A recent post on our social media pages and a couple of paragraphs in an older blog briefly discussed the different between a 15 year and 30 year amortization, and the different between the two of them. In real estate, amortization is an accounting term that refers to the repayment of a loan principal over time. Please…
Back into real estate this week! It seems like we are in for an interesting Q1 of the year with house prices. The weakening trend has done next to nothing to help affordability in the country’s most expensive markets. So what do experts propose as a financial strategy this year for future…
Unfortunately, we are not covering real estate or mortgages this week due to a topic that feels quite pressing for the start of a new year. The last years of our lives have led us to working more (too much more!), being constantly connected thanks to evolving smartphones, but to what price? As human beings,…
The last couple of months have seen more blogs than usual being published for your education and entertainment. Today marks the end of another big year in the real estate market across Canada, and a fresh page will begin again tomorrow in our lives. This fresh page could…
As we are couple of weeks away from a new calendar year, there is one thing that has clearly changed in the business world. In the words of the famous CEO Gary Vaynerchuk, “Entrepreneurship has been put on such a pedestal, and people are going to suffer from it”. He doesn’t necessarily mean from a…
As we move along this flurry of blogs in the last few weeks, and discussing the important aspects of homebuying to veteran or first time buyers, we want to cover a more mathematical aspect that can help you make decisions by yourselves and potentially save you time in the mortgage acquisition process. …
It’s December! At the beginning of November, we discussed the benefits and disadvantages of the variable rate mortgage. A month later, it’s time to talk about the fixed rate mortgage (FRM). The interest rate for a fixed rate mortgage stays the same for the full term of the mortgage. Payments are set…
Last week, we discussed the mortgage pre-approval and why it is important for first time homebuyers to go through this process and the long term benefits. Fast forward a few years into home ownership, and some families may find themselves in a situation where they’d like to tweak things a little bit, for whatever financial…
As stated in last weeks’ blog, buying a home can be an extremely difficult process, and most new homebuyers make tons of mistakes and don’t get what they need in the end. This week, our article will cover one of the crucial steps in getting the money you need from the lender, in order to…
Buying a new home. It’s never an easy task and is often emotionally draining. Whether alone or with family, you are making a life-changing decision, at least for the foreseeable future; so you want to get it right! Many couples and/or families go through this process a few times in their lives and often repeat…
