If you are pondering ways to earn extra income, there is a good chance that you may be considering buying a rental property. But while this form of income can be appealing, saving up a down payment can be a challenge for many people. For this reason, many who decide to go this route are … Continue reading Can a Home Equity Line of Credit Help You Buy a Rental Property?
If you have equity in your home, there are several mortgage solutions that can help you consolidate your debt. One of the most common of these is refinancing. What is refinancing? Refinancing is breaking your current mortgage and signing on to a new one. With the new mortgage, you roll your higher interest credit card … Continue reading Is Mortgage Refinancing a Good Way to Get Out of Debt?
This September, the federal government rolled out its new First Time Home Buyer Incentive. The purpose of the Incentive is to assist qualified first-time home buyers to reduce the cost of their monthly mortgage payments without adding to their overall financial burden of purchasing a home. To qualify for the First Time Home Buyer Incentive, … Continue reading New Incentive Rolled Out on First Time Home Buyer Mortgages
So you are ready to be a homeowner, but for whatever reason, your bank has turned you down for a mortgage. What do you do now? Do you consider a private mortgage? What is a private mortgage? A private mortgage – just like the name implies – is a mortgage that is offered by a … Continue reading When Should You Consider a Private Mortgage?
Part of doing Toronto mortgage refinance involves go over a person’s credit score and helping them to understand it. Even in cases where a person has bad credit, there are still mortgage options that can be available to them. What is a Credit Score In Canada, credit scores begin at 300 and end at 900. … Continue reading Bad Credit Mortgage
As we move into the last quarter of 2019, we’re keeping an eye on the housing market to see where it will take us in the new year. The Toronto housing market looks like it’s making a recovery, something that makes me happy as a Toronto mortgage broker. We started to see some encouraging improvement … Continue reading Market Update on Toronto, ON Area
For many homeowners who are parents, back to school usually means spending money on clothes, school supplies and electronics for their children. While this has become the regular norm during back to school, as a Toronto Mortgage Broker, its time I took a moment to change the conversation for a minute and talk about ways … Continue reading Money-Saving Opportunities for the Fall Season
Attention first-time buyers! When buying your first home, don’t leave money on the table! Take advantage of the programs and incentives offered by the federal government that can help you achieve your new home. First-Time Home Buyer Incentive This shared equity program provides 5% of the cost of an existing home, or 10% of a … Continue reading Five Incentives for First-Time Buyers
You may have heard of a Toronto home equity loan referred to as a HELOC when looking into taking out a line of credit against your home. There are a few things that you need to know about a HELOC before taking one out, and as a Toronto Mortgage Broker, this is something I can … Continue reading Home Equity Line of Credit (HELOC)
Taking out a Toronto second mortgage can be a good option for homeowners who are looking to tap into the equity in their home to use on debt consolidation, home renovations, or major other major life events. There are requirements that you will need to meet and it’s best to speak with a mortgage broker … Continue reading What You Need To Know About Second Mortgages