Learn about Mortgages
Residential Mortgage Guide
Mortgage Definitions Mortgage Type of loan when the lender takes Real Estate as security. Principal Is the amount of money you need to borrow Interest The cost of borrowing for the use of the funds Blended Payments Are equal payments consisting of principal and…
Take the bite out of your mortgage
‘Prepayment is one of the best investments’ Jonathan Chevreau Financial Post After the taxman gets through with your paycheque, what should you do with any money still burning a hole in your pocket? Instead of throwing more money into a stock market that…
Managing Your Mortgage
What You Should Think About When Financing Your Home If you?re like most Canadians, your home is probably the most important investment you?ll ever make. Whether you?re buying a home or refinancing your existing home, making the right decision now can help save you…
Five Steps to Building Your Financial Muscle
Ballooning credit card debt? Expensive kids? Large mortgage? Feeling in over your head? Read below for 5 steps to help you build your financial muscle. Every day: Record purchases Keeping track of every dollar spent may seem like a hassle ? every pack of gum? every…
Not all Mortgage Incentives are Created Equal
Not all mortgage incentives are created equal. ?It seems so simple.? You?re shopping for a mortgage and walk into three different financial institutions. The lender that offers you the lowest interest rate wins your business. Unfortunately, it?s not quite that…
Residential Mortgage Guide with Mortgage Definitions
Mortgage Type of loan when the lender takes Real Estate as security. Principal Is the amount of money you need to borrow Interest The cost of borrowing for the use of the funds Blended Payments Are equal payments consisting of principal and interest paid during the…