General Trish Pigott 17 May
Mortgage amortization period is the number of years it will take you to pay off your mortgage. Depending on your choice of amortization period, it will affect how quickly you become mortgage-free as well as how much interest you pay over the lifetime of your mortgage (longer lifetime equals more interest, whereas a shorter lifetime […]
Read MoreGeneral Trish Pigott 10 May
Approximately 20% of Canadians are self-employed, that’s about 7.9 million people. Making this an important segment in the mortgage and financing space. When it comes to self-employed individuals seeking a mortgage, there are some key things to note as this process can differ from the standard mortgage. Qualifying for a Mortgage In order to obtain […]
Read MoreGeneral Trish Pigott 3 May
Are you planning on buying an eco-friendly home, or plan to make improvements to your home for energy efficiency purposes? Did you know that there are many incentive programs to support households make these changes? Under the Low Carbon Economy Leadership Fund, the federal government is helping British Columbians with financial incentives to help households […]
Read MoreGeneral Trish Pigott 26 Apr
Some more good information about Reverse Mortgages from the Dominion Lending Centres House Blog. Talking about money is one of the last taboos and can make people feel very uncomfortable – a feeling that’s only amplified when it comes to talking about your parents’ money. However, when a conversation is difficult, that normally means it’s […]
Read MoreHome Tips Trish Pigott 19 Apr
The current economic landscape can be challenging for young Canadians to navigate as they face uncertainty with heightened interest rates and inflation. This can be frustrating as they are just starting to build their career, considering buying a home or starting a family. If you are a parent, you may be thinking about how you […]
Read MoreGeneral Trish Pigott 12 Apr
The Bank Of Canada announced this morning to keep their key overnight rate of 4.5%. As the Bank is still waiting to assess the impact of its previous eight consecutive rate hikes. Previous Bank of Canada announcement also decided to keep the current interest rate. But It was threatened that it was conditional, making it […]
Read MoreGeneral Trish Pigott 5 Apr
Are you 55+? Or are your loved ones retired? Did you know that there is a great product for those 55+ to access their home’s equity tax free and not make any mortgage payments? A reverse mortgage is a versatile and flexible financial solution for Canadians in their retirement years. Homeowners 55+ are unlocking their […]
Read MoreGeneral Trish Pigott 29 Mar
The Government has confirmed that as of April 1, 2023, financial institutions will have the ability to start offering the new Tax-Free First Home Savings Account (FHSA). This program allows prospective first-time home buyers the ability to save $40,000 on a tax-free basis and, like a Registered Retirement Savings Plan (RRSP), contributions will be tax […]
Read MoreGeneral Trish Pigott 22 Mar
A second mortgage is a mortgage that is taken out against a property that already has a home loan (mortgage) on it. Generally people take out second mortgages to satisfy short-term cash or liquidity requirements, have an investment opportunity or to pay off higher-interest debts (such as credit cards and student loans) that a second […]
Read MoreGeneral Trish Pigott 15 Mar
The housing supply shortage is one of the top issues in Canada’s real estate market. But, cities are seeing a massive boom in new-build housing. New construction offers many advantages, like more energy-efficient heating and cooling systems. Their titles can also feel less risky to transfer. After all, if the land was previously vacant, there’s […]
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