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Take the time to evaluate whether a variable interest rate a good option.

Sunday September 20th, 2015

Take the time to evaluate whether a variable interest rate a good option.

In almost every domain, the more risk we take, the better the reward.  Insofar as your mortgage is concerned, if you choose a variable rate you will have a lower initial rate. The rates could move even lower just as they could fluctuate upwards over the next 5 years. Therefore, the questions you really need […]
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A private lender could help you find the missing funds needed to complete the construction of your home.

Monday August 31st, 2015

A private lender could help you find the missing funds needed to complete the construction of your home.

Louise and Roger decided to build their own home. Since they have a lot of construction and renovation experience they figured, “Why not build our own dream home and take advantage  of our contacts and experience?” Roger estimated the cost of construction at $150/square foot at a total cost of $350,000 for a two story home measuring […]
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It is important to know what credit bureau is.

Monday June 8th, 2015

It is important to know what credit bureau is.

A credit bureau is your financial x-ray; it rates  your ability to pay or reimburse your debts, which in turn, establishes your credit worthiness to lenders. If you are looking for a property, you must make sure that your credit bureau has all the correct information in your file. When you ask for mortgage pre-qualification, […]
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Use your RRSP as a down payment on a your real estate purchase.

Monday June 1st, 2015

Use your RRSP as a down payment on a your real estate purchase.

How can you use your RRSP as a down payment on a real estate purchase? How do financial institutions manage this procedure? It’s really quite simple. If you are considered a first-time buyer*,  you can withdraw $25,000 from your RRSP without any income tax penalty as soon as you have submitted an unconditional purchase offer. […]
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