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There are great advantages to having your own business. There are many extremely successful business owners that live great lifestyles yet don’t have to pay for medical, all because they have great tax write-off's that bring their income down to a low tax bracket. ...
Why you should always shop for a mortgage Well folks I just do not get it. I do not understand why smart person after smart person continues to sign on the dotted line for the first offer they are given upon mortgage renewal. Case in point that has brought this to a...
When you purchase a property, you may be a little overwhelmed by all the insurance offers related to purchasing a new property that come your way. Mortgage Life Insurance, Condo Insurance, Mortgage Default Insurance, Earthquake Insurance; the list goes on and on. It...
Why a Big Down Payment is Better First time home buyers look to their families, the media and the Internet for all their information on how to buy a home. As a result, they know that they need 5% of the total home purchase price to buy the home of their dreams. While...
Because the top secret formula has never been released there are common myths that are floating around about the ones credit score, here are the top 5. 1. Too Many Credit Cards Will Hurt My Credit Score Actually, cancelling healthy active cards or accounts hurts more...
Rent-to-Own, Lease to Own, R2O. They may seem like good options, but watch out for these pitfalls. They are a good program as long as you have a mortgage planner ensuring you are following a plan to succeed. Rent to Own…what you NEED to know. My guess is you might...
Banks and Credit Unions – Life and Disability Insurance I continue to hear from my clients that their own bank or credit union is stating they are REQUIRED to purchase life and disability insurance in order to be approved for their mortgage. This is called tied...
Property Transfer Tax Changes In B.C. Short Version There are no changes to the first-time home buyer exemption limits (with the exception of point #2 which includes first time buyers). All buyers (first-time buyers and repeat buyers) are now exempt from PTT on...
Despite headline-grabbing stories about million-dollar houses pushing home ownership out of reach in Canada’s large cities, there’s still plenty of opportunity for first-time buyers in certain segments of the Canadian real estate market, says Dominion Lending Centres...
Renovating May Make More Sense Than Buying If you’re finding your family has grown out of your current home or your house could use a makeover to better fit your changing needs, renovating is a great option to examine. Instead of putting your home on the selling block...
The Amortization Effect Each year from 2008 through 2010 the Federal Government reduced the maximum amortization as follows: Purchases with less than 20% down –from 40–35 years, then 35- 30 and finally 30–25 years where it remains today. Purchases with 20% or more...
Can Private Mortgages Improve Your Financial Well-Being A private mortgage can improve your financial well-being and using a reputable mortgage agent/broker will advise when it is suitable for your circumstances to enter into a private mortgage. Your mortgage agent...