by Glenn Maclaren | Oct 9, 2020 | Blog, Finance, Homeownership
Often times, when you buy a property, there’s a gap between your home’s closing date and the day in which your lender withdraws your first mortgage payment from your bank account. During those in-between days, interest is accumulated on the money you owe, and a...
by Glenn Maclaren | Oct 2, 2020 | Economy, Finance, Homeownership
In the simplest of times, debt has a way of creeping up and quickly causing grief in our everyday lives, not to mention the havoc it can wreak during a pandemic, creating extra stress and uncertainty. A debt consolidation mortgage is an affordable way to pay...
by Glenn Maclaren | Sep 18, 2020 | Blog, Finance, Homeownership, Mortgage
One of the most challenging obstacles to homeownership is saving enough money for a down payment. Thankfully, mortgage default insurance provides a break to homebuyers that enables you to put less money down. The minimum down payment required to purchase a...
by Glenn Maclaren | Sep 9, 2020 | Announcements, Economy, Finance
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank is also continuing its quantitative easing (QE) program, with...
by Glenn Maclaren | Sep 4, 2020 | Blog, Economy, Finance, Homeownership
Both a home appraisal and an inspection are important steps within the home buying process, so it’s well worth your effort to distinguish the differences between them and learn how they can both be used to your advantage to uncover detailed information about a...
by Glenn Maclaren | Aug 28, 2020 | Blog, Finance, Homeownership
We’re capable of convincing ourselves of pretty much anything, especially concerning our personal spending habits and debt levels. When we start spending beyond our means, there are many short-term things we can do that will help put a band-aid on our debt...
