6 Tips for Combining Finances in a Relationship

6 Tips for Combining Finances in a Relationship

Often when couples get married, they decide to merge their finances together too. And it doesn’t always go as magically as the wedding did.  Money is one of those crucial elements that really require both individuals to be on the same page. Tying the financial knot together can be a pretty scary step to take, … Continued

Canada’s First-Time Home Buyer Plans: The Basics

Canada’s First-Time Home Buyer Plans: The Basics

Buying your first home can be an adventure full of wonderful moments, and thanks to Canada’s First-Time Home Buyer (FTHB) Plans, you can reap some tremendous benefits. What are these plans and how do you qualify for them? Here are the basics that every first-time homeowner should be aware of: What are Canada’s FTHB Plans? … Continued

Denied by the Bank? Don’t Give Up!

Denied by the Bank? Don’t Give Up!

With the recent changes to the Canadian mortgage landscape, including the first rate increase in nearly a decade and more stringent qualification requirements, more people will have issues getting a mortgage approval this year. And sometimes even those with excellent credit ratings and significant deposits are turned away. To find out why applications get denied … Continued

Rates on the Rise

Rates on the Rise

Bank of Canada increased its overnight rate by 1/4 of a percent for the second time this year and banks were quick to follow with an increase in their prime rates. “Given elevated household indebtedness, close attention will be paid to the sensitivity of the economy to higher interest rates.” Read the Official Announcement Know … Continued

What is a Purchase Plus Improvements Mortgage?

What is a Purchase Plus Improvements Mortgage?

  Most people have never heard of a Purchase Plus Improvements Mortgage before. This is an amazing opportunity when purchasing a home that requires some renovations and updating. A Purchase Plus Improvements Mortgage allows you to buy a home and have the improvement costs rolled up into the mortgage. This means you have the money … Continued

I’m Self Employed – Can I Qualify for a Mortgage?

I’m Self Employed – Can I Qualify for a Mortgage?

  Being self-employed has plenty of benefits – working for yourself, tax write-offs, and freedom of your schedule. But when it comes to applying for a mortgage, it’s often more difficult than one would like. Regardless of what you have heard though, there are options available to help smooth over the process and get you … Continued

5 Essential Tips for First-Time Home Buyers

5-Essential-Tips-for-First-Time-Home-Buyers

Being a first-time home buyer springs an assortment of mixed emotions – excitement, anxiety, eagerness, fear – that all come with the territory when going through the buying process. And with the Canadian housing market still at the top of its peak, it’s been incredibly difficult for first-time buyers to get into the market and … Continued