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Everything you Need to know about Reverse Mortgages

Everything you Need to know about Reverse Mortgages

Wouldn’t it be wonderful to be able to have money to do more of the things you love? To be able to have the freedom to pursue things you truly enjoy, especially in your Golden Years? Enter in a CHIP Reverse Mortgage! A Reverse mortgage is a simple and sensible way to...
How to Invest in Canadian Real Estate From Abroad

How to Invest in Canadian Real Estate From Abroad

    Just because you are a Canadian citizen living abroad doesn’t mean that you are exempt from the rules for foreigners buying real estate in Canada.   Foreign ownership applies if:  You don’t reside in Canada for more than 6 months a year (even if...
What Not to do Once Pre-approved

What Not to do Once Pre-approved

We have talked about this a few times on the blog, but in light of the new First Time Home Buyers HOME partnership program, here are a few steps to follow once you are pre-approved or approved for financing. Don’t Apply for New Credit The lender will calculate your...
Not all Doom & Gloom-New Canadian Mortgage Rules

Not all Doom & Gloom-New Canadian Mortgage Rules

The Minister of Finance announced on Monday new Canadian mortgage rules effective October 17,2016. The new rules will impact high ratio buyers – those with less than 20% down payment. Other rule changes are expected to follow so stay tuned for details as they unfold....