Should you pay down the mortgage or invest?

Should you pay down the mortgage or invest?

One of the biggest debates in the personal finance community is whether someone should use their extra cash to pay down the mortgage or put that money to work in investments. The mortgage paydown strategy is popular with risk-adverse folks. Investing is risky, while...
Spring Fresh Home Maintenance Tips

Spring Fresh Home Maintenance Tips

A well-maintained home is a smart way to ensure your home is safe, and that its value continues to rise, whether you plan on selling it now or in the future. Here are some tips: Double check you’ve got smoke detectors on each floor of your home, test them...
Five ways to improve your credit score

Five ways to improve your credit score

If you currently have a mortgage or are looking to obtain one, it is imperative you maintain a healthy credit score. The three digits that make up your credit score tell a lender a lot about your credit history and ultimately the status of your financial health....

$1.67 – what it means

According to Statistics Canada, the average Canadian’s debt-to-income ratio is $1.67. Keeping all those creditors at bay can be a difficult juggling act. Let Defined Mortgage Services devise your plan to financial recovery. Call or email us at  647-201-0167 /...
The CHIP Home Income Plan

The CHIP Home Income Plan

Are you aged 55+ and having problems juggling the costs associated with home ownership as a retiree and maintaining your lifestyle? OR do your parents find themselves in this predicament? Through the CHIP Home Income Plan, homeowners aged 55+ can access up to 55% of...