like nothing more than to have our mortgage paid off. Being mortgage-free is an achievable goal. But it is important to think through the process so that you utilize your money the best way possible. You may be surprised what conclusions you draw if you thoroughly […]

  Shopping for a new home can be fun and exciting, but there are many details that contribute to a property’s marketability. Mortgages that have the lowest total cost are reserved for the most marketable properties that are in prime locations as per the lender’s criteria. Please remember that a mortgage professional can never advise […]

  The decision by British voters to leave the European Union (EU) has shocked markets and will no doubt lead to continued uncertainty for an extended period. Stock markets around the world are reeling, the British pound has taken an unprecedented nosedive, commodity prices with the exception of gold are plunging and interest rates are […]