Before you begin searching for a home, it’s always helpful to think about your needs, both now and in the future. The following are some things to consider when you’re deciding which type of home to buy: • Location. Do you want to live in a city, town or in the countryside? How long will […]

Mortgages in Canada are typically amortized over 25 to 35 years. While this seems a long time, it does not have to take anyone that long to pay off their mortgage if they choose to do so in a shorter period of time. With a little bit of planning, and some sacrifice, most people can […]

1. Make a double mortgage payment whenever you can. Doing this once a year can help pay off the mortgage 4 years sooner! If your payment is $2,000 a month, four years of no payments is $96,000!! 2. Increase the frequency of payment. Going from monthly to accelerated bi-weekly can reduce your mortgage by over […]

Mortgage brokers keep up-to-date with the latest product offerings from lenders and have intimate knowledge of various features and options. Here are six key reasons for using mortgage brokers. 1. Choice: If you go directly to your bank, you will only be offered products from that financial institution. Mortgage brokers have relationships with several different lenders […]

1. As many as 85 percent of all people in the USA use a mortgage broker and we are catching up quickly here in Canada. 2. I shop on your behalf for the best rates and products from over 50 different Banks, Credit Unions and Trust Companies. 3. My services are free to you because […]

Purchasing a home is one of the biggest decisions most people ever make. At some point in their lives, most Canadians have probably asked themselves whether it is better to buy or rent a home. Ultimately, the decision is a personal choice, but it helps to look at the pros and cons of buying to […]

Homeowners should know the differences between a traditional mortgage and a Home Equity Line Of Credit (HELOC.) A conventional mortgage is a registered charge against your home. There is a set term – 6 months to 10 years with a fixed or variable interest rate. Payments include principal and interest. Many homeowners choose a fixed […]

If you are looking for a new home, be sure to get pre-approved. With a mortgage pre-approval, a licensed mortgage professional like myself can do a complete verification prior to sending you shopping for a home, and with that done, the dollar figure you are going shopping with is actually what you can spend. We will know […]

There’s good debt and bad debt and the difference lies in whether it helps or hurts the pursuit of our financial goals. Some debt can be seen as assisting one’s financial future: 1. Borrowing money to maximize retirement savings. 2. Loans with tax-deductible interest to earn investment income. 3. Borrowing to acquire an asset that may increase in value, such as a home or a rental property. […]

You’ve probably made a few new resolutions for 2025. Have you also resolved to reduce the cost of your mortgage and keep more of your hard-earned dollars in your own pocket? Here’s the often-repeated simple formula to minimize your interest cost and pay off your mortgage sooner: 1. Make your payments as frequently as possible. […]