What does it mean to renew your mortgage?

In Canada, the majority of people who buy property do so by taking out a mortgage, which is typically repaid over a specific period of time through a process called amortization. However, most mortgage contracts only last for a period of one to five years. Once the contract comes to an end, the homeowner is…

How Does Inflation Affect Your Mortgage

Inflation is a natural part of a healthy economy, but if it rises too quickly, it can become problematic. When inflation increases rapidly, everyone tries to raise their prices to keep up, which can cause the value of the currency to plummet. This can lead to a recession and, in some extreme cases, currencies have…

Get a head start on your finances for 2024

Managing your finances does not need to be complicated! It just needs to be simple, consistent and effective. 1- If you’re finding that everything is expensive and you’re having a hard time prioritizing your spending every month, create a budget and a plan. 2- With current interest rates, paying down your debt needs to be a…

Why Your Home Value Is Important

Whether you are purchasing a home or looking to refinance, determining the property’s value is an important step in the mortgage application process. This amount will determine the amount of mortgage you’ll be offered. How home value is measured? A home’s value is based on its features. These include square footage, location, age, quality and…

How To Build Credit Score

A good credit score will affect your ability to borrow and also the interest rates that will be available to you. Generally speaking, a good credit score will result in a lower interest rate. How to build credit history that benefits you: Start early The length of your credit history is a key factor in…

Investing in Real Estate

One of the many reasons why my clients are investing in real estate is because of the great financial return. Higher risk tends to generate higher returns. So, in the stock market, for example, you may see individual stocks performing very well. As a basket of stocks, the risk is reduced and the returns are…

Don’t be a part of the 60%- Plan for Renewal!

Did you know that 60% of Canadians simply sign their renewal documents without giving them any thought or review? We find that many Canadians spend time shopping for their initial mortgage, but the same is not true for their renewal! Did you know that often your renewal offer isn’t the best offer available? We can…

Newlywed Now New Homeowners?!

This blog post is for all the newlyweds! So many weddings this summer, therefore so many individuals starting their new life together! Here are a few things I want you to think of as you navigate this new journey together: 1) TO RENT OR OWN? If you’re currently renting, make a plan for how and…

Does credit score really matter?

It sure does! Your credit score is a fast pass to great mortgage rates and excellent terms. It’s essentially proof that you can be trusted to make payments if you’re given a loan of any kind. A high credit score means you’ll get access to the best mortgage rates on the market and have more…