Raising a family while trying to buy a home? It’s no secret that juggling parenting expenses and homeownership can be tricky, but here’s the good news: there are ways to make it work. Canada offers some built-in “boosters” to help parents qualify for a mortgage. From maternity leave income to child support payments and government […]
So, you’re in the exciting process of buying a new home, but here’s the catch—your closing dates don’t quite line up. Sound familiar? That’s where bridge financing comes in, and trust me, it’s a lifesaver. So, you’ve found the home of your dreams, but your current one hasn’t sold just yet. No worries! Bridge financing […]
Are you feeling the pressure of saving up for a down payment while watching home prices rise? It can be stressful, right? I completely understand, especially when it seems like every time you make progress, the market shifts again. But here’s the good news—you don’t have to wait years to save up that big chunk […]
Let’s talk about porting your mortgage. It sounds complex, but it’s actually a pretty simple concept that can make your home-buying experience much smoother. Porting your mortgage means transferring your existing mortgage—along with its current rate, terms, and balance—from your current home to the new one you’re purchasing. This can be a huge advantage, especially […]
So you’ve secured a rate and the rate dropped. What know? This is a conversation I have daily. Now I know when you are looking to refinance or obtain a new mortgage—one goal is usually top of mind: securing the lowest possible rate. Let’s face it, locking in a great rate can […]
Will a reverse mortgage affect my credit score? While a reverse mortgage doesn’t directly impact your credit score, using the funds to pay off existing debts could actually boost your credit profile and increase your score! It’s a win-win. Are reverse mortgage payments taxable? Nope! The money you receive from a reverse mortgage isn’t […]