Wondering if your kid(s) will be able to afford a home is every parent’s worry. With the skyrocketing home prices in Vancouver and Toronto in recent years, current homeowners with a child or a few are not so sure that their offspring will be able to afford homes in the cities they grew up in. […]
5 Smart Ways to Help Your Child Enter the Canadian Housing Market Later Read More »
Nothing beats diversification when it comes to building a solid investment portfolio. Where to find a good investing opportunity then? The stock market is a favourite for many, but it comes with a high level of risk. You’ve also got government backed securities, something that offers little risk but is at the mercy of inflation.
Why You Should Invest as a Private Mortgage Lender Read More »
Loans are getting increasingly more difficult to procure these days, and when you can’t get a loan from banks or your parents, who can you turn to? More and more Canadians are actually resorting to borrowing from alternative lenders and it is becoming more than a trend, it is the future! The Lending Problem If
Alternative Lenders – The New Choice for Canadians? Read More »
No one finds bad credit attractive. It is even much worse when you need to borrow from credit facilities because it shows all the skeletons in your borrowing history. Times when you’ve defaulted in your payments for one reason or another such as failing to pay on time can gravely affect a lender’s decision to
5 Ways to Turn Your Bad Credit Around with Refinancing Read More »
Planning to purchase a new home? Moving to Toronto or Vancouver soon? You might be in for a surprise starting February 15,2016! Vancouver and Toronto’s housing markets are at a frenzy and the Liberal government turned to tweaking lending rules in an effort to cool them down. The Big News In an announcement a few
Toronto and Vancouver Mortgage Rules to Change Starting mid-February Read More »
How’s your debt situation? If you’re making as much as you owe or more, then you’re doing great! The 3rd quarter of 2015 brought some attention-grabbing news as borrowing rose faster compared to income growth for the average Canadian household. With the housing markets in Vancouver and Toronto still as hot as ever and the
Canadian Household Debt Soars to $1.64 for Every Dollar Earned Read More »
Mortgage renewal is a hot topic for Toronto mortgage brokers, but what is it? When your mortgage runs out, you’ll have one of two choices: extend/“renew” your mortgage, or to pay up in full. Since most of us can’t get that much money up on the spot (which is why most of us got a
What is Mortgage Renewal? Read More »
Understanding Canadian interest rates work should be the first step on the road to getting a mortgage or any kind of financing. Interest represents the true profit for a bank or other lender when making a loan; you’ll want to speak with one of our Toronto mortgage brokers to make sure you’re getting the lowest
Understanding Canadian Interest Rates Read More »
Sometimes things don’t go right with your mortgage application, and when that happens you need to make sure that you’re able to get a refund on your mortgage application fees. Whether you’re applying for your first mortgage or a home equity loan, in many situations you’ll be able to get your money back. Depending on
How to Get a Refund on Mortgage Application Fees Read More »
If you bought your house a few years ago and got a great low payment, but you’re starting to realize how all that interest is starting to rack up… it might be time to accelerate your payments. Here we’re going to go over everything that you need to do to make the most of the
How to Accelerate Your Payments on a 25 Year Mortgage Read More »
