Maximizing Tax Savings For self-employed individuals, obtaining a mortgage can be a daunting task due to the complexities involved in verifying their income. Traditional lenders often require extensive documentation, making it difficult for these entrepreneurs to qualify for standard mortgages. However, the Canadian mortgage broker industry offers several tailored solutions to help self-employed individuals achieve […]

In the hustle and bustle of today’s world, we understand that time is precious, and convenience is key. If you’re searching for a new home, thinking about refinancing or approaching renewal, we’ve got great news for you. Thanks to advanced technology, your mortgage journey is about to become a whole lot easier. As a homebuyer, […]

Renegotiating your mortgage at renewal time is an excellent way to save money and ensure that you have the best mortgage product for your financial situation. “51% of Canadian homeowners don’t plan on changing lenders when their mortgage comes up for renewal — and 9% weren’t even aware that they could switch lenders to get […]

Debt is a financial tool that allows individuals and businesses to borrow money to achieve their financial goals. However, not all debt is created equal. Some debt can be considered “good debt,” while other debt is known as “bad debt.” Understanding the difference between the two can help you make better financial decisions and avoid […]

When considering a mortgage, one of the biggest decisions you will make is whether to go for a fixed or variable rate. A variable-rate mortgage can offer flexibility and potentially lower interest rates, but also carries the risk of interest rate increases. You may think in today’s times with higher interest rates than we’ve seen […]

It has become apparently harder for the younger generation to purchase their first home. With the interest rates and stress test, and let’s not forget the price of homes, entering home ownership isn’t easy. However, there has been a trend over the past couple of years – what we call the Bank of Mom and […]

Buying a property can be overwhelming. Knowing who does what, where your money goes and all the ins and outs will provide you with some peace of mind when it comes to your deposit. Typically, when purchasing you are required to put a deposit down through your realtor. Buyers are typically relieved to find out […]

Getting pre-approved is a crucial first step when buying a home. It tells you how much you can spend on a home between your down payment and the approved loan amount. Sometimes, though, the pre-approval amount is lower than what you expect, throwing a wrench in your plans. Here are five ways to increase your […]

Recessions can feel scary. Suddenly thousands of people are without jobs, and there’s less money circulating in the economy. But, before a recession hits, most Canadians can feel it coming. Here’s what to look for and how to react should a recession hit Canada in 2023. What is a Recession? A recession occurs after six […]

If the holidays left you with a mountain of credit card debt and less money in your bank account than you’d like, you might consider refinancing. It won’t solve every homeowner’s problem, and not every homeowner will be eligible, but it may help you start the New Year fresh. Reasons to Consider Refinancing after the […]