I came across this fantastic video recently, and while it’s not specifically mortgage related, it is a fantastic look at how the current economy issues are affecting the housing market. It’s a long video (30 minutes), but if you’re at all interested in the economy and finances, this is the clearest and most concise explanation… Continue reading How The Economic Machine Works by Ray Dalio
Do you have to disclose if someone died in your home?
Generally, you are not required to share information about the house as long as you don’t hide anything or deliberately lie about anything. You do not have to offer information that your spouse or parent died at h0me, or that there was a suicide or even a murder in the home. Keep in mind, however,… Continue reading Do you have to disclose if someone died in your home?
Using the Home Buyers’ Plan for a Down Payment
Did you know that Canadians can use money (up to $25,000 per calendar year) from their RRSPs (Registered Retirement Savings Plan) tax-free for a down payment on their first home? It’s a program called the Home Buyers’ Plan (HBP), however there are some conditions for participating (the RRSP contributions must stay in the RRSP for… Continue reading Using the Home Buyers’ Plan for a Down Payment
To Rent or Buy? That is the Question
Article courtesy of Genworth Canada. Most Canadians at some time in their lives have probably asked themselves whether it is better to rent or buy a home. Purchasing a home is one of the biggest decisions most people ever make in their lives. Ultimately, it is a personal choice. But it helps to look at… Continue reading To Rent or Buy? That is the Question
Mortgage Monday Rate Update – July 2013
We’ve been doing these Mortgage Monday Rate Updates for going on two years now, and haven’t had much movement the entire time… but finally, there’s actually some movement to report. For those that are shopping for a new house, or looking to do a refinance (or even just a simple mortgage renewal), rates and numbers… Continue reading Mortgage Monday Rate Update – July 2013