19 Jan

Renewing Your Mortgage

General

Posted by: Kim Schmidt

Did you know? Close to 70 percent of mortgages never make it to the end of their term! This means that, for a variety of reasons, homeowners are ending their mortgages early. However, that still leaves a solid 30 percent of home buyers who keep their mortgage until the term is up and it is […]

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13 Dec

Mortgages and the gig economy

General

Posted by: Kim Schmidt

What is the Gig Economy? Unless you have been living on a deserted island – and lucky you, if you have – you’ve probably heard the term “gig economy”. It seems that every one has a side hustle these days. A growing population of workers have replaced their traditional 9-5 income with a series paid […]

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17 Nov

Create Your Dream Home with a Home Renovation Loan

General

Posted by: Kim Schmidt

If you’ve been spending a lot of time at home, you may have decided that it’s time to give part of it an overhaul. Whether you’re looking to renovate your kitchen, install a home office or finish your basement, it’s going to require money. No matter the reason for your home improvement project you don’t […]

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15 Oct

New to Canada?

General

Posted by: Kim Schmidt

As a newcomer to Canada the idea of purchasing a home is exciting, and likely a little intimidating. You may worry that your bank won’t lend to you because you are new to Canada. Perhaps you haven’t had a lot of time to build credit history and establish credit or maybe you haven’t been employed […]

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10 Sep

Talking To Your Kids About Finances

General

Posted by: Kim Schmidt

Who taught you about money and personal finance? If the answer is no one, that you picked up what you needed to know along the way, then you’re in the same boat as many other adults. It’s not uncommon to feel inadequately prepared to manage your money in the best way possible. If that’s the case, […]

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12 Aug

Posted Rates Explained

General

Posted by: Kim Schmidt

The internet isn’t the friend it once was to people looking for the lowest mortgage rate. All the mortgage-rate comparisons you’ll ever want to see are available online, but there’s an increasingly problematic lack of context and explanation. If you spot a great rate online, look for asterisks and fine print that explain who qualifies. […]

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17 Jun

Borrowing from your RRSP?

General

Posted by: Kim Schmidt

Finding the money for a down payment is often the only obstacle for Canadians looking to buy a house. This is because it requires a major financial contribution before the process of buying a home can begin. Have you heard that your retirement savings should only be used when you retire? Lots of financial advice […]

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4 May

A new and tougher mortgage stress test?

General

Posted by: Kim Schmidt

You may have heard that Canada’s financial regulator is implementing a new stress test. Would You Pass or Fail the Mortgage Stress Test? So, what is a mortgage stress test, and how do you study for it? Relax, it’s not that kind of test.  To qualify for a mortgage at a bank, you will need […]

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19 Apr

Self-Employed Mortgages

General

Posted by: Kim Schmidt

You’ve struck out on your own and you’re enjoying the freedom of working for yourself. While entrepreneurship should be rewarded, when it comes to mortgages, it hasn’t always paid to be self-employed – because reducing your taxable income can make it difficult to qualify for the mortgage you deserve. The first issue is the fact […]

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26 Mar

Getting a Mortgage after Bankruptcy

General

Posted by: Kim Schmidt

While you have probably been told by your nosy neighbour that you cant possibly buy a property for 7 years after filing for bankruptcy, it is not only possible, but it happens all the time. When your bankruptcy is discharged, it means the chance to start fresh. All of your debts have been cleared away […]

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