Home Equity
Inheriting a House; will you owe taxes?
In Canada, we do not have an inheritance tax, however, there are things that you need to be aware of because there may still be taxes owing after an individual has passed away.
Equity Take-Out
Bridge loans; How do they work?
So you have sold your home and purchased a new dream home, but your closing dates aren’t lining up perfectly, so what do you do? You’ll need bridge financing!
First-Time Buyer
New Build Home buying Mistakes to avoid!!!
So you are thinking about buying a new home and have decided that a new build is what you really want, that’s a great idea, nearly one third of home buyers opt for a brand new build!
It means you can customize your home to meet your personal wants, needs, and style! You have lower maintenance costs on a new build, and unexpected surprises (like asbestos, major plumbing issues, or electrical upgrades) are unlikely! (more…)
First-Time Buyer
Repercussions of Backing out of a Deal
In real estate sales the responsibility is on the buyer to beware, and to ensure they know what it is they are buying. However, the risks for both the buyer and seller in a volatile market can be very real and some buyer/sellers just want to back out of their deal.
Equity Take-Out
Second Mortgage Facts you need to Know!
Do you need to use the equity in your home?
Are you looking for a convenient way to access cash for home renovations, business investment, or debt consolidation?
Then you may be considering a second mortgage.
With a second mortgage, you can borrow against the equity in your home without breaking your current mortgage, thus avoiding unwanted penalties!
But how do you know if a second mortgage is the right product for you? (more…)
Equity Take-Out
Private Mortgages; When are they right for you?
For many, home ownership is a good step towards building a financial nest egg, but what happens when traditional lenders won’t approve you for a mortgage?
Until recently, only about 4-5% percent of mortgages in Canada have been from private lenders, but as stricter rules have come into effect, we are seeing that number starting to rise. (more…)