13 Mar

Amortization Options.

General

Posted by: James Wynters

  Your mortgage amortization period is the number of years it will take you to pay off your mortgage. Depending on your choice of amortization period, it will affect how quickly you become mortgage-free as well as how much interest you pay over the lifetime of your mortgage (a longer lifetime equals more interest, whereas […]

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19 Feb

Choosing Your Ideal Payment Frequency.

General

Posted by: James Wynters

  Your payment schedule is the frequency that you make mortgage payments and ranges from monthly to bi-monthly, bi-weekly, accelerated bi-weekly or even weekly payments. Below is a quick overview of what each of these payment frequencies mean:Monthly Payments: A monthly payment is simply a single large payment, paid once per month; this is the default […]

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2 Feb

Countertop Materials for your Kitchen.

General

Posted by: James Wynters

They say the kitchen is the heart of every home, and what better way to treat this important space than by ensuring you have all the right materials?When it comes to your kitchen, there are a variety of options for cupboards, appliances, and countertops. What you may not realize, is how much you actually utilize […]

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18 Jan

Going away ? Vacation checklist for your home

General

Posted by: James Wynters

  Whether you’re jetting off to sunshine and warm sand, an international adventure, or a weekend getaway, before you go there are a few things you can do to protect your home while you’re away! Unplug all electronics and appliances: To reduce energy costs while you are traveling (and mitigate any risk of unexpected fires), it […]

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28 Dec

Let Your Home Work for You.

General

Posted by: James Wynters

  As Canadians approach their retirement years, many are exploring the potential of the CHIP Reverse Mortgage solution to allow them to enjoy the retirement they’ve worked so hard for. Many retirees face financial challenges with lower Canada Pension Plan payments, diminished or non-existent company pensions, inadequate retirement savings, and the ever-rising cost of living. […]

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15 Dec

Mortgage Types 101

General

Posted by: James Wynters

  Get to know the important basics before you choose your mortgage.You have to be sure you select what is most important to you – lower rates or flexibility. Before you choose a mortgage, take some time to study mortgage types: Closed Mortgage: If you want consistency with respect to rates and the length of your […]

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11 Oct

6 Things for Co-Signers to Consider.

General

Posted by: James Wynters

  Are you thinking about co-signing on a loan? If you’re looking to help out a family member or loved one, this is a great way to do that as a co-signer can help overcome stress testing and borrowing limits.However, it is important to be aware of the implications when co-signing on any loan. Credit […]

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28 Sep

The True Cost of Downsizing.

General

Posted by: James Wynters

Many Canadians consider downsizing during their retirement years. Once their children have left the nest, the choice seems obvious: relocate to a smaller residence or a more affordable town and capitalize on the price difference. For many retirees, the funds from the sale of their home can significantly impact their overall lifestyle and financial well-being. […]

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14 Sep

Converting Your Basement to an Income Suite.

General

Posted by: James Wynters

  With the current interest rates and economic scenarios, many Canadians may be looking for ways to bring in some extra cash. One option for this is to put your home equity to work and consider renovating your basement into a legal income suite! You can do this by using a secured credit line (home […]

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31 Aug

It’s Time to Crush Your Credit Card Blues.

General

Posted by: James Wynters

    Although credit cards interest rates have not been affected by the recent surge in the prime lending rate, the fact remains that credit card debt is usually the most expensive debt you can have. The average is around 20% and even the so-called ‘low interest’ cards carry a rate in excess of 10%. […]

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