One of the big problems with divorce is the issue of a mortgage taken with your partner. To avoid an unpleasant fight in court, one of you can buy out the partner’s share, which will resolve the issue of property management in the future. We will discuss how to do it, how much it may… Continue reading Buying Your Partner Out Of a Mortgage
The most popular types of mortgages in Canada
Choosing between the different types of mortgages is not that hard if you know the jargon – here is a guide of credit options widely used in Canada. If you are taking out a loan for the first time, it can be easy to get confused – there are many options. Here in the article,… Continue reading The most popular types of mortgages in Canada
What is refinancing a mortgage? How can you change the terms of your mortgage?
There is a chance to improve your financial situation if you have taken a mortgage – you can lower your borrowing costs or even get more money against the value of your home. The answer to the question “What is refinancing a mortgage?” lies in this article. To get better credit terms, many owners of… Continue reading What is refinancing a mortgage? How can you change the terms of your mortgage?
What is a down payment? Are there nuances in Canada?
Almost every country requires a down payment on a home loan. In Canada, there are variable mortgage options that suggest different possible amounts for the down payment. It’s obvious that if you want to buy a house, you’ll have to make a down payment. And, of course, you have wondered what is a down payment… Continue reading What is a down payment? Are there nuances in Canada?
RRSP Explained: Everything You Need to Know about the Retirement Savings Plan
RRSP may sound weird as an abbreviation, but the meaning here is simple: RRSP is just a Registered Retirement Savings Plan. Here are all the details about this loan type — with benefits and drawbacks. Registered Retirement Savings Plans are retirement savings accounts just like your TFSA, RPPs, etc. But the thing is, they differ… Continue reading RRSP Explained: Everything You Need to Know about the Retirement Savings Plan
5 benefits of Mortgage Pre-approval in 2021
Getting a pre-approval for your mortgage is a vital stage in your arrangement to purchase a house. In the article, we explain the contents of “mortgage pre-qualification” and “mortgage pre-approval”, as well as elaborate on its advantages. Suppose you have decided to purchase your first home. You think about closing expenses and the significance of… Continue reading 5 benefits of Mortgage Pre-approval in 2021
What is an Exchange-Traded Fund, and What Are Its Benefits?
The ETF is an investment portfolio with various securities and may be purchased and resold at marketable rates throughout the day. The usage of these funds achieves special goals or techniques of investment. The majority contain securities reflecting the market index followed and which they wish to mimic the returns. ETF has been recently formed… Continue reading What is an Exchange-Traded Fund, and What Are Its Benefits?
Mortgage Payoff Vs. Investing: Making the Right Choice
This guide will help you assess your current financial situation, the pros, and cons of both options, and ensure you make an informed decision. If one day you find yourself having some extra cash, a growing interest in the stock market, and making monthly mortgage payments, you will probably be at a loss as to… Continue reading Mortgage Payoff Vs. Investing: Making the Right Choice
How Many Credit Cards You Should Perfectly Have for Living In 2021?
Today, banks offer many types of cards with different opportunities like high credit limits and NFC payments. To decide on the number of cards to suit one’s life becomes of vital importance. As financial organizations are struggling so furiously for each client with low interest, succulent prizes, and simple terms, you become a choice millionaire. … Continue reading How Many Credit Cards You Should Perfectly Have for Living In 2021?
How to Get Bad Credit Mortgage Loan Easily Avoiding Mistakes Today
“I don’t know my credit score, but I know they won’t give me anything because of that one payment on a student loan I missed nine years ago”. Sounds familiar? It’s also a completely wrong approach. A surprising number of people don’t even try to buy a home because they think they won’t get mortgage… Continue reading How to Get Bad Credit Mortgage Loan Easily Avoiding Mistakes Today