Blog

August 24, 2020

Real estate is one of the main streams of income for many of the wealthiest in the world. To understand the importance of credit scores when seeking a mortgage, we first need to understand what the phrase “credit score” actually means. Read More

July 28, 2020

The Home Buyers’ Plan was created by the government to help Canadians get over the big hurdle of saving up a down payment for their home. It allows qualified individuals to borrow up to $35,000 from their registered retirement savings plans (RRSPs) to use toward the down payment. The money needs to be repaid within 15 years to avoid having it count as taxable income.  Read More

July 21, 2020

With the easy availability of credit these days, it’s rare to have to save up a significant amount of money to make a purchase. For most, the one exception to this rule is the down payment on a home. Canadian mortgage rules require you to… Read More

June 9, 2020

The interest rate on your mortgage has a big effect on your monthly payment. Naturally, you want to get the lowest rate possible. Since it can take some time to finalize the sale of the home – especially when you’re building a home instead of buying a resale home –  it’s normal to worry about what rate you’ll end up with. Will interest rates go up while you’re shopping? If so, will you still be able to afford the home that you want? Read More

June 8, 2020

The Canada Mortgage and Housing Corporation announced a tightening of its underwriting criteria on Thursday. In this article, we will cover what these changes will mean to you, the importance of credit when buying a home, how to boost your credit score, and other great tips on how to qualify… Read More

May 19, 2020

The COVID-19 crisis has changed so much of everyday life that it’s hard to believe some things are carrying on as normal. You’re concerned about everything going on in the world around you, but the bills still need to be paid. Read More

December 13, 2019

When you’re shopping for a brand-new home, it seems like the sky is the limit. New homes seem to have almost unlimited configurations, and there are many upgrades you can make to have the home look just the way you want it. Of course, the more upgrades you choose, the higher the price of the home. The cost can quickly add up. Read More

December 2, 2019

Applying for a mortgage can be a lesson in patience. To get approval, you need to dot all of your I’s and cross your T’s. If you want your application to go smoothly, it’s best to be sure that you’re coming with everything the lender needs to make a decision. To make it easier for you, we’ve put together this list of the basics. Most of them are required whether you’re applying for a pre-approval or for the actual mortgage. If you already have the pre-approval, you may only need to bring some updated versions of the things that you’ve already submitted. Read More

November 8, 2019

To successfully invest in real estate, you need to pay careful attention to the numbers. Is a particular property affordable? Will you make money or lose money once you’re able to rent it out? Some people overestimate how easy it is to make money through real estate, and you don’t want to get in over your head. Read More

November 4, 2019

If you’re retired or are approaching retirement age, you’ve undoubtedly seen quite a few advertisements about reverse mortgages. Perhaps you’ve been thinking about whether it would be a good idea for you to access some of your equity to use toward everyday bills. Read More