Housing Types

familylendingFamilyLending.ca, Financial Tips, First Time Home Owner, General Interest, Household Budget, Housing Costs, Residential Mortgages

From townhouses to triplexes, there are numerous types of properties available to Canadian consumers. Not sure what layout works best for your family? Then check out our explanation of typical housing types below. Your mortgage payments and regular monthly bills may change depending on the kind of house you acquire, therefore it is vital that you carefully weigh the pros … Read More

Renovating Before Selling – Is It Worth It?

familylendingFamilyLending.ca, Financial Tips, General Interest, Property Maintenance, Residential Mortgages

Before putting your property on the real estate market, many home buyers ask whether or not their home would probably gain value from the home renovation. It could, but there will be things you need to take into consideration prior to finishing home renovations.   Expertise vs. Passion It’s simple to get up to date watching home renovation episodes on … Read More

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

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