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Home Reno ROI: Renovations that Add to the Value of your Home
Posted by Brad Speniel | May 23, 2015 at 8:47 am
ESTIMATED READING TIME: 1 minute
Not all reno projects will hit the jackpot, but the right improvements can certainly help boost the value of your home. Even if you are renovating for personal reasons only, it makes good sense to understand how that investment might payback in the value of your home. Here are five home renovations that consistently provide a good return on your investment:
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First-time Home Buyers can Tap RRSPs to Help with a Home Purchase
Posted by Brad Speniel | May 23, 2015 at 8:44 am
ESTIMATED READING TIME: 4 minutes
Thinking about buying your first home? Wish you had saved up a good down payment? Maybe you have, but didn’t know it. Designed to help first-time buyers get into home ownership, the federal Home Buyers’ Program lets you access tax-free monies for use towards the purchase or even construction of your first home.
Why tap into your RRSP? The most common reason is to boost the down payment on a home. The bigger your down payment, after all, the smaller your mortgage. And you may qualify for better interest rates too; your healthy down payment shows the lender that you are a low-risk candidate for a mortgage loan. more First-time Home Buyers can Tap RRSPs to Help with a Home Purchase
A Peek Behind Deeply Discounted Mortgage Rates
Posted by Brad Speniel | May 23, 2015 at 8:40 am
ESTIMATED READING TIME: 1 minute
When considering a deeply discounted 5-year rate, keep in mind that cheapest isn’t always best. Strangely, we know that’s true when we’re shopping for anything else – but we still tend to think that the one and only factor in choosing a mortgage is that we need need to get the lowest mortgage rate. But, that low-rate mortgage could actually cost you more in the long run.
Smart Debt Management gives First-Time Home Buyers an Edge
Posted by Brad Speniel | May 23, 2015 at 8:37 am
ESTIMATED READING TIME: 3 minutes
Warning bells that Canadians are too overextended on debt might be keeping some potential first-time home buyers up at night. Although home debt is ‘smart’ debt,
it’s a huge financial decision and there is a lot to think about. That’s why professional advice is recommended when making one of the most important financial decisions that most Canadians will make in their lifetime.
Homebuyers want to take advantage of today’s low rate environment but it’s hard to sort through all of the options out there and get the right combination of mortgage features, privileges and rate that is best matched to their needs. The right mortgage goes beyond just the rate — it’s important to also consider term, prepayment options, refinancing penalties, restrictions, and fees.
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