The Real Costs of Buying a Home

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With 2016 well under way, thoughts to buying that dream home starts to heat up. Many people take this time of the year to do their research, examine finances, and start the decision process of whether or not it is the right year to buy. But there are a few things to keep in mind other than the purchase price. There are associated costs with buying a home that must be kept in mind, and more importantly, factored into budget. Continue reading

Have you considered refinancing to pay off debt?

refinance

With the high cost of holiday gift-buying and entertaining now behind you, this may be the perfect time to get the New Year off to a fresh start by refinancing your mortgage and freeing up some money to pay off that high-interest credit card debt.

By talking to mortgage professional, you may find that taking equity out of your home to pay off high-interest debt associated with credit card balances can put more money in your bank account each month. Continue reading

New Down Payment Rules For Home Buyers

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Are you thinking of buying a new house in 2016?  Well if the price of your dream home is $500,000 or more, you will now have to put a down payment of at least 10%, up from 5%.  On Friday December 11, 2015, the Liberal government announced a change for insured mortgages.  According to the article in The Globe and Mail, the new rules will take into effect February 16, 2016. Continue reading

5 Steps to a Speedy Credit Score Boost

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In today’s economic climate of tighter credit requirements and increased unemployment rates taking their toll on some Canadians, there’s no doubt that many people may not fit into the traditional banks’ financing boxes as easily as they may have just a year ago.

Your best solution is to consult your mortgage professional to determine whether your situation can be quickly repaired or if you face a longer road to credit recovery. Either way, there are solutions to every problem. Continue reading

Are Home Buyers In Durham Region Set To Pay Double The Tax?

A Broken Election Promise-

Attention all Durham Region Home Buyers.  According to the Toronto Sun’s article from October 27, 2015, Home Buyers in Durham Region and across Ontario may be forced to now pay double on land transfer tax.  As is the case already in Toronto, the government is ready to allow all municipalities to set their own Land Transfer Tax. The article said that this could happen as early as next year. Continue reading

It’s Time To Winterize Your Home – Before It’s Too Late

It's Time to winterize your home before it's too late

Winterizing means to help prepare your house, the structure and its fittings in such a way that the harsh cold climate does little damage to it and the damage done should be easily recoverable. A lot of money goes into it every year, but here are a few things that you can do for cheap or even free that will help you through the winter. Continue reading

Are You Fit to Buy a Durham Region Home?

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Buying a place of your own is an important and exciting phase of your life. It is one of the, if not the most important, major investments in your life. A home is a place to eat, play and sleep. It is the place where you raise your family. Continue reading