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Should I choose monthly or weekly payments?

Monday March 5th, 2018

Should I choose monthly or weekly payments?

You have just completed the mortgage approval process, and the inevitable question from your mortgage broker or bank adviser crops up: do you want to make weekly or monthly payments? If you answer weekly payments (my suggestion!), be aware that your choice doesn’t end there. First of all, there is a big difference between an […]
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Who can be exempt from paying the welcome tax?

Monday February 26th, 2018

Who can be exempt from paying the welcome tax?

The welcome tax is also known as the land transfer tax. Former Minister Bienvenue had created this tax to allow municipalities to tax real estate transactions carried out on their territory as an additional source of income. The new owner is responsible for the transfer tax. If you separate from your spouse and buy his […]
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Buying a property needing major renovation? Careful planning will bring big savings!

Monday February 19th, 2018

Buying a property needing major renovation? Careful planning will bring big savings!

For over 5 years, you can no longer refinance* a mortgage for more than 80% of the market value of a home. Over the last 15 years, we have noticed that many of our clients return to our offices seeking mortgage refinancing in order to consolidate their debts. Sometimes this would occur only months after […]
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Refinancing a property can be advantageous.

Monday February 12th, 2018

Refinancing a property can be advantageous.

Certain situations make it worthwhile to refinance your property: To maximize your RRSP in the framework of a plan drawn up by a financial planner; To finance a project at a lower cost (lower interest rates) such as; Purchasing a motor vehicle Renovating a home Installing a swimming pool Changing the windows Installing a heat […]
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I’m a self-employed worker looking for a mortgage loan, but my declared income isn’t representative. Are there solutions?

Wednesday January 31st, 2018

I’m a self-employed worker looking for a mortgage loan, but my declared income isn’t representative. Are there solutions?

Your declared income isn’t representative of your current income? If this is the case, we’ve got good news: you now have access to a program that could help you buy a property. Mortgage loan for self-employed workers with self-reported income The Business for Self (ALT.A) program allows self-employed borrowers to self-report their income. However, borrowers […]
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Faster mortgage repayments.

Monday January 29th, 2018

Faster mortgage repayments.

It’s simple. Just make early refunds for the duration of your loan, thus reducing interest costs and, at the same time, accelerating the repayment of your mortgage debt. You can increase the amount of your payment (capital and interest); the supplementary payment applied directly to the capital will reduce the overall cost. You can also […]
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The 10-point case for working with a mortgage broker.

Monday January 22nd, 2018

The 10-point case for working with a mortgage broker.

1. Get expert advice on your financial options. Because we are independent mortgage brokers, we are not tied to a specific product range or a particular lender. Our only goal is to help you secure the best financing possible for your property. First, we take the time to get to know you and then work […]
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What to do about the next Variable Rate Increase from the Bank of Canada ?

businessman doing yoga in lotus pose
Monday January 15th, 2018

What to do about the next Variable Rate Increase from the Bank of Canada ?

It seems that the Canadian economy has surpassed expectations and another variable rate increase is inevitable. If the rate hike that was predicted for last December did not pan out, the one expected this week will most likely occur. The Bank of Canada (BoC) will make the announcement on the 17th of January 2018, bringing […]
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Christmas was magic! Now, how do I pay the debt racked up on my credit cards?

Monday January 15th, 2018

Christmas was magic! Now, how do I pay the debt racked up on my credit cards?

It’s January, cold and dark, and here you are, faced with a pile of debts and credit card bills that reflect your over-spending on holiday celebrations! You’ve received one or more bills? Can you pay them all off? If this is the case, congratulations! If not, take a few minutes to do the following exercise. […]
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Do I need to have my mortgage pre-approved if I’m planning to buy a condo?

Monday January 8th, 2018

Do I need to have my mortgage pre-approved if I’m planning to buy a condo?

The short answer is no, but your real estate agent and mortgage broker strongly recommend it. Here’s why: You will be spending a lot of time with your real estate agent because they will be there to help you pinpoint your needs, look at properties, and negotiate with the sellers. It is only normal then […]
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