Mortgage
Homeowners based out of the U.S. can claim the mortgage interest they pay on their primary residence on their taxes. In the end, it lowers their taxable income. That usually only works for investment properties in Canada. However, if you’re a resident and homeowner in Canada, you know that the mortgage interest you pay on […]
If you’re a homeowner aged 55 or above in need of money, you may want to consider a reverse mortgage. Reverse mortgages in Canada are a great way for home-owners to access funds to cover living costs, travel, and other expenses. And one of the biggest benefits of this type of financial solution is that […]
Collateral mortgages are good for people who want quick access to money. It can be very beneficial in situations where your house appreciates quickly in value. Consider this option if you are getting a good deal and you expect to add value to your home by adding new features or doing upgrades. In this collateral […]
If you’re looking for a mortgage broker to get financing for your dream home, you’ve come to the right place. You don’t have to rely solely on your local bank anymore. Here are some important things to consider when picking a mortgage broker in Canada. Make sure your mortgage broker is available You’ll want […]
Great news! You’ve found the home of your dreams. The only problem is you haven’t closed the sale on your existing property. And, you need the equity in your home to buy the new place. Unfortunately, you can’t get the money until you sell your current home and close the deal, right? So, now what? […]
Looking for cheap houses for sale in Canada for 2022? Who isn’t? Here are some good ways to find a home for less. Fixer uppers If you see a property that has the description “handyman’s special,” it’s almost certain that the home can use some work. Buying a home that needs some love and attention […]
Considering the state of Canada’s booming real estate market, you’ll need a mortgage if you wish to purchase property. However, tight budgets and low wages can make it difficult to qualify for a mortgage with a high principal. With a shaky credit score, you’ll have a tough time securing a mortgage, leading to additional financial […]
Buying your own home is an exciting and potentially worthwhile investment, especially considering the rising cost of rental property in most Canadian cities. Buying a home is, for most Canadians, a long-term investment in the future. So, it’s crucial to have a clear understanding of what’s happening in the Canadian real estate market, and what […]
Royal Bank of Canada (RBC) is the largest bank in the country by revenue, and one of the top 10 largest banks in the world. Serving Canadians since 1864, what started as a private financial institution founded by a small group of maritime business owners, has grown into Canada’s largest chartered bank. Today, RBC boasts […]
Buying a house is a huge, complicated decision. The prices can be mind-boggling, the process is confusing, and many people don’t even know where to start. Even after saving their money and researching mortgages, homebuyers often forget one key expense: closing costs. During a real estate sale, closing costs are the expenses that are incurred […]
The joint mortgage is pretty common in Canada and continues to grow in popularity. But why? As the cost of housing in Canada surges to new highs, many are being shut out of the real estate market; they are unable to secure affordable housing or build wealth. In many cities, the income and down payment […]
Should you co-sign a mortgage loan? In the last twenty years, home prices have risen a staggering 375% across the country, on average. In some cities, that requires a six-figure down payment. Canada’s housing crisis is making it even more difficult for people with good credit and gainful employment to access affordable housing. More Canadians […]
