Breaking your low rate mortgage might cost more than you’re saving
Breaking your low rate mortgage might cost more than you’re saving So life happens, a marriage splits, your partner gets downsized or transferred to another city. Or perhaps interest rates have dropped and you’d like to lock into new rates,... Read More →
How to keep your mortgage application in good shape
You’ve got your down payment together and you’ve found a great house that you just need. All you have to do now is secure a mortgage and you’re good to go. You know you have a good credit score and... Read More →
Just plan ahead to break your mortgage
Did you know that according to CMHC, six out of 10 Canadian homeowners break their mortgage on or before the third year of a five-year mortgage? That means that 60% of homeowners break their mortgage before it’s due and while... Read More →
How Down Payment Affects Your Mortgage Rate
“But my brother got 3.35% with his bank, why can’t I have that?” That’s a common question I hear from home buyers and owners looking for a new mortgage. While there are several factors that determine the interest rate including... Read More →
Investor Interview – RTOs with Wayne Dolson
I recently sat down with real estate investor Wayne Dolson who focuses primarily on Rent to Own (RTO) investing. I was eager to speak with Wayne because RTOs have taken a bit of a PR pounding in recent years with... Read More →
Should You Avoid a Private Mortgage?
Private mortgages have seen a significant boom in recent years with 2018 being one of the largest spikes ever. With the B20 stress test unveiled by the Office of the Superintendent of Financial Institutions at the end of December 2017,... Read More →
Why You Shouldn’t Panic Over The New Mortgage Rules
If you’re seeing all the Instagram, Twitter, Facebook and article posts that I am, you’re probably wondering – ‘With the new mortgage rules coming Jan. 1st will the Canadian real estate market drop?’ It’s an easy thought to creep in... Read More →
21 Must-Own Books For Every Real Estate Investor.
Success isn’t easy and it’s never done alone. To really succeed as a real estate investor, as in all other endeavours, you need a team. Often the most experienced person you need is either too expensive to add to your... Read More →
7 Ways Hiring a Property Manager Saves You Money
It may seem counter-intuitive that paying a monthly service fee can increase your bottom line, but one must never underestimate the power of hiring a property manager ! Here are 7 ways it can save you money: • High Quality... Read More →
Investors and Landlords Need to Access Their Equity Now!
It’s pretty rare for me to throw around an exclamation point. However after three major mortgage rule changes, back-to-back interest rate hikes, a possible third rate hike and another major possible mortgage rule change all within a year, I don’t... Read More →