How Your Amortization Period Will Impact Your Mortgage

You visited what seems to be a thousand homes with your spouse, and you finally agreed on one! Congratulations! Now you’ll make an offer and then you will have to start to learn a new language: the language of mortgages. You probably learned a few words from your real estate agent, and when the time […]

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Government Grants for Canadian Homeowners (2018)

Buying a home can be expensive. Luckily, there are programs to help ease the strain on your wallet.To encourage more Canadians to make the leap into home ownership, the government offers a variety of grants and special programs.Here’s an overview of the programs available nationwide and by province, including what each program is, who it’s […]

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Homebuyer Mistakes And How To Avoid Them

Are you considering buying a new home or investment property in the near future? Buying a home is a major investment no matter how you look at it. But for many homebuyers, it’s even more complicated and costly than it needs to be because of blind spots where they are lacking critical information. Information that […]

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If You Want to Get Rich, You’ve Got to Break the Law

Here’s one of the many lessons we should be taught in school but aren’t… If you want to get rich, you’ve got to break the law – Parkinson’s Law! Fifty years ago, British writer C. Northcole Parkinson stated that most people retire poor because no matter how much they earn, they spend the entire amount […]

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Using Break-Even Analysis to Refinance your Mortgage

Before you consider refinancing your existing mortgage, it’s important for you to determine the break-even point, which represents how soon the cost of the refinance will be recaptured through lower monthly payments. The answer to this question depends on multiple factors. These factors include your current interest rate, the new potential rate, closing costs and […]

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How Your Cellphone can Impact Your Credit Score

As you may know, Equifax and TransUnion are the two main credit reporting agencies in Canada. They collect all the data on your loans, lines of credit and credit cards to create your credit report and calculate your credit score. This information is then used by lenders — including mortgage lenders to determine whether you’re […]

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How to Prepare for your Child’s College Fund

According to MoneySense magazine, experts forecast thtat the cost of a four-year university education in Canada, including tuition and accommodation, will run upwards of $130,000 by the time today’s toddlers graduate from high school. But if you start planning while your kids are young, the costs can still be aggordable. Plus, you’ll save them from […]

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How To Increase Your Credit Score

Have you ever wondered what your credit score is and how it’s calculated? Here’s the skinny… Your credit score is a three-digit number that lenders use to predict your creditworthiness. Credit reporting companies calculate your score based on your payment history, how much you owe, how long you’ve had credit, and how often you apply […]

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How To Turn Crisis Into Opportunity

If money’s a bit tight right now, here are six tips for empowering yourself to create a breakthrough… Tip #1: Take responsibility for results. As Winston Churchill said, “The price of greatness is responsibility.” While external forces may have made things worse, face the fact that the solution is now in your hands. Tip #2: […]

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