Most people experience a point in their lives when they need access to a large amount of cash, whether it be for a major purchase, home renovation, investment or an emergency. When you don’t have the funds on hand, you can always access the equity in your home through a cash-out mortgage refinance. As the value…
This weeks’ blog is dedicated (and a warning!) to those who want to buy their first home. The following are suggestions of what NOT to do in the purchase process. Buying the wrong home is too big of a financial mistake to make, so take your time and as they say, “enjoy…
Our guest blogger Jason was very kind to continue his story about home ownership (and toilets!). Enjoy the rest —————————————– So back in 2011 while on vacation in Berlin Germany, I had the brilliant idea of bringing a toilet back home to Ottawa with me in my checked luggage. And the best part – actually…
Our mid-month blog has come earlier than scheduled due to the recent big news about mortgage rules changing, which are going to be discussed here. So what exactly is happening? Sadly, rates are going up for consumers and many people will have trouble acquiring mortgages because the housing market will change and high-ratio buyers will…
Owning a private property and running a business are two different things, but simultaneously both very doable! What this blog will attempt to explain is the difference in process of investing in a property that is used commercially, if you run a business that is. When the value of a residential property is being considered,…
Before meeting with a real estate agent to go house hunting, it’s a good idea to meet with a loan officer first to make sure you qualify for the type of mortgage you desire. Once you have an idea of what suits you best, learning the steps to getting a mortgage comes next. The best place…
Making the switch from home renter to home owner is a challenging shift for pretty much everyone. The hardest part by far is saving enough money for a down payment on your first home. If you are serious about this goal you will make it your number one priority in the upcoming few years to…
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…
