What is a mortgage amortization?

When shopping for a home, many people focus on mortgage interest rates. It makes sense since the lower the rate you can get, the more home you can technically afford. While low rates are important, it’s not the only thing you should consider when getting a mortgage. The term, amortization, and features are just as…

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As you can imagine, I write, talk, and read a lot about money. It’s a huge interest of mine so naturally I come across some amazing stories, but quite often I hear some money myths over and over again that just aren’t true. I have no idea where any of these money myths originated from, but…

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mortgage mistakes to avoid

For most people, getting a mortgage is a must when purchasing a home. It’s a pretty straight-forward process, you borrow money from a lender so you can purchase a home. Despite how “simple” it sounds, there are plenty of mortgage mistakes to avoid when you’re making an application. The biggest mistake is arguably not getting pre-approved…

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steps to purchasing a home

Buying a home will most likely be the most expensive decision you make in our lives so it shouldn’t be taken lightly. I find it absolutely amazing how some people will spend hundreds of thousands of dollars, possibly even up to a million dollars without giving some serious thought about it. Way too often some of…

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The Best Time to buy a Home in Toronto

With the cost of real estate at record highs in Canada, you’d be forgiven if you decided to sit on the sidelines. No one can predict what will happens with prices, but what we can do is be smart about how much money we borrow. Buying a home will be the largest purchase of your…

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I’m not sure if you’ve been paying attention but the Canadian economy has been making a ton of headlines. These stories have been so big that they are making the front pages of newspapers and leading newscasts on TV. The average person probably doesn’t keep up with news in general but here’s a few things that…

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Yikes, fewer Canadians are paying off their mortgages faster according to a poll done by CIBC.  Only 55% of us with mortgages plan to make extra payments compared to 68% polled last year. Okay, I suppose it’s possible that homeowners are taking advantage of the low interest rates and we’re investing their extra money instead…

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