7 Mar

Mortgage Monday – Closing Costs

Mortgage Monday

Posted by: Tyler Cowle

This weeks industry term which is used all the time, is the Closing Costs.  What are they and what do they mean for your mortgage? Closing Costs are legal and administrative fees that are payable by the buyer in a real estate transaction and are due prior to the transfer of the property title.  These […]

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2 Mar

When the Future Becomes the Present.

Money

Posted by: Tyler Cowle

Thinking about retirement before it happens is just common sense. But what questions should you be asking yourself? While seeking the advice of a professional like a retirement advisor can be helpful, there are a few questions to start thinking about as you begin to plan. Deciding early what your wants and priorities will be […]

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28 Feb

Mortgage Monday – Stress Test

Mortgage Tips

Posted by: Tyler Cowle

This weeks industry term which is used all the time, is the Stress Test.  What is it and what does it mean for your mortgage? The Stress Test was introduced in 2018 as a way to ensure that the Canadian Housing Market remains strong by making sure that home owners can afford their mortgage payments […]

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23 Feb

5 Reasons to Invest in a Home Inspection.

First Time Homebuyer

Posted by: Tyler Cowle

While home inspections might not be the most exciting part of your home buying journey, they are extremely important and can save you money and a major headache in the long run. In a competitive housing market, there can sometimes be pressure to make an offer right away without conditions. However, no matter how competitive […]

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22 Feb

Mortgage Monday – TDS – Total Debt Service Ratio

Mortgage Tips

Posted by: Tyler Cowle

This weeks industry term which is used all the time, is the TDS or the Total Debt Service Ratio.  What is it and what does it mean for your mortgage? The Total Debt Service Ratio is very similar to the GDS discussed in last week’s post; in fact, it adds to the GDS calculation.  The […]

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16 Feb

Power Up Your Finances.

General

Posted by: Tyler Cowle

Let’s face it, mere mention of the word “money” can make people shift in discomfort. In an era in which the veils are being lifted off many societal taboos, a shroud of shame hangs stubbornly over money talk – we’re taught to fear it, we’re taught it’s too complicated, and those are all messages meant […]

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14 Feb

Mortgage Monday – GDS – Gross Debt Service Ratio

Credit Score

Posted by: Tyler Cowle

This weeks industry term which is used all the time, is GDS or the Gross Debt Service Ratio.  What is it and what does it mean for your mortgage? The Gross Debt Service Ratio is another fairly simple calculation and reflects your base shelter costs (or potential base shelter costs).  This is one of the […]

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7 Feb

Mortgage Monday – L.T.V. – Loan-To-Value

Mortgage Monday

Posted by: Tyler Cowle

One of the industry terms we use is LTV or Loan-to-Value.  What is it and what does it mean for your mortgage? The Loan-to-Value is basically a number from a simple calculation; which reflects the amount of risk that a lender is willing to take on when considering offering a mortgage to a borrower and […]

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4 Feb

10 Ways to Lower Your Heating Bill!

Homeowner Tips

Posted by: Tyler Cowle

Heating bills are substantial – and can be a surprise for new homeowners who haven’t paid for utilities before.  There’s no getting around this expense, but there are ways to reduce it.  Here are just 10 ways you can lower your heating bill! 1) Improve Your Insulation You can hire a professional to blow cellulose […]

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3 Feb

Understanding Insurance!

General

Posted by: Tyler Cowle

Not all insurance products are created equal. One of the most common mistakes homeowners and potential homeowners make is that they hear the word “insurance” and just assume they have it! Well, you might have one kind of insurance, but you might be missing coverage elsewhere. It is important to understand all the different insurance […]

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