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Mortgage Insurance in Canada

Mortgage Insurance in Canada   Mortgage insurance is a kind of insurance that was developed to compensate financial institutions or investors should a homeowner default on their loan. It is required for any mortgage where the downpayment is less than 20%. Whether the mortgage insurance is public or private will depend on the institution that [...]

By |2019-05-30T14:23:14+00:00May 30th, 2019|Mortgage Tips, Uncategorized|0 Comments

Pay less tax on rental properties

Q: I have five rental properties in my name. Should I switch them to a numbered company? –Travis A: Hi, Travis. Incorporating a holding company to own rental properties has some advantages and disadvantages depending on the objectives you have in mind in both the short and long term. However, you should first speak with a [...]

By |2017-11-24T16:35:47+00:00November 24th, 2017|Investment Properties, Uncategorized|Comments Off on Pay less tax on rental properties

Get Your Home Equity to Work for You

What is Home Equity? For those of you who are new to the real estate market, your home equity is the current market value of your property (home) minus the remaining mortgage balance. How can you use the Equity in your Home to save on hefty interest charges? People have been using home equity for a [...]

By |2017-01-13T21:37:50+00:00January 13th, 2017|Uncategorized|Comments Off on Get Your Home Equity to Work for You

A Home Renovation Loan May Be Just the Thing for You!

Renovations are changes that add value to a house. Renovation planning can cover a lot of ground: from new bathrooms and termite damage repair to stair railings and plumbing. Obtaining a renovation loan brings many advantages. The lifestyle advantages are immediate, but the financial ones are more long-term: a more valuable property to live in [...]

By |2017-01-04T00:58:50+00:00March 9th, 2015|Uncategorized|Comments Off on A Home Renovation Loan May Be Just the Thing for You!

The Benefits of Using a Mortgage Broker Versus a Bank

For many people, mortgage payments are their single largest expense. When they go into their local bank and fill out the mortgage paperwork they like believe they are receiving the best deal, but are bank-brokered arrangements really the best deal you can get? There are so many options available today that going to the bank [...]

By |2017-01-04T00:58:50+00:00March 9th, 2015|Uncategorized|Comments Off on The Benefits of Using a Mortgage Broker Versus a Bank

The Benefits of Mortgage Default Insurance

Many people actively seeking home ownership have to put their dreams on hold because they haven’t saved up enough money to pay the down payment on a home. What is a down payment? A down payment is a portion of your home price that is not financed by the lender. The buyer must pay the [...]

By |2017-01-04T00:58:50+00:00January 30th, 2015|Uncategorized|Comments Off on The Benefits of Mortgage Default Insurance

Mortgage Refinancing Saves You Money

When executed correctly, mortgage refinancing can offer homeowners an opportunity for significant savings. Despite these obvious monetary benefits, many homeowners continue to miss out on refinancing opportunities. This is mainly because they have erroneous beliefs about what it means to refinance a mortgage. What Does It Mean to Refinance a Mortgage? One common misconception is [...]

By |2017-01-04T00:58:50+00:00January 30th, 2015|Uncategorized|Comments Off on Mortgage Refinancing Saves You Money

The Advantages of Fixed Rate Mortgage Loans

Mortgages come in all shapes and sizes, making it difficult for a potential home buyer to make up his or her mind on what kind of loan to opt for. In this blog post, we will be focusing solely on fixed rate mortgages - how they work and the benefits of singing up for one. [...]

By |2017-01-04T00:58:50+00:00January 30th, 2015|Uncategorized|Comments Off on The Advantages of Fixed Rate Mortgage Loans

Are Private Lenders a Better Fit for You?

A private mortgage is a primary form of agreement that is legally binding between two different parties: the lender and the buyer. The lending party in the case of a private mortgage is privately owned, unlike conventional loans which are issued by government-regulated financial institutions. Considering the status of the current economy, more and more [...]

By |2017-01-04T00:58:50+00:00November 12th, 2014|Uncategorized|0 Comments

The Sky Financial Amortization Calculator Takes the Guesswork Out of the Mortgage Loan

   The term “amortization” comes from the Latin word "mort," meaning death. It literally means to kill a loan. It commonly means to repay it, combined with interest, over a specified period. When you shop for a loan – lenders will calculate your monthly payments based on the cost of the house and the interest [...]

By |2017-01-04T00:58:50+00:00October 27th, 2014|Uncategorized|0 Comments