What’s the Outlook for the Baby Boomers’ Babies?
There’s a lot of talk about the many, many Baby Boomers that are already stepping into their retirement years or are looking forward to doing so in the next several years. And while everyone’s talking about the impact this many Boomers will have on the economy, you can’t help but also question the impact their retirements will have on the generation that’s to come after them – their kids. While the Boomers may be creating historical stats, the Baby Boomers’ babies will experience a retirement very different than that of their parents and their grandparents.
Read moreCanadians are a Restless Bunch
You’d think that finding the home of your dreams, getting yourself all settled in, and finding a way to comfortably pay your mortgage every month would be enough for most people. But we Canadians aren’t happy with that. We want bigger, better, more, more, more! At least, that’s what a survey recently done by TD Canada Trust has found out.
Read moreYou’re Financially Prepared for an Emergency; are your documents?
With all the news of earthquakes and tornadoes in the GTA, and Hurricane Irene headed for Canada’s Eastern coast, there’s a lot of talk of emergency preparedness and getting ready for any disaster that may strike. And while having a storm cellar or a comfy nook in the basement is great; and having two to six months salary stashed away is even better, have you given thought to what’s going to happen to your paperwork should disaster really strike, and you end up losing significantly?
Read moreTrying to Choose Between a Condo or a House?
For many, the choice is easy. The benefits of living in a condominium are far too great to overlook. No weekends spent cutting the grass, no worrying about small repairs, and you might even get a swimming pool or tennis court thrown in. Others can’t stand the thought of additional condo fees on top of a mortgage, neighbours crammed up against each other, and small living quarters. For these homeowners, a house is the only way to go. But what if you can see yourself living in either a condo, or a house?
Read moreCanadian Home Sales are Up!
There’s good news for both home sellers and home buyers after The Canadian Real Estate Association released statistics showing just how many Canadian homes are starting to sell. While the stats don’t show an increase throughout the entire country, there is enough of an upswing right now to make any Canadian looking for a home and a mortgage finally feel good about it again!
Read moreAre Rent-to-Own Homes a Scam?
Rent-to-own homes, homes that you move into and pay rent for a little while before buying the property outright as your own, are becoming extremely popular in an economy in which mortgages are just too hard to get on your own. This is actually what makes them especially attractive options for people with low or bad credit because you don’t need to have mortgage financing in place. But some rent-to-own leasers have found problems with this type of arrangement. Either the initial owner doesn’t pay the mortgage while they’re paying the rent, or when it’s time to buy, the owner no longer wants to sell. So how can you tell if rent-to-own homes are a good buy, or a bad purchasing decision?
Read moreWhen It’s Time to Apply for a Mortgage, Look at the Whole Picture
The interest rate on your mortgage does have a huge impact on the final total you will end up paying on your mortgage. But it’s so important to look at factors other than the interest rate to make sure that you really are getting the lowest price on your mortgage. Because after some research, you’ll quickly find that the lowest deal does not always mean the lowest rate.
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