Great article from the financial Post: ” When my husband and I purchased a 2nd home at the end of 2019, we were excited about the lower interest rate compared to our first mortgage. Although we were postponing debt payout and taking on a higher mortgage payment, moving to a lower interest rate was going […]

Should I refinance for a lower rate? Does it make sense to break my current mortgage and lock it in at a lower rate?   If you are looking to free up cash due to layoffs associated with COVID-19 and may need to refinance their mortgage, others might just decide to sell their home or […]

Is your home or condo mortgage Genworth Insured? if so you may be eligible for a rebate of approximately $2000 under their energy efficient housing program. Visit this link to find out more. http://www.genworth.ca/en/products/energy-efficient-housing.aspx

If you can’t pay your debts, these are your last-resort options for relief There are two regulated options: bankruptcy, and the less drastic consumer proposal For those feeling overwhelmed and unable to pay their debts, there are two regulated, last-resort options: bankruptcy, and the less drastic consumer proposal. Both put a freeze on creditors and […]

Why Are Mortgage Rates Rising? Over the past month, the Bank of Canada has lowered its overnight rate by a whopping 1.5 percentage points to a mere 0.25%. Many people expected mortgage rates to fall equivalently. The banks have reduced prime rates by the full 150 basis points (bps). But, since the second Bank of […]

You have fallen on hard times.  You  were out of work for a few months, You had to take time off to look after an ailing relative,  You got injured at work and did not have disability insurance. Basically You have not been able to meet your mortgage payment obligations and  have fallen behind missing […]

How do I pay for everything?  I am finding it hard to budget, enjoy life and get ahead!  How Can I afford to buy my first home? This is a burning question and stressful feeling inside most of us. In order to help you understand and put perspective on this a little better I put […]

Picture this…Its a hot market with multiple offers on limited supply.  Your Real Estate Agent advises that without an unconditional offer you will have no chance of winning the bid on the new home.  You know that you cannot purchase the home unless your home is sold but you take a chance believing that your […]

Buying  a Unique property can come with financing hardship.   Thinking of buying a romantic rustic Log home?   A Home with acreage?  A house with a large workshop? Or what about a fixer upper?   All of these types of properties can cause challenges when it comes to the mortgage financing.   Finding the right […]

Did you know that if you are recently Divorced or Separated,  Have not owned a home in 4 years or have never owned a home before you are qualified as a First Time Home buyer and the privileges that come with it. The RRSP Home Buyers’ Plan: With the federal government’s Home Buyers’ Plan, you […]