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Understanding Mortgage Renewals

Understanding Mortgage Renewals

Mortgage renewals are the bread and butter of home ownership. Not really, but they are EXTREMELY important.

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Fixed vs Variable

Fixed vs Variable

When obtaining a mortgage, there is always the question of a fixed or variable interest rate. There are pros to cons to both types, which we will explore below.

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How to Use Prepayments to Be Mortgage Free

How to Use Prepayments to Be Mortgage Free

Using mortgage prepayment options can drastically reduce the total amount of money you spend on your mortgage – and shorten the time it takes to pay it down! If you follow these three steps, you can be mortgage free sooner than ever!

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8 Things to Avoid After a Mortgage Preapproval

8 Things to Avoid After a Mortgage Preapproval

You have word from your agent letting you know you are pre-approved for a mortgage. This is an exciting time as you are well on your way to purchasing a new home. A preapproval is usually good for 60 to 120 days depending on the lender. If you do not purchase a home within this time frame, the lender may require you to get preapproved again. Therefore, it is important to continue the great behavior that got you the preapproval, in the first place. Below are eight tips to help keep your financial situation preapproval ready.

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Tips to Save Money

Tips to Save Money

After the holidays we all can relate to the dread of opening a credit card statement and wondering how long it will take you to pay off holiday debt.

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A less expensive, more meaningful Holiday

A less expensive, more meaningful Holiday

Budgeting for the holidays now may sound like a chore, but it is key to avoiding financial stress in January. Here is a guide to plan for the holiday season.

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Are you saving enough for your retirement?

Are you saving enough for your retirement?

Many Canadians think of retirement as a time filled with vacations, getaways to

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Interest Rates on the Rise?

Interest Rates on the Rise?

There has been speculation that Canadian interest rates are not done rising yet – and some say they will keep rising until 2020.

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Legalization and Landlords

Legalization and Landlords

With cannabis legalization in Canada coming into effect on October 17, 2018, many landlords are wondering about their rights as landlords and how the legalization will affect their rental property investments.

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How long does it take to save a down payment, when earning minimum wage?

How long does it take to save a down payment, when earning minimum wage?

Getting into home ownership has never been tougher than it is today. With the qualifying rate over 2% higher and with the additional stress tests, it’s no surprise anyone earning near minimum wage would feel that the idea of home ownership is impossible.

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