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
How to Build a Better Budget
There are many challenges when it comes to creating a solid financial plan. Whether you’re saving to buy your first home or hoping to invest in some property updates, now’s the time to focus on balancing your budget. The sooner you develop a realistic budget, the easier it will be to stick to, and the sooner you’ll be able to … Read More
Rolling the Dice, Fixed vs. ARM ( Adjustable Rate Mortgage)
Rolling the dice is perfectly acceptable when you’re in a casino in Las Vegas. I know from first-hand experience that playing “craps” in Vegas can be a rush. For those of you who may not be familiar with the rules or finer points of “craps”, and would like to give it a try next time you’re in Vegas, DO NOT … Read More
First-time Home Buyer Help: Mortgage Pre-Approvals and Down Payment Options
First-time Home Buyer Help: Mortgage Pre-approvals and Down Payment Options Purchasing your first home can be a stressful experience. From listings to viewings, paperwork to inspections, there are a lot of things that first-time home buyers need to think about prior to making an offer on a potential home. Luckily, the mortgage brokers at FamilyLending.ca are here to help … Read More
Saving Strategies for Canadian Homeowners
Save Smart: How to Manage Money and a Mortgage According to a recent Canadian Payroll Association survey, nearly 60% of Canadians don’t have enough money in the bank to cover even one month’s worth of necessary expenses. Too many homeowners are living on the edge of financial disaster, spending money that they should be saving. If you’re finding it difficult … Read More