- How To Boost Your Credit Score In 4 Simple Steps - Why is your credit score important? If you want to get a mortgage, buy a car, take that vacation of a lifetime, or even rent an apartment, you will need a good credit score. This is the first thing that lenders and landlords will check to decide if they will take a risk on you. ...
- Keeping Your Holiday Spending Under Control Without Being A Scrooge - ‘Tis the season for festive vibes, holiday tunes, and the unmistakable hustle and bustle of Canadian holiday shopping. Despite a bit of economic unpredictability, soaring inflation, and interest rates doing their own dance, Canadians are adamant about soaking in the holiday spirit and spreading the joy of giving. So, what’s the scoop on this year’s ...
- How Investing In An FHSA Today Can Save You Big Money In The Future - Buying a home is a classic life milestone, right? The one that shouts, “I’m officially adulting!” But here’s the rub: with house and condo prices skyrocketing, it’s got a lot of hopeful first-time home buyers wondering if they’ll ever catch a break. According to Statistics Canada, homeownership rates for those aged 30 to 39 have ...
- Demystifying Mortgage Interest: Understanding How it Impacts Your Home Financing - I’m often asked about mortgage interest and how it impacts a home buyer over the length of their amortization period. The short answer is: Mortgage interest in Ontario refers to the cost you pay to borrow money from a lender to purchase a home. When you take out a mortgage loan, the lender charges you ...
- Taking Advantage of The First Home Savings Account - Great news for first-time home buyers! The government has announced a brand new tax-free savings account to help you save a down payment to buy your first home. A first home savings account (FHSA), is a registered plan that enables first-time buyers to save for their first home tax-free, subject to certain limits. Starting April ...
- The Ultimate Guide For Saving Your Mortgage Down Payment - Are you prepared to purchase a home? The down payment is a significant upfront cost when buying a house, and the more you allocate towards it, the lower your fees and interest payments will be over the lifetime of your mortgage. Do you have enough funds saved to secure the mortgage you require? What is ...
- What You Need To Know About The New Tax-Free Home Savings Account - If you’re looking to buy your first home in the coming years, I have great news for you! The federal government released its 2022 federal budget and having more affordable housing was high on its agenda. And, drum roll, please…They announced a brand new tax-free savings account for first-time home buyers to help them save ...
- Investing in a Tontine To Pay For A House - There are many non-traditional ways to save money for a house other than budgeting, using government funding or inheritance money. Have you considered using a tontine to help pay for a new home? Working with a reputable financial advisor is the best way to invest your money if you are thinking of exploring tontine options. ...
- What Is An Alternative Mortgage Lender? - When you’ve decided to buy a new home, whether you’re making the transition from being a renter to becoming a homeowner or you’re leaping into home ownership moving out from under your parent’s roof… The most important part of the process isn’t finding the right house to buy… It’s securing the financing you need to ...
- How To Finance Home Renovations That Give A Good Return On The Investment - Staring at that old kitchen counter from the 1990s that you wish you could change? Or wishing your basement could be turned into the entertainment center it deserves? Your dreams of home renovations may not be as far out of reach as you think. Having a mortgage is like holding an investment account. Your home ...
- Helping Your Teen Develop Good Financial Habits - Spoiling your best friend, partner, and family this holiday season may feel good, but everyone has to learn financial responsibility at some point. When a teen gets their first job, it’s an eye-opener for them to finally have money in their bank account that did not come from their weekly allowance. This time of year, ...
- How To Save For Your Child’s Secondary Education - Before you know it, your little daughter or son isn’t going to be so little anymore. It’s incredible how quickly the time flies by, and in a blink of an eye, you’ll be helping them fill out College or University applications and packing the car to head out on campus tours. The average price for ...
- How To Fund Your Retirement Using Your Home - First off, I just wanted to say congratulations that you’re thinking about or looking into retiring. Retirement is a huge milestone, and I want to ensure the stress of your finances isn’t taking away from your excitement that you’ll have more time in the day to do whatever you would like without pesky work getting ...
- 9 Money Saving Tips To Get That Down Payment - Are you having a difficult time-saving money? Perhaps you’re looking to save a down payment for a house, or you want a bit of a nest egg for emergencies? Whichever the case, these tips will help you cut down on your spending. Remember: every little bit helps! If you cut out one splurge every week, ...
- Life Insurance & Being a New Parent — What You Need To Know. - As a new parent, you have a lot of things on your mind – What colour do you paint the baby’s room? What daycare will you choose? What school do you want your child to attend when they are older? How can you save on groceries? A thought that doesn’t often cross a new parent’s ...
- 5 Ways To Avoid Mortgage Financing Hiccups - It’s tempting to splurge now and then with a late-night restaurant visit, tickets to your favourite game, or some new home decor pieces. However, these “splurges” can creep up on your wallet. Sure, we can’t be perfect with our spending habits, but it’s important to stay on track with your budget when it comes to ...
- How Do You Save A Down Payment? You Make A Plan! - Searching for a new home is the exciting part of your house hunt. Scrolling on the internet, judging each house one by one until you find one that immediately catches your eye and you just know that THIS is the one you must see. You visit the home and instantly fall in love. You could ...
- Is This The Right Time To Refinance My Mortgage? - There are many benefits to refinancing your mortgage. However, it’s important to weigh the pros and cons to ensure it’s the right time for you to do so. With inflation and mortgage rates rising, be sure to look at your existing contract and assess whether or not refinancing will cost you or save you money ...
- Is my money better in a TFSA or an RRSP? - So you’ve been budgeting wisely and you’re starting to see your savings account grow. Or maybe you’ve received money through an inheritance or work bonus. It’s time to look at your life goals and decide what to do with that nest egg. What is your next big purchase going to be? A car, a house, ...
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