Getting A Second Mortgage
Understanding the Process of Getting a Second Mortgage and Its Purpose For individuals less acquainted with the intricacies of mortgage financing, the concept of “getting a second mortgage” can be puzzling. Contrary to common misconceptions, a second mortgage does not refer to the mortgage obtained after selling or renewing a first property. Instead, it pertains…
Read Article...How To Pay Off Your Mortgage Faster
It’s quite common to fall into the habit of living paycheck to paycheck, only covering the bare minimum on your bills for months or even years. Have you thought about setting new savings goals? More importantly, have you been able to achieve them? Have you thought about how to pay off your mortgage faster? Often,…
Read Article...The Importance of Choosing the Right Mortgage
The importance of choosing the right mortgage and understanding the value of the features is an important part of your journey. When it comes to certain services or products, opting for a no-frills option can be a smart way to keep costs low. However, this principle doesn’t necessarily apply when selecting a lender for your…
Read Article...Using Your RRSP for a Home Downpayment
Are you thinking of buying a home and wondering how you’ll come up with the downpayment? Did you know that the government of Canada offers a program called the Home Buyer’s Plan (HBP) that allows for using your RRSP for a home downpayment? Qualification for the HBP (Home Buyer’s Plan) To qualify for the HBP,…
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