Making those monthly mortgage payments can be tough, especially during an economic recession. However, there are things you can do to make meeting those mortgage payments easier. With the summer months approaching, you should try the four tips...
If you're planning on applying for a mortgage, it's critical to ensure that you have a good credit rating before you make an application. A bad credit score could mean that you are faced with extra terms and expenses like a co-signatory, higher...
If you're a first-time home buyer, you will be faced will all sorts of new decisions, not just about your new home itself but also about other important factors like your mortgage. And just like choosing the perfect home, choosing the right type of...
The ultimate question to ask yourself when you’re thinking about buying a property is: can you afford it? The fact is, taking on a mortgage means that you will have a significant amount of debt to pay off for several years to come. This is not a...
Mortgage penalties can be a source of concern for any mortgage holder, and for many Canadians, just calculating the cost of breaking a mortgage has been a major cause of headaches and confusion. Often, people will miscalculate the cost of their...
Self-employment is one of the biggest rising trends in today's working world. Freelancers, entrepreneurs, independent contractors - these are the people who are driving much of the 21st century working world. However, while there are many advantages...
We just finished discussing types of mortgages, now let’s talk about payment options. Typically, mortgage payment options look like this: Monthly Payments Bi-Weekly Payments Accelerated Bi-Weekly Payments Weekly Payments Let’s go through and...
If you’re just getting into the mortgage game, there are a ton of options available to you. You might see on the news that some bank just lowered its 5-year variable-rate mortgage to 2.99%, but does that mean it’s your best option? Let’s take...
An interesting article published in the Globe at the end of last year revealed a surprising statistic: “during the past year – a time when household debt has soared to a record high – 32 per cent of borrowers have managed to dramatically...
Unlike homeowners in the U.S., interest you pay on your mortgage in Canada is not tax deductible. Since you can end up paying almost the entire price of your home in interest over the years, this means you’re effectively losing tens of thousands...
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