Tips for Turning Your Home Into an Income Property

familylendingFamilyLending.ca, First Time Home Owner, Household Budget, Investment Property, Property Maintenance, Residential Mortgages

For years, people across Canada have been turning run down, old properties into money, by transforming homes into income properties. Although most people who watch home renovation or real estate television shows can picture themselves quickly fixing or transforming a property for a financial return, it isn’t always that easy.  If done correctly however, renovating your first home to become … Read More

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

Things to Consider Before Buying a House

familylendingCredit Rating, First Time Home Owner, General Interest, Household Budget, Mortgage Types

Buying a home is a big investment – both financially and emotionally. Make sure you’re properly prepared by considering the following things prior to submitting a purchase offer. Your Credit Rating If you aren’t aware of your credit rating, now is the perfect time to do a little investigating. Making sure your finances are in order is probably the most … 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