Make college more affordable by buying your kids a house?

college fund

Few things in this world make parents more proud than the ‘acceptance letter’. After some ups and downs through high school, cramming, guidance counselor visits, and writing application after application, one day it arrives. Upon realizing that your little girl/boy has just taken a major step in their lives, tears of pride and joy are bound to start flowing. However, unless little Einstein managed to also secure a full scholarship, the tears of joy quickly turn to the dreaded “how are we going to pay for this”? Thankfully, there may be an answer. Continue reading

Have you considered refinancing to pay off debt?


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

5 Steps to a Speedy Credit Score Boost


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

Top Mortgage Application Tips: A Complete Look at Buying a Home


In this 12 Part series of “A Complete Look at Buying a Home“, Part 5 looks at Top Mortgage Application Tips.

For the majority of us, purchasing a home will require a mortgage. After various credit and employment checks, lenders will generally give you an idea of how much of a mortgage you qualify for so that you can confidently begin the exciting journey of house shopping. However, unforeseen financial or credit problems (an error on your credit report for instance) can make the road to home ownership a bumpy one. Here are some excellent tips every buyer should follow prior to securing a mortgage. Continue reading

Mortgage Lender Interview Checklist: A Complete Look at Buying a Home

interview questions

As most of us enter the home owner’s market, we look to other sources to lend us the money to do so. There are various types of lenders out there that provide many different types of mortgages. In order to stay informed and to chose the right mortgage for you, smart buyers will always visit and ‘interview’ many different lenders before deciding on which path to follow. Our Mortgage Lender Interview Checklist is an excellent tool to help guide you through which questions to ask to get the best service possible. Continue reading

Monthly Home Budget Planner: A Complete Look at Buying a Home

budgeting for a home

“So now that I have decided to become a home owner, what is it going to cost to maintain the home?”

This is an important question that potential home buyers need to get answers for in order to avoid becoming ‘house poor’. Things like the monthly mortgage payment, property taxes, the day-to-day utilities, transportation expenses, and groceries are expenses that most of us account for when budgeting. However it is also a good idea to set aside money for unexpected maintenance costs, health services not covered through insurance, and of course vacations and retirement. For some, the task of tracking all of these expenses can be overwhelming. That’s why having a Monthly Home Budget Planner is an excellent way to make sure all the numbers add up. Continue reading