Create Value In Your Home

familylendingFamilyLending.ca, Financial Tips, General Interest, Investment Property, Property Maintenance

With regards to return on your investment in a home renovation, people always want to know exactly what improvements will raise the value of their property by far the most. The easy answer is, revenue suite, however there are more tactics along with makeovers that have good dollar for dollar return also. Thinking long-term as well as beating the market … Read More

First Time Home Buyer Mistakes to Avoid

familylendingFamilyLending.ca, Financial Tips, First Time Home Owner, Mortgage Down Payment, Residential Mortgages

Not Knowing What You Can Afford What the banks say you can afford, isn’t necessarily what you should spend on your first home. If you don’t already have a budget for your home hunt, now’s the time to start planning. The mortgage brokers at FamilyLending.ca recommend making a list of all of your monthly expenses (excluding rent, of course). Subtract … Read More

The Costs of Closing on a Home

familylendingFinancial Tips, First Time Home Owner, General Interest, Household Budget, Housing Costs, Mortgage Down Payment, Residential Mortgages

Did you know that in addition to the downpayment and mortgage, you’re also responsible for any miscellaneous closing costs associated with your home purchase? These fees can vary in price, but all must be paid prior to taking possession of your home. If you’re currently in the market for a new home, now’s the time to consider these hidden costs … Read More

Mortgage Rates Stay Low – But For How Long?

familylendingFamilyLending.ca, Financial Tips, First Time Home Owner, General Interest, Refinancing my Property, Residential Mortgages

  Bank of Canada Governor, Mark Carney, confirmed on Wednesday that he has no immediate intentions to raise mortgage rates; however, Carney did confirm that “some” of the stimulus currently bolstering the system would be “eventually withdrawn.”  Carney made these statements following the release of fresh data from the Canadian Real Estate Association stating that some of Canada’s urban housing … Read More