The terms Home Equity Line of Credit (HELOC) and Home Equity Loan may appear similar to someone who is new to Canadian real estate terminologies. They mean different things and I will attempt to clarify that in this article. For more on mortgage/ real estate terms and definitions, check out this article. What Is A HELOC? A home equity line of credit is a revolving line of credit that is secured … [Read more...]
Real Estate
First time home buyer? I discuss saving for your down payment, best mortgage rates, buying your dream home, real estate investments, and much more.
Is Mortgage Life Insurance Worth It?
Mortgage life insurance is often sold by mortgage lenders (financial institutions) and offers to pay off your outstanding mortgage (up to a maximum amount) if you die or suffer ill health or injury that prevents you from being able to work and earn money.Mortgage life insurance is also referred to as Mortgage Protection Insurance or simply as Mortgage Insurance. This insurance is very … [Read more...]
RateHub.ca Review: Online Mortgage Rate Comparison
Ratehub.ca is a website that allows visitors to compare several financial products online including mortgage rates, credit cards, high interest savings accounts, insurance products, and so on. Significant savings can be found by using online comparison websites to narrow down your options when looking for competitive rates, and that without leaving your home.Websites offering similar services … [Read more...]
Closing Costs Associated With Selling A Home
Just as with buying a home, there are closing costs associated with selling a home. I have previously discussed the closing costs that first-time home buyers should prepare for here.Let's talk about the costs associated with selling your house. 1. Realtor's Commissions The seller is usually responsible for paying the commissions to realtor's or real estate agents used by them and the buyer. … [Read more...]
12 Easy Ways To Save On Your Home Insurance Premium
Homeownership is costly and the homeowners insurance premium is just one of the many costs a homeowner has to contend with on an annual/monthly basis. Below, I have compiled 12 easy ways to save on your home insurance: 1. Shop around for the best rates Insurance companies and their rates come in all sizes. Be ready to compare rates across different providers, brokers, and agents to see which one … [Read more...]
Ontario Moves To Cool The Housing Market
If you are interested in real estate at all and have been following the news, then you know that a lot has been said about the rapid rise in prices of residential housing in both British Columbia and Ontario over the last few years.Last summer, after average Vancouver house prices rose 32% year over year, the provincial government stepped in and introduced some new rules and taxes in their bid … [Read more...]
FREE eBook: A Simplified Guide To Buying A Home In Canada
Are you looking at buying a home in Canada soon?I’m giving away a FREE eBook to guide you along the way and help you buy your home with confidence!Download this free e-Book today and buy your first home in Canada like a pro!When we decided it was time to buy our first home in Canada, little did we know that the "house purchasing business" could be somewhat complicated. Complicated, … [Read more...]
Mortgage Broker vs. Big Bank: Who Should I Choose?
Follow my blog with BloglovinIf you are shopping around for mortgage rates, It's good to know what to expect (or not) from dealing with mortgage brokers or going directly to the big banks.Before buying our first home, I really didn't understand the differences between mortgage brokers and the banks. I just assumed they were all one and the same. However, after we decided it was time to … [Read more...]
