instagram
facebook
twitter
you tube
google+

Category Archives: Financial Planning

Debt Consolidation Plan

When should you consider consolidating your debt with your mortgage and why?

I'm getting my financial house in order. What are you doing?

 

If you are unable to pay off your debts each month and your total debt exceeds $5000.

Interest rates and how they are calculated vary widely.

  • Interest on a mortgage is calculated twice a year
  • A Line of Credit loan is calculated monthly and usually carries a higher interest rate
  • Credit cards are calculated daily so your compounded debt accelerates at a frightening rate
  • Mortgage loans are larger in comparison, and therefore take longer to amortize or pay off. But you generally will pay less interest on every $100 borrowed.

With discipline and a plan, you can eliminate your debt up to $5000 any more than that, and most people have difficulty managing their monthly financial load.

Contact us, and we’ll help you work out a plan with your existing mortgage and become debt free. And remember, banks don’t help you with your liabilities. Excuse the pun,…. it’s not in their INTEREST.

Tip for when buying a house – Get all the documents organized that the lender will want to see

Tip for when buying a house – Get all the documents organized that the lender will want to see

  Tip for when buying a house – Get all the documents organized that the lender will want to see: the importance of Documentation. If you are employed: Two years of T4s; Two recent pay stubs; Letter of employment If you are self-employed: Make sure income taxes are up to date If you own a corporation:… Read More

Why use a local mortgage broker in Guelph instead of an on-line brokerage?

Why use a local mortgage broker in Guelph instead of an on-line brokerage?

  Why use a local mortgage broker in Guelph instead of an on-line brokerage? There are so many mortgage options available on-line, but why use a local mortgage broker in the Guelph, Kitchener/Waterloo/Cambridge instead of going on-line? That’s because they’ll understand the local housing market conditions which have a significant impact on your mortgage financing.… Read More

Things to know when buying or selling a home in Guelph, Kitchener, Waterloo and Cambridge

Things to know when buying or selling a home in Guelph, Kitchener, Waterloo and Cambridge

Things you’ll need to know when successfully buying or selling a home in Guelph, Kitchener, Waterloo and Cambridge. Get pre-approval before you list your home – requalify your mortgage. Other considerations are: Job changes Credit history changes Calculate the equity you’ll have Budget to help you keep on track Do a Buy/Sell Calculation Contact us… Read More

Debt Consolidation Plan

When should you consider consolidating your debt with your mortgage and why?

  If you are unable to pay off your debts each month and your total debt exceeds $5000. Interest rates and how they are calculated vary widely. Interest on a mortgage is calculated twice a year A Line of Credit loan is calculated monthly and usually carries a higher interest rate Credit cards are calculated… Read More

Financing Existing Student Rentals: Challenges That Can Be Overcome

Financing Existing Student Rentals: Challenges That Can Be Overcome

  Financing existing student rentals: Challenges that can be overcome An area of mortgage expertise I focus on is financing and refinancing rental properties. As a rental property owner myself, most clients appreciate the first-hand knowledge on the pros and cons of owning real estate as an investment.  I have made some great decisions with… Read More