Unemployment or reduced employment is a reality for many Canadians right now. Homeowners are struggling to make their payments in this new economic landscape. The federal government, CMHC, and lenders are willing to help borrowers in good standing by deferring their payments for up to six months. If this is an option you are considering [...]
Many Albertans spent the better part of 2019 saving up for a new home in the hopes of becoming a homeowner this year. If you were one of the many wanting 2020 to be the year you achieve this goal, you may notice that the housing industry is completely different from even a few months [...]
For many people, their home is their biggest investment. However, sitting on that much equity can feel pretty useless if you’re unable to access it. Luckily there are several products that allow homeowners to use their investment even before it is completely paid off by borrowing against the equity in their home. The two most [...]
Your home just isn’t doing it for you anymore. Maybe the kitchen is too small, there aren’t enough bedrooms for your growing family, or you just can’t stand the lack of windows in the living room. It’s perfectly normal for homeowners to feel as if they’ve outgrown their home. After all, the typical amortization period [...]
Refinancing can be a great financial tool for some homeowners. It can make extra room in your budget, help you to pay off debts quicker, or even put you on the fast track to your personal goals. Here are some of the most common ways we help our clients to get the most out of [...]
Amortization may seem like a complicated term, but it simply refers to the length of time it takes to pay off your entire mortgage. This period is mainly impacted by two factors: the amount of your down payment and your personal preference. Canadian homeowners who put less than 20% down on a house are required [...]
When it comes to purchasing a home, there are a lot of factors to consider. From moving costs to CMHC insurance, it may seem like you and your family are being subjected to an endless barrage of hidden fees. In this week’s article, we want to discuss a common service you may be offered while [...]
Building your credit can seem impossible when you’re first starting out, but the reality is that you need good credit for any major purchase. Buying a home, a car, or even applying for financing are all instances where good credit is going to make your life a lot easier. We want you to know that [...]
Refinancing is a great tool to improve the terms of your mortgage or decrease interest rates. Some homeowners even use refinancing as a way to consolidate debt and gain financial freedom faster. As with any tool, there is a right way and a wrong way to use it. Here are 3 of the most common [...]
Purchasing a home is a big investment. Not only is it a time consuming process, but it requires a good chunk of capital up front and over the entire amortization period. Many homeowners want to be able to access or leverage their home’s equity well before it’s ever paid off. The good news is that [...]
Recent Comments