Blog by Kory Prince

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Buying a Home: What Expenses to Expect

February 8th, 2013

Buying a Home:  What Expenses to Expect

 


Expenses.jpgBudgeting for a new home can be tricky.  Not only are there mortgage installments and the down payment to consider, there are a host of other—sometimes unexpected—expenses to add to the equation.  The last thing you want is to be caught financially unprepared, blindsided by taxes and other hidden costs on closing day.

 

These expenses vary:  some of ...

5 Ways Around Tough New Home Down-Payment Rules

January 8th, 2013

5 Ways Around Tough New Home Down-Payment Rules

 


Money Stretch.jpgIt would seem that regulators want to dissuade Canadians from buying homes with nothing down. Yet despite all of the recent changes, buyers can still get into the real estate market with little cash on hand.

Ottawa did away with Canada Mortgage and Housing Corp .-insured 100 per cent financing back in 2008. Home buyers with few savings search ...

A Cash Back Mortgage Could Get You Into Your Home Sooner!

December 13th, 2012

A Cash Back Mortgage Could Get You Into Your Home Sooner!

 

 

House Coin.jpgA cash back mortgage gives you cash upfront to help you with your home purchase. The amount of cash you receive is a certain percentage of your mortgage principal, and can help pay for closing costs, moving or unforseen expenses. In some cases, the cash back can be used for your downpayment.

Qualified homebuyers should take a look ...

Using an RRSP as a Mortgage Lender

December 10th, 2012

Using an RRSP as a Mortgage Lender

 

 

RRSP.jpgThis issue deals with using an RRSP as a mortgage lender. With interest rates on conventional bank deposits very low, using your RRSP to lend money on a mortgage to a third party or even yourself can be a way of getting a better investment return. Your RRSP has to a self directed one, and your RRSP administrator has to be able to handle mortgages in your ...

Curious How Much Your Mortgage Payment Will Be?

October 12th, 2012

Curious How Much Your Mortgage Payment Will Be?



Check out this Mortgage Payement Calculator

 

Questions? Just ask!


Kory Prince

Want to Know Much Mortgage Insurance Will Cost You?

October 11th, 2012

Want to Know Much Mortgage Insurance Will Cost You?




Check out this Mortgage Insurance Premium Calculator



Questions? Just ask!


Kory Prince

Curious How Much Home You Can Afford to Buy?

October 10th, 2012

Curious How Much Home You Can Afford to Buy?



Check out this Mortgage Affordability Calculator


Questions? Just ask!


Kory


Want to Have Better Control of Your Money?

October 9th, 2012

Want to Have Better Control of Your Money?




Check out CMHC's HouseHold Budget Calculator




If you have any questions, CONTACT ME anytime!

Kory




Mortgage Planning Tips

September 21st, 2012

Mortgage Planning Tips

 

When financing a home, the following considerations can help you to save money and provide for greater economic stability in the event of financial challenges down the road such as lower income levels, increased monthly expenses and/or higher interest rates.

  • Consider a lesser mortgage amount than the maximum you can afford

    Mortgage Professionals use two simple cal ...

Commercial Loans

July 24th, 2012

Commercial Loans



Money Key.jpg
Commercial mortgages are available to clients who are searching for financing to cover costs for purchases of commercial buildings, multi-family units and apartment buildings.

Commercial lenders have different criteria for each situation. Take advantage of all resources and expertise when it comes to your commercial mortgage.

Many commercial property owners are loo ...

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