DISCLAIMER: This post is written for buyers, in other words, people who do not currently own a tenanted property. This post is not suggesting in any way that the rights of an existing tenant be infringed upon. Purchasing a residential property? The two words that matter this Spring are ‘Vacant Possession’. Your contract had best […]

There are many different perspectives on how people want their home to look. Some want a modern look while others like traditional cottages, for a few examples. But one thing that more and more people want is smart technology in their homes. This adds value and desirability to your home making it easier to sell […]

Some of the last rounds of changes from the government regarding qualifying for a mortgage made an impact on how your line of credit affects the mortgage application. Lenders are now required to use 3% of the balance as the monthly debt repayment obligation when determining how much of a mortgage you can afford.  They […]

In order to get out of debt, not only do you need a plan, but you need to execute that plan. That’s why I’ve created this simple, five-step, get-out-of-debt checklist that can help you leave that financial burden behind you. As you work on your plan, you’ll need to make all of the necessary adjustments […]

An accelerated payment is a mortgage payment that is increased slightly so that you can pay off your mortgage faster. There are two common types of accelerated payments: bi-weekly and weekly. Of the two, bi-weekly is the much more common choice because most people get paid bi-weekly and can match their mortgage payments to be […]

The purchase price you negotiate when buying or selling a home is just one part of the total cost in the transaction. In addition to the purchase price, there are several other fees – known as closing costs – all of which you need to factor into the purchase or sale price. Closing costs tend […]

If you’re an entrepreneur, business person or commercial investor then you probably need a commercial mortgage if you don’t already have one. Where should you start? Do you call your bank, or do you call a commercial mortgage broker? I recommend you call your bank. Yes, that’s right; I’m a commercial mortgage broker and I […]

One of the single greatest determining factors in whether you can become qualified for a mortgage is your credit history. The credit history could also determine the rate that you qualify for as well. Unfortunately, many people don’t know this and can be completely blindsided when it comes time to qualifying. However, the truly unsettling […]

What do you do when you’re tired of the 9 to 5 daily grind and want to strike out on your own? For gal pals April Brown and Sarah Sklash, it was obvious – buy an ageing motel in the country and renovate it. If it sounds like a business plan that could never work, […]

Nearly half of all existing mortgage in Canada will be up for renewal in 2018. Stated in a Financial Post article by Armina Ligaya, CIBC Capital Markets estimates 47% of all existing mortgages will need to be refinanced in 2018. All of this coming on the heels of rising interest rates and changes to key mortgage […]