by debtcancel | Jun 1, 2023 | Mortgages
Did you know? The Canadian government has a program known as the Home Buyers’ Plan (HBP), which is designed to allow first-time home owners to withdraw up to $35,000 from RRSP for the purpose of buying a home! Purchasing with your spouse? You can access a total of...
by debtcancel | May 4, 2023 | Mortgages
When it comes to homeownership, many of us dream of the day we will be mortgage-free. While most mortgages operate on a 25-year amortization schedule, there are some ways you can pay off your mortgage quicker! 1. Review Your Payment Schedule: Taking a look at your...
by debtcancel | Apr 20, 2023 | Credit Health, Mortgages
Your payment schedule is the frequency that you make mortgage payments and ranges from monthly to bi-monthly, bi-weekly, accelerated bi-weekly or even weekly payments. Below is a quick overview of what each of these payment frequencies mean: Monthly Payments: A...
by debtcancel | Feb 10, 2023 | Mortgages
A second mortgage is a mortgage that is taken out against a property that already has a home loan (mortgage) on it. Generally people take out second mortgages to satisfy short-term cash or liquidity requirements, have an investment opportunity or to pay off...
by debtcancel | Jan 20, 2023 | Mortgages
When traditional lenders (such as banks or credit unions) deny mortgage financing, it can be easy to feel discouraged. However, it is important to remember that there is always an alternative! If you’re seeking a mortgage, but your application doesn’t fit into the box...
by debtcancel | Jan 12, 2023 | Credit Health, Mortgages
The holidays are a season of giving and often times, households can often find themselves carrying some extra debt as we enter the New Year. If you happen to be someone currently struggling with some post-holiday debt, that’s okay! Whether you’ve accumulated multiple...
