2014 is almost half way over but do not fret, it is not too late to implement some changes to aid your mortgage. Keep organized and you can still obtain as good mortgage deals. Here are 7 mortgage tips for the rest of 2014. Due to the new mortgage regulations implementing in 2014, lenders are extra…
Mortgage default insurance, also known as “mortgage insurance” helps Canadian buy a home sooner and with a lower down payment. It protects lenders against any loss caused by unpaid payments, or a property sale that does not generate enough money to pay the outstanding balance. According to The Financial Post, starting May 30th, 2014, Canada Mortgage and Housing…
Mortgage can bring a hurricane of questions and troubles for home buyers. The Globe and Mail recently put up the question of “Should you get pre-approved for a mortgage?” Let’s break everything down and take a look. You’ll get an idea about the price range you should aim for during your househunting. By knowing how…
Meet Evan and Violet. They are married, 27 and expecting their first child. They also both have good jobs and unfortunately and a big mortgage. They have big and expensive plans for the future. They want to raise three or four children and especially save money for their university educations. However, Violet plans to quit…
There have been numerous reports suggesting the current economy is making it hard for Generation Y to purchase their own property. While it is true for the most part, some milennials are winning the game. While most people in their 20s spend their income for social pleasure, one young adult in Toronto is taking life…
As the housing market becomes more and more expensive, and the economy not helping the youth these days, it’s natural for parents to want to help their children have their own place to live. Parents are more often than not, paying at least the down payment when helping to purchase a home for their…
When it comes to the Canadian housing market, you’ve likely heard the sensationalized phenomenon of the housing bubble that is about to burst at any moment. The conditions to this prophetic, real estate apocalypse began just prior to the 2008 global financial crisis: there was a strong economy, low interest rates, and more lenient lending…
In the last blog post, the booming spring real estate market was discussed. With a change of winds and more sunshine, spring may have you considering the next chapter in your life. With your heart set on a change of scenery, a burgeoning family, or an upgrade for your kin, buying a new home is as…
While there’s still a chill in the air, something within us is awakening and we’re brushing off the dust from hibernating all winter. The promise of spring is soon approaching. There is a consensus among people within the real estate industry that spring is the busiest time of year for real estate, having the most…
We all want the best for our children. For years of their lives we nurture and provide for them – giving them both the emotional security to mature gracefully, and the physical security of a roof over their heads. It’s only natural to want to send your children off into the world with secure footing…
