Tag: toronto

My #1 financial tip? Give yourself (good) credit!

February 22, 2016 | By | 1 Comment

First: me, blogging about finance? My blogging on this site sometimes feels a bit uncomfortable. I hate that I might sound “preach-y”, or worse, bossy (something I’m kinda sensitive about, being the oldest child of four). And in reflecting on what my # 1 financial tip would be, who do I really think I am, trying to come […]

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What are B lender mortgage rates?

February 15, 2016 | By | 2 Comments

How much do alternative lenders charge? If you’ve considered a B lender, chances are you’re worried about how much exactly you would need to pay.  In my experience, people often get alternative lenders confused with private lenders, which is an entirely different group of mortgage lenders.  In fact, B lender mortgage rates are typically much less than people […]

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7 tips for mortgage after consumer proposal

February 1, 2016 | By | 5 Comments

Getting a mortgage after a consumer proposal? If you’re like most people, getting a consumer proposal feels like a big relief at first. You want to get this thing done and then move on with your life. But the moving on can become very frustrating because potential new creditors, such as when you want to […]

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Single and want to buy your first home?

January 25, 2016 | By | 4 Comments

Here’s what you need to know One of the fastest growing trends in Canada is single people buying their first home on their own, rather than waiting for a partner.  According to CMHC, in 2011 a full 42% of owner-occupied condos housed singletons, and single person households are expected to continue growing. Are you wondering if […]

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Falling deeper into debt?

January 18, 2016 | By | Add a Comment

Debt is on the rise…  Yes, again It seems like this is the time of year when we hear a lot about household debt.  In one bankruptcy blog, the author writes that while a lot of focus has been directed at the real estate market, in 2015, consumer credit – i.e. non-mortgage debt – grew […]

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Buying a house for more than $500K? Check your down payment

December 28, 2015 | By | 5 Comments

Minimum down payment increase – what you need to know On February 15, 2016, the minimum down payment rules will be changing in Canada.  On homes purchased for more than $500,000, the portion of the house price over $500,000 will require at least a 10% down payment, rather than the current 5% down.  The minimum down payment for the first $500,000 […]

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Why use a mortgage broker? 10 reasons

December 4, 2015 | By | Add a Comment

Latest Home and Mortgage Newsletter The December 2015 issue of our mortgage newsletter covers a question you may be wondering about – what benefit do I get from using a mortgage broker? It covers 10 great ones!  (And for more, check out my thoughts on this, here, and some client testimonials, here!) There’s also a […]

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What is a private mortgage? Another entry in the mortgage glossary

November 16, 2015 | By | 6 Comments

What is a private mortgage and why might you want one? A private mortgage is one that is offered by an individual or a company who is not a mainstream or alternative institutional lender.  The private lender is willing to lend money out to borrowers who have equity in their property, need financing for a […]

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