Posts tagged ‘First-time home buyer’
Pre-approvals: Why They Aren’t Worth the Paper They’re Written On and Why You Should Still Get One
Last Updated on March 27th, 2020
Pre-approvals are the most misunderstood part of the mortgage process. Today’s post gives you a candid assessment of what to expect when you apply for one.
Waiving Your Financing Condition
Last Updated on March 28th, 2020
If you waive your financing condition without a fully qualified commitment from your lender, you are taking a substantial financial risk. That said, most people still do this as a matter of course. Today’s post explains why this happens and gives you some tips on how to minimize your exposure if you decide to waive financing without a firm lender commitment in place.
Fixed-rate Collateral Mortgages: Good for Banks, Not for Customers
Last Updated on December 10th, 2018
TD Bank will now register its fixed-rate mortgages as collateral charges and will offer you the option of registering your mortgage at 125% of the current value of your home. Should you take this offer, or run?
Budgeting for a Mortgage
Last Updated on June 7th, 2022
Budgeting is a lot like exercise. Everyone knows it’s good for you but most people procrastinate actually doing it. Today’s post outlines two ways to get on top of your finances: The Easy Way and The Hard Way.
Closing Costs – The Stomach Punch of the Home Buying Process
Last Updated on September 26th, 2019
Planning for closing costs is an important but often overlooked step during the home buying process. Today’s post will give you an overview of what to expect and will introduce you to my one-of-a-kind Closing Cost Calculator.
Puff the Magic Payment Frequency
Last Updated on November 10th, 2017
Does it matter if you pay your mortgage monthly, bi-weekly or weekly? How much does paying more frequently save you in interest over the long run? Today’s post seperates the magic from the myth.
Eight Ways to Improve Your Credit Score
Last Updated on November 10th, 2017
When it comes to mortgage borrowing, your credit score can save you thousands of dollars. Check out today’s post to learn how to improve your score without having to turn your life upside-down in the process.
The Variable-rate Mortgage – Temptress to Us All
Last Updated on November 13th, 2017
Ahh, the variable rate mortgage, temptress to us all. It offers you the lowest borrowing cost in exchange for the security of your locked-in rate. History shows that variable has been the right call for Canadians about 90% of the time, but for the other 10% of the time, history also shows you would have […]
Readvanceables – How to Make Your Own Mortgage
Last Updated on December 11th, 2018
Do you want an off-the-shelf product or a customized mortgage that is designed to fit your specific profile? Many people aren’t aware that readvanceable mortgages offer you the flexibility to literally make your own mortgage. Check out today’s post to learn more.
