Should I Get A Mortgage Pre-Approval?

Should I Get A Mortgage Pre-Approval?

Should I get a Mortgage Pre Approval? Going through the pre-approval process is important. However, the actual term ‘pre-approval’ is often misunderstood. It’s not magic, and it’s certainly not binding. Let’s be clear, a pre-approval isn’t for the lender; it’s for...
The Interest-Only Mortgage

The Interest-Only Mortgage

Relatively self-explanatory, an interest-only mortgage is one where your entire mortgage payment goes to interest and does not pay down the principal mortgage amount at all. So at the end of your term, you will owe the same amount as when you got your mortgage. So you...
Mortgage Options Into Retirement

Mortgage Options Into Retirement

Although it’s ideal to have your mortgage paid off by the time you retire, in today’s economy, that isn’t always possible. The cost of living is considerably higher than it has ever been, and as a result, a lot of Canadians are putting off retirement, hoping to make...
Using Your RRSP To Help Buy A Home

Using Your RRSP To Help Buy A Home

Did you know that you can use your RRSP to help buy a home? In fact, you can, it’s called the RRSP Home Buyer’s Plan (or HBP for short). Here are a few things you need to know! It needs to be your first home (with some exceptions). Technically, you must not have owned...