Real Estate Blog for Buyers & Sellers

Category: Mortgage Financing (20 posts)

  • July 24, 2019
  • Brad & Clare Thomson

How Much House Can You Afford? Ask Yourself These Critical Questions to Find Out

It is the perennial question for every first-time homeowner. How much house can I afford? As with so many life-changing decisions, there is no one right answer to this common query, and the size of th

  • July 10, 2019
  • Brad & Clare Thomson

3 Simple Ways to Repair Your Credit

For many Canadians looking to purchase a home, bad credit scores stand in the way of getting a mortgage. Most lenders prefer your score to be 650 or higher. If they do allow for lower credit scores, i

  • December 24, 2018
  • Brad & Clare Thomson

How to Improve Your Chances of Being Approved for a Mortgage

For most first time home buyers, obtaining a mortgage is a crucial part of the purchasing process. However, being approved for a mortgage is often easier said than done. It can be disheartening to f

  • November 28, 2018
  • Brad & Clare Thomson

The Pros And Cons Of Reverse Mortgages - A Quick Guide

No matter how carefully you plan, life can put a dent in your retirement funds. A life-altering accident or illness can turn your life upside down. Dipping into your retirement to meet uncovered expen

  • September 26, 2018
  • Brad & Clare Thomson

Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?

When getting a home mortgage, if you can afford higher payments, often the option of a 15-year loan instead of one of 30 years is an option. It can be an enticing idea to know that you'll be free of a

  • July 11, 2018
  • Brad & Clare Thomson

Real Estate: How to Refinance a Mortgage with a Bad Credit Score

There are many excellent reasons a homeowner may look into refinancing their mortgage. To refinance means to replace your current mortgage with a new one, almost always with a lower interest rate. For

  • April 11, 2018
  • Brad & Clare Thomson

Planning to Refinance Your Mortgage? Ask These 4 Questions First

Deciding to refinance is a crucial financial move that can help you make significant savings. When you plan properly, do your research, and take time to evaluate where you stand financially, you'll be

  • February 28, 2018
  • Brad & Clare Thomson

How to Maintain a Good Credit Rating Throughout the Year

If you want to make it easier to get an auto loan, mortgage, or new credit card account, you need to maintain a good credit score. It's easy to do so, particularly if you follow the tips presented her

  • February 14, 2018
  • Brad & Clare Thomson

Four Strategies That Can Help You Get Approved for a Mortgage

So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, es

  • January 24, 2018
  • Roar Solutions

Looking to Invest? Pay Down Your Mortgage Instead

With all the gloomy news about pension plans in the press you may be worrying whether you should actually be investing in a pension plan or not. A new wave of thinking suggests possibly not. There may

  • December 27, 2017
  • Brad & Clare Thomson

Can You Afford to Buy a New Home?

Is Purchasing a New Home in Your Budget? If you're throwing your hard-earned money away on rent each month, putting that same amount towards your own home could be an incredible advantage. However, i

  • November 8, 2017
  • Brad & Clare Thomson

Credit Card Debt vs Mortgage Debt: Which Should You Pay Off?

It's always a good idea to pay down your debt when you have extra cash on hand. However, as you get started, you will probably be faced with several types of debt you can work on, and it's hard to kno

  • October 18, 2017
  • Brad & Clare Thomson

Five Reasons Why You Should Have More Than One Bank Account

In today's tech world, being victimized by hackers can leave you penniless if you have only one bank account. The following five situations demonstrate how a having a backup account can keep you

  • September 13, 2017
  • Brad & Clare Thomson

Four Reasons to Say 'Yes' to Good Credit

Good credit is a necessity for acquiring many things in life. There are many important reasons for saying 'yes' to credit. Below are some of those reasons, as well as ways to get and build your credit

  • August 9, 2017
  • Brad & Clare Thomson

Five Ways to Simplify Your Financial Life

No matter who you are or what you do for a living, it can seem like your bank statements, credit card receipts, and other financial documents are burying you alive. If you are struggling under the wei

  • July 12, 2017
  • Brad & Clare Thomson

Savvy Spender: Simple, Smart Ways to Make the Most of Your Credit Cards

Savvy Spender: Simple, Smart Ways to Make the Most of Your Credit Cards With their vast array of special perks and member benefits, credit cards are an appealing financing option for modern consumers

  • June 14, 2017
  • Brad & Clare Thomson

Gathering the Money for a Down Payment in Two Years or Less

Whether you are looking to purchase a home in the next two years or you intend to wait another five, you must find a way to save up enough money to use for a down payment. Without the money to make a

  • April 11, 2017
  • Brad & Clare Thomson

Buying a Home, Step One: Mortgage Pre-Approval

Whether you're looking to buy your first home, or haven't purchased a home in the past several years, you may be surprised to discover that searching your local real estate listings is not the best pl

  • March 20, 2017
  • Brad & Clare Thomson

Why Remortgage? 4 Excellent Reasons to Consider Refinancing Your Home

Your home is probably the most significant purchase you'll ever make, yet it's surprising how many people simply continue paying their mortgage every month without thinking too much about it. However,

  • February 10, 2017
  • Brad & Clare Thomson

Why You Need an Emergency Fund - And How to Get One

Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a