Private Mortgage Exit Strategy in Ontario

Mortgage Tips Chi Ying Tammy Lui 14 Aug

A private mortgage can provide an alternative financing solution when traditional bank or institutional financing is not currently available. But obtaining the mortgage is only one part of the plan. Before entering into private financing, it is important to consider a key question: How will you exit the private mortgage when the term ends? For […]

Read More

Debt Consolidation with a Mortgage in Ontario: When Does It Make Sense?

Mortgage Tips Chi Ying Tammy Lui 7 Aug

High-interest debt can become difficult to manage when several payments are due every month. A homeowner may have a mortgage payment, credit-card balances, unsecured lines of credit, car payments and other obligations. Even when household income is reasonably strong, the combined monthly payments can put considerable pressure on cash flow. For homeowners with sufficient home […]

Read More

5 Things to Review Before You Renew

Mortgage Tips Chi Ying Tammy Lui 1 Aug

Don’t Just Sign Your Mortgage Renewal: 5 Things to Review Before You Renew When your mortgage renewal offer arrives, it may seem easiest to simply sign and send it back. However, your mortgage renewal is an opportunity to make sure your mortgage still fits your financial goals—not just today, but for the years ahead. Many […]

Read More

5 Mistakes First-Time Home Buyers Make in Ontario (And How to Avoid Them)

Mortgage Tips Chi Ying Tammy Lui 17 Jul

Buying Your First Home: 5 Common Mistakes Buying your first home is exciting… 1. Shopping for a Home Before Getting Pre-Approved Many buyers begin looking at homes before understanding how much they can comfortably afford. A mortgage pre-approval can help you: Understand your budget. Strengthen your offer. Identify potential financing issues early. Shop with greater […]

Read More