6 Interesting Facts About Mortgages to Consider & 4 Random, Fun Facts
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STRESS TEST TIGHTENING AGAIN
By now you must have heard about the mortgage qualifying "Stress Test". The Stress Test was implemented to protect you so that if rates substantially increase during your term, come renewal time, even with the higher rate, you should still be able to afford your mortgage payments. Basically...
ONTO THE NEW BEFORE MOVING OUT OF THE OLD
So you've found a new home but move in before you receive the sale proceeds from your current home? Not a problem if you don't need to use the sales proceeds for your down payment but what if you do? Read on to see if Bridge Financing is an option for you!
FITNESS FOR YOUR FINANCES
Tackling Your Debt Resolution Knocking down debt levels often leads the list of New Year’s resolutions for maxed-out Canadians (according to an annual survey by Angus Reid conducted in 2016). But where to start… (A) Make BILL PAYMENTS on EVERY PAY DAY: Most bills have a monthly due date but if you get paid… Continue reading FITNESS FOR YOUR FINANCES
Looking Back On 2016 – A Summary of This Year’s Major Changes to Canada’s Housing Rules
A Summary of This Year's Major Changes to Canada's Housing Rules Every December, we look back and marvel at how fast the year went by. 2016 was no different but looking back, this year had a lot more changes than many others. There was Brexit, Summer Olympics in Rio de Janeiro, an unexpected Trump… Continue reading Looking Back On 2016 – A Summary of This Year’s Major Changes to Canada’s Housing Rules
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