by debtcancel | Nov 29, 2017 | Testimonials
Mr and Mrs purchased a home in Dundas, Ontario for $2,610,000. Prior to doing so, they consulted with their bank, who assured them there would be no problem with the financing. Based on their bank’s assurance, they made a firm offer to purchase. Their bank backed out...
by debtcancel | Nov 16, 2017 | House Tips
Winter is just around the corner. Here are some helpful tips to protect your home, minimize your heating bills and make your winter more pleasurable: A visual inspection of your roof can identify lose or missing shingles and damaged flashing. Spending a little time...
by debtcancel | Oct 19, 2017 | Mortgages
Effective January, 2018, the qualifying rate for uninsured mortgages, (20%+ down payment), will be the greater of the five-year benchmark rate published by the Bank of Canada, (4.89% today), or the contractual mortgage rate + 2%. In plain English, IF the 5 year...
by debtcancel | Oct 18, 2017 | Mortgages
When shopping for a mortgage, the lowest rate should not be your only concern. Pay attention to the three ‘P’s’: Prepayment privileges By how much can you pay down your mortgage annually without being penalized? Penalties What penalty will you pay to pay your mortgage...
by debtcancel | May 16, 2017 | House Tips
A rental property can be a lucrative investment. Before purchasing, however, do your homework by considering the following important factors: Realistic Rental Income Consult with real estate professionals to determine the ‘fair market rents’ applicable to your...
