by debtcancel | Aug 9, 2023 | House Tips, Mortgages
With the current interest rates and economic scenarios, many Canadians may be looking for ways to bring in some extra cash. One option is to put your home equity to work and consider renovating your basement into a legal income suite! You can do this by using a...
by debtcancel | Jul 6, 2023 | House Tips, Mortgages
Not all insurance products are created equal. It is essential to understand all the different insurance products to ensure you have proper coverage. Below are the leading insurance product options you will encounter with homeownership and what they mean: Default...
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...
