How to Refinance Your Mortgage in Ontario: A Step-by-Step Guide
Refinancing your mortgage can significantly lower your monthly payments, access home equity, or secure a better interest rate. If you are a homeowner in Ontario, understanding the refinancing process can help you make informed financial decisions. In this guide, we’ll walk you through the steps involved in Mortgage Refinancing Ontario, ensuring you know what to […]
Step-by-Step Guide to Mortgage Refinancing: From Application to Closing
For homeowners, refinancing a mortgage can be an excellent opportunity to get a lower interest rate, decrease monthly payments, or even access equity accumulated in their homes. However, there are a number of steps in the process, and each one needs to be carefully considered to guarantee a seamless transfer from one loan to another. […]
Step-by-Step Guide to Applying for a Debt Consolidation Mortgage
Having multiple debts to pay off can be challenging, often leading to uncertainty and annoyance. One sensible approach is to combine all of your debt under a single mortgage. But is it a good idea to include debt in a mortgage? This comprehensive guide will cover how to apply for a debt consolidation mortgage and […]
Navigating the Mortgage Application Process: A Comprehensive Guide
There are a multitude of reasons why a homeowner may be considering refinancing their mortgage. However, before any final decisions are made it is always a good idea to consider carefully whether refinancing is a good idea for you.
Economic Insights from Dr. Sherry Cooper
The impact on the economy of higher interest rates has a long lag. The full effects of the tightening will not be evident for a few more years. Given that most Canadian mortgage borrowers renew their mortgages every five years, the largest impact is yet to come. Nevertheless, higher interest rates have slowed the most interest-sensitive sectors.
Teaching Kids About Money
Not only does financial literacy help your children have more success in life, but it allows them to move out sooner and it avoids delaying your retirement with additional expenses to support them.
Planning to buy your first home in Canada?
The Canadian government has recently launched an incentive to assist with the down payment of your first home.
A tax-free registered account to help first-home buyers
From April 1, 2023, as a first-home buyer in Canada you are eligible to register for a tax-free First Home Savings Account (FHSA).
Should You Refinance Your Mortgage?
There are a multitude of reasons why a homeowner may be considering refinancing their mortgage. However, before any final decisions are made it is always a good idea to consider carefully whether refinancing is a good idea for you.
Strategies to Dig Yourself Out of the Debt Hole
Debt. It’s something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can help you get your debt out of a seemingly unmanageable situation; it’s just a matter of choosing the right one for you.