Tag: financial literacy
Mortgage after bankruptcy – how to get a fair deal
How to get a fair mortgage deal after bankruptcy Buying a home is a significant milestone, and it can feel daunting, especially after going through bankruptcy. However, owning a home after bankruptcy is achievable with careful planning and a proactive approach to securing a mortgage. In Canada, there are specific steps and strategies to help […]
Private mortgage lenders: how to use them successfully
If your mortgage broker suggests a private lender mortgage, you’ll probably have many questions. That’s a good thing! In order to use private lenders successfully, you need to make sure you understand how this choice will work for you. Just as importantly, you need a plan for how you’ll move on and replace the private […]
Quick and dirty deets on the new First Home Savings Account
Can the FHSA help you buy your first home? On April 1, 2023, the Canadian government introduced the First Home Savings Account (FHSA) that is basically a hybrid between an RRSP and a TFSA. Like an RRSP, the FHSA reduces your taxable income, giving you either a bigger tax refund (which you can use to increase your […]
Seniors and reverse mortgages: unlocking your home’s value
Aging in place with confidence: how reverse mortgages can benefit you If you’ve reached that point in life where you’re thinking about the years ahead and what you want them to look like, your financial plan plays a big part in the options available to you. The idea of ‘aging in place’ – staying in […]
How to buy your first home in 10 steps [infographic]
A 10-step roadmap for first-time homebuyers: how to buy your first home The journey to buy your first home is an exciting and pivotal time in your life. In my work as a mortgage broker I’ve had the privilege of helping many people find their first homes, so I understand that this process can also […]
How to buy your first home by 29
What’s the rush? The financial “why” HSBC did an interesting study in the UK in 2014. It suggested that if you buy your first home by 29, you create a positive cycle that not only benefits your own financial situation, but that of your future children as well. Buying early gives enough of a boost that you […]
Is the bi-weekly mortgage payment always better?
The mystique of the bi-weekly mortgage payment I met with clients over the weekend to do some mortgage planning. They’re buying their first home, and they had lots of great questions about lender options, how to decide between a variable rate or fixed rate mortgage, and the mortgage process. Then they said something I’ve heard clients […]
4 first time homebuyer programs you should know about
Buying your first home in Toronto? … Or surrounding areas such as Etobicoke, Mississauga, Oakville, or beyond? There are first time homebuyer programs you should keep in mind when doing your mortgage planning. They’re brought to you by both the federal, provincial, and Toronto governments. Two key things you’ll need to save for when buying your […]
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