A no-frills service or product is where non-essential features have been removed from the product or service to keep the price as low as possible. And while keeping costs low at the expense of non-essential features might be okay when choosing something like which grocery store to shop at, which economy car to purchase, or […]
You’ve most likely heard that there are two certainties in life; death and taxes. Well, as it relates to your mortgage, the single certainty is that you will pay back what you borrow, plus interest. With that said, the frequency of how often you make payments to the lender is somewhat up to you! The […]
With the latest stats claiming that about half of marriages end in divorce and with around three-quarters of Canadians being homeowners, it’s important to know how to handle your mortgage if you decide to separate. Here’s a quick list of things to consider. Keep making your payments. A mortgage is a legally binding contract between […]
Climate change is fast becoming a factor in some people’s decisions to purchase real estate. Some residents of places like Kelowna might see this as good news to keep the population low in our city. However, if you’re a seller what should you do to convince buyers not to worry? In some cases, the fear […]
Before you buy your new home with a suite there are a few things to consider. If you’ve never been in charge of renting out your home, collecting rental information, performing security checks, and reviewing references then this is a great resource, to begin with. Learn about some of the pitfalls of renting your suite […]
If you’re looking to do some home renovations but don’t have all the cash up front to pay for materials and contractors, here are a few ways to use mortgage financing to bring everything together. Existing Home Owners – Mortgage Refinance Probably the most straightforward solution, if you’re an existing homeowner, would be to access […]
Buying your first home is a big deal. And while you may feel like you’re ready to take that step, here are 4 things that will prove it out. You have at least 5% available for a downpayment. To buy your first home, you need to come up with at least 5% for a downpayment. […]
If you’re not all that familiar with the ins and outs of mortgage financing, the term “second mortgage” might cause a bit of confusion. Many people incorrectly assume that a second mortgage is arranged when your first term is up for renewal or when you sell your first home. They think that the next mortgage […]
