Search Results for 'mortgage planning'

Self employed? Mortgage planning is *key*

January 21, 2019 | By | Add a Comment

What you need to know about getting a self-employed mortgage If you’re an entrepreneur, small business owner, consultant, or work on contract rather than full-time salary, and will be mortgage shopping soon, just a heads up. It’s getting harder and harder for people who are self-employed to get mortgage financing. Salaried employees can easily prove […]

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Retirement mortgage planning? Make the most of your biggest asset…

September 26, 2011 | By | 1 Comment

According to Ipsos-Reid, almost a quarter of Canadian Baby Boomers worry whether they have enough for retirement.  What’s even more concerning is that almost 40% of Canadian adults say they haven’t saved a penny for the future.  If you own your own home, it’s likely some of your retirement plan will include accessing the equity in […]

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Private mortgage rates: why are they so high?

October 22, 2018 | By | Add a Comment

Unpacking private mortgage rates The first step in understanding private mortgage rates is to get back to the basics.  Let’s start with covering those…. What is a private mortgage? Simply put, private mortgages are offered by Canadian mortgage lenders who aren’t your typical “A” or “B” lender.   Big names are Fisgard or New Haven, but […]

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Why a reverse mortgage?

October 8, 2018 | By | Add a Comment

Need money but don’t want to sell your home? A reverse mortgage might be a good option For many Canadians, their actual financial needs in retirement are different from what they planned for. In fact, many find themselves struggling to make ends meet or must alter their lifestyle to get by. I’ve heard stories of […]

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Fixed or variable rate mortgage: which is better?

September 9, 2018 | By | 1 Comment

Fixed or variable rate mortgage: is rate the only thing to look at? One of the biggest questions you’ll face when planning your mortgage, is whether to lock in to a fixed rate or choose a variable rate mortgage. Currently, the 5 year fixed rate is around 3.19% – 3.89%, depending on your credit score, […]

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New mortgage stress test for 2018 – why you might want to buy or refinance *now*

October 20, 2017 | By | 2 Comments

Purchase – or refinance – before the rules change in January If you’re looking to buy with a down payment of more than 20 percent, or if you’re considering refinancing, then you might want to do so before January 1st.  Why?  On October 17, the Office of the Superintendent of Financial Institutions (OSFI) released new […]

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Difficulty making mortgage payments?

September 19, 2017 | By | Add a Comment

Many factors can make it hard to make your mortgage payments Sometimes unforeseen financial circumstances can result in your having difficulty making mortgage payments.  Or perhaps your financial stress results from taking on too much other high-interest debt. It can be tempting to want to conceal your debt problem for as long as possible. But […]

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Planning for moving day

June 2, 2017 | By

    Moving into a new home is an exciting time but it can also be stressful. Don’t despair. Whether you’re doing it yourself, asking friends for a little help or hiring professionals, here is your moving guide to help get you through it. Two Months Before Sort and purge – Go through every room […]

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