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

What to Do with My Variable Rate Mortgage?

What to Do with My Variable Rate Mortgage?

Today marks a rare moment for many variable-rate borrowers because the Bank of Canada hasn’t raised its overnight rate in more than seven years, which means there are many among this group who have never experienced a rate rise (this is the part where the older generations shake their heads). Well, after years of ultra-low … Continued

New to Canada? Your Mortgage Guide

New-to-Canada-Your-Mortgage-Guide

  New to Canada? We welcome you with open arms! If purchasing a home is on the top of your list for life in this country, it will be important to learn what is involved and how you can borrow money for your new home in Canada. Let us help you familiarize yourself with the … Continued

Should You Take Out a Second Mortgage?

Should-You-Take-Out-a-Second-Mortgage

A second mortgage is another loan that has second priority behind your first mortgage. And just like your original mortgage, it uses your home as collateral. While it can be beneficial in many situations, it can also be a risk if not considered appropriately.  Here we explore the advantages and risks you should consider and … Continued

What Does “Qualifying Rate” Really Mean?

What-Does-Qualifying-Rate-Really-Mean

If you’re looking to buy a home and need to get a mortgage you will first need to qualify. Qualification gives the lender confidence that you have enough income, low enough debt, and a good enough track record of paying off debt to be a low-risk borrower. If you don’t have the conventional mortgage down … Continued

Buying a Vacation Property

Buying-a-Vacation-Property

As Canadians, we know that there’s really no greater way to spend our spare time than up at the cottage. It’s one of our most cherished past times and a good old Canadian staple. If you’re keen on the idea of buying a cottage or vacation home for you and your family to enjoy, consider … Continued

Surviving Until Closing Day

Surviving-Until-Closing-Day

When you sell your home, you will typically want to set an ideal closing date – one that allows you to move from your old home into your new home on the same day. Unfortunately, it doesn’t always happen this way and you may have a few days or even weeks before you can move … Continued

Simplify and Save with Debt Consolidation

Simplify and Save with Debt Consolidation

Finding it difficult to pay down your debts? You’re not alone. If you have multiple loans or credit cards, you could be paying much more than you need to. By consolidating your balances to a single line of credit, you can not only save on interest costs, but better manage your money as well. Here … Continued

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