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Posted by: Tyler Cowle
When it comes to mortgages, one of the most important influencers is interest rate but do you know how this rate is determined? It might surprise you to find out that there are 10 major factors that affect the interest you will pay on your home loan! Knowing these factors will not only prepare you […]
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The Credit Challenge. For most people, credit score isn’t something you spend much time thinking about. Especially if you are someone who is making good money and paying all your bills on time. When you are in that boat, it feels pretty good! But, when you miss a payment or you struggle to pay all […]
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Immigrating to a new country is a big step with many challenges that one must go through before starting their new life there. For this reason; many Canadian Banks, Lenders and Insurers have introduced New To Canada Mortgage Programs; aimed at assisting new immigrants through the home ownership journey here in Canada! Many of the […]
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So, you are looking to purchase a second property! Congratulations! This is a great opportunity for you to expand your financial portfolio and ensure stability for the future. However, before you launch into this purchase there are a few things you should know, depending on which type of second property you are looking to purchase. […]
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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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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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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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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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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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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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