5 mortgage-switch surprises to avoid
Switching your mortgage can save you thousands—but it’s important to pick an offer that doesn’t reduce that benefit by hitting you with higher fees and other unexpected costs. ...
Managing your mortgage during COVID-19
Measures to slow the spread of the pandemic in Canada caused the sudden closing of schools, restaurants, retailers and service businesses—leaving many Canadians with uncertain income and worried about how to keep up with...
What to do with a rental property when you owe more than it’s worth
Oil prices have tanked and Renee wants to sell her rental property in Fort McMurray, but she owes more on the mortgage than the property would currently be listed for on the market. What...
Reverse mortgage vs HELOC: Deciding the best way to access the equity in your...
If you don’t have income, or suddenly face a job loss or emergency expense, it may be difficult to get approved for a home equity line of credit, and selling may not net you...
Is a reverse mortgage right for you?
Drawing on the equity in your home, a reverse mortgage is like a loan to yourself—and one you won’t have to repay while you’re alive or until you move. We walk through the benefits...
CMHC tightens mortgage rules in latest response to COVID-19
Changes designed “to protect future home buyers and reduce risk” will took effect July 1, 2020. ...
“We paid off our mortgage early. What now?”
It's important to make a plan for your new, excess cash flow—bumping up retirement savings and emergency funds are two worthy options. But do set some aside as a well-deserved reward. ...
“Is it time to buy a home, or should I continue renting?”
Look at how long you expect to live in your next residence, your ability to handle all the monthly payments associated with owning, and locations that might offer better value. ...
How to make it as a first-time home buyer in Toronto
If you’re discouraged by the sky-high prices, hefty closing fees and bidding wars—don’t worry, there are still options for those itching to live in the city. ...
“Is it better to pay down our mortgage or ramp up contributions to our...
Caitlin and her husband have been making accelerated mortgage payments, which he wants to pause so they can save as much as possible for his son’s post-secondary education. Who’s right? ...