Tagged: Mortgages

Home Equity Mortgage

Why would I get a home equity loan?

With a home equity loan – the ‘equity’ in your home refers to the amount you have left to repay on a mortgage subtracted from the current market value of your home. For some...

First Time Home Buyer – Working Your Way Up

You’ve moved in, you’re paying your mortgage; you’re ready to finally breathe out…Congratulations! You are a first time home buyer and should be enjoying the change. Now you’re firmly on the property ladder, you...

Mortgage 101: Get To Know The Basics

It’s time to put the apartment renting to the side and divest your time and money into owning a home. You’ve gone to the open houses, looked at available properties, and found the perfect...

Tax Deductible Mortgage? The Smith Maneuver Explained

Although Canada does not directly provide home-owners with tax-deductible mortgages, they do offer an investment incentive that enables Canadians to turn their mortgage into tax-deductible debt called the Smith Maneuver. Tax deductible means that...

Property Transfer tax

Be financially ready to buy your home

For most of us, we learned how to handle money the moment we were given our first lunch money or school allowance. Back then, the only thing we needed to worry about was how...