General Mitchell Goode 16 Oct
As you near retirement age, the years of diligently contributing to RRSPs are about to pay off. Understanding Registered Retirement Income Funds (RRIFs) becomes crucial, especially if you have registered retirement savings or pension plans. What exactly is a RRIF? Unlike a Registered Retirement Savings Plan (RRSP), which serves as a retirement savings account where […]
Read MoreGeneral Mitchell Goode 16 Oct
When traditional lenders (such as banks or credit unions) deny mortgage financing, it can be easy to feel discouraged. However, it is important to remember that there is always an alternative! If you’re seeking a mortgage, but your application doesn’t fit into the box of the big traditional institutions, you’ll find yourself in what’s commonly […]
Read MoreGeneral Mitchell Goode 16 Oct
With interest rate hikes on pause, more buyers are coming off the sidelines and looking to enter the market. Prices are high, so protecting your investment and your home is more important than ever. What insurance will you need to protect your new home? A quick Google search will turn up entries for title insurance, […]
Read MoreGeneral Mitchell Goode 16 Oct
There are lots of reasons people fall into debt but only one way out — and it requires a combination of planning, discipline, and persistence. With the rise in interest rates, there is no better time to map out an action plan to reduce your debt. Start by gathering information about all of your debts […]
Read MoreGeneral Mitchell Goode 16 Oct
While not the only factor to look at when choosing a mortgage, interest rates continue to be one of the more prominent decision criteria with any mortgage product. Understanding how mortgage rates are determined and the differences between your typical fixed-rate and variable-rate options can help you make the best decision to suit your needs. […]
Read MoreGeneral Mitchell Goode 16 Oct
As we age, maintaining independence and staying in the home we love can be a challenge, especially when faced with reduced mobility and the need for costly home modifications and personal care services. However, with the CHIP Reverse Mortgage by HomeEquity Bank, aging in place becomes more feasible and attainable. Here are three ways in […]
Read MoreGeneral Mitchell Goode 16 Oct
One of the biggest benefits to purchasing your own home is the ability to build equity in your property. This equity can come in handy down the line for refinancing, renovations, or taking out additional loans – such as a second mortgage. What is a second mortgage? First things first, a second mortgage refers to […]
Read MoreGeneral Mitchell Goode 16 Oct
Whether you’ve made an offer on a home already or are still in the process of looking, you already understand that buying a home is likely the largest investment you’ll ever make. When it comes to your mortgage application, there are a few things that you should avoid doing while you’re waiting for approval – […]
Read MoreGeneral Mitchell Goode 16 Oct
Do you need help to meet your retirement income needs? With rising inflation, accessing sufficient cashflow for your desired lifestyle can be challenging. However, with over 70% of Canadians owning their homes, tapping into home equity can be the cashflow solution you need. Tapping into Home Equity If you want to remain in your current home, a […]
Read MoreGeneral Mitchell Goode 16 Oct
When it comes to homeownership, many of us dream of the day we will be mortgage-free. While most mortgages operate on a 25-year amortization schedule, there are some ways you can pay off your mortgage quicker! 1. Review Your Payment Schedule: Taking a look at your payment schedule can be an easy way to start paying down […]
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