Accessing Home Equity to Finance a Home Reno

Accessing Home Equity to Finance a Home Reno

Do you want to add an ensuite? Finish the basement? Give the kitchen a makeover? A home renovation is an excellent way to increase the functionality of your home while also giving a boost to its value, but most homeowners don’t have cash on hand to pay for upgrades out of pocket. That doesn’t mean … Continued

Suburban or Urban Living?

Suburban or Urban Living?

When it’s time to move, you can be faced with many options. The whole process of deciding on a location can be quite overwhelming. A condo in the ByWard Market, close to all the action and within walking distance of work? A freehold home in Westboro, with endless character? A new build townhome in family-friendly … Continued

Steer Your House Shopping

Steer Your House Shopping

When it’s time to purchase a home, it’s easy to get caught up in looking at places that are well outside of your budget. It is, after all, going to be the place where you and your family spend the most amount of time, so naturally you want to love it. And although it may … Continued

Is It Worth Avoiding Mortgage Insurance?

Is It Worth Avoiding Mortgage Insurance?

Mortgage insurance is an extra premium applied to any mortgage purchased with 5% to 19.99% down payment. Also known as mortgage default insurance, mortgage loan insurance, or CMHC insurance, this premium helps to mitigate risks for lenders and helps home buyers who otherwise would not be able to purchase a property qualify for homeownership. As … Continued

Debt Consolidation in the New Year

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Credit cards: those two little words that can cause a mountain of debt and stress that can derail your short- and long-term financial ambitions. Falling into the pits of debt can easily feel like a form of suffocation without the right strategies and solutions that can help alleviate that burden. Debt consolidation can offer you … Continued

A New Landscape for Home Buyers

A New Landscape for Home Buyers

  With so many changes in the mortgage and housing industry recently, getting ready to buy a house can be more than a little overwhelming. Here is what you need to know about the changes and some of the impacts:   New Qualification Rules New qualification rules were rolled out last October by the Department … Continued

3 Red Flags After Making an Offer for Purchase

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Finding a home that you think might just be “the one” can be an exciting feeling, but it can also be overwhelming until that closing date finally arrives. It takes a lot of steps to get to that moment, from finding a real estate agent to viewing a multitude of open houses and securing mortgage … Continued

A Deeper Look into Mortgage Pre-Approval

A Deeper Look into Mortgage Pre-Approval

Whether you are a first-time homebuyer or looking to upgrade your existing house, the house hunt process should always start in the same place; with your mortgage advisor. There is no sense viewing houses before you have a clear picture of what your spending limit is. Obtaining a mortgage pre-approval should always be your starting … Continued

Making the Best of the New Approval Rules

Making the best of new approval rules

With the stricter mortgage qualification rules that went into effect in October, many people won’t receive approval for as high of a mortgage as they may have in the past. Although this may dampen the search for your perfect house, there are many ways you can make the most of the new situation. The rules … Continued