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The truth about reverse mortgages

On the surface, reverse mortgages seem like the ideal solution for cash-strapped seniors. At age 55 you can tap the equity in your home up to 55 per cent of the property value; you don’t have to make any interest or principal payments, and the mortgage only...

Financing a Home Renovation

When renovating a home there are a number of financial strategies that can be used depending on the cost and timing of the renovations and whether the home is owner-occupied or a rental property.                                                                         ...

What happens to my mortgage when I die?

With escalating home prices in cities such as Toronto and Vancouver having a residual effect be felt across much of the country, many Canadians are looking at holding mortgages well into retirement with no hope of actually paying them out once Canada Pension and Old...

The perfect home and $20K in your bank account

Using the services of a mortgage broker helps with both Purchasing a home is an exciting time. A lot of research goes into the purchase process, but we find many clients spend little time researching the best way for them to pay for the property and simply accept the...