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Becoming a First-Time Homebuyer & Landlord at Once

Becoming a First-Time Homebuyer & Landlord at Once

by Robert Stanfield | Nov 20, 2020 | Blog, Economy, Finance, Homeownership, Mortgage

Becoming a First-Time Homebuyer & Landlord at Once   In Canada, there are nearly 4.5 million adults and families who live in rental housing – representing approximately one third of total households. If you’re looking to purchase a home, particularly your...
What’s the Difference Between Paying a House Deposit & Down Payment?

What’s the Difference Between Paying a House Deposit & Down Payment?

by Robert Stanfield | Nov 13, 2020 | Blog, Economy, Homeownership, Mortgage

There are a lot of unknown terms you’ll come across while buying a home – particularly as a first-time homebuyer. Two common payments that homebuyers sometimes use interchangeably, but are quite different, are “deposit” and “down payment”.    Deposit When buying...
When Must a Mortgage Interest Adjustment be Paid?

When Must a Mortgage Interest Adjustment be Paid?

by Robert Stanfield | Oct 9, 2020 | Blog, Economy, Homeownership, Mortgage

Often times, when you buy a property, there’s a gap between your home’s closing date and the day in which your lender withdraws your first mortgage payment from your bank account. During those in-between days, interest is accumulated on the money you owe, and a...
Does it Make Sense to Consolidate Debt into Your Mortgage?

Does it Make Sense to Consolidate Debt into Your Mortgage?

by Robert Stanfield | Oct 2, 2020 | Blog, Economy, Homeownership, Mortgage

In the simplest of times, debt has a way of creeping up and quickly causing grief in our everyday lives, not to mention the havoc it can wreak during a pandemic, creating extra stress and uncertainty.    A debt consolidation mortgage is an affordable way to pay...
The Canadian Real Estate Market is Hot!

The Canadian Real Estate Market is Hot!

by Robert Stanfield | Aug 21, 2020 | Blog, Economy, Finance, Homeownership, Mortgage

The Canadian real estate market was in good shape heading into 2020, but the busy spring season was delayed a bit thanks to COVID-19. The good news is that it has come back white hot, breaking records throughout the summer and showing no signs of slowing down anytime...
Why it’s Important to Understand Your Credit Report

Why it’s Important to Understand Your Credit Report

by Robert Stanfield | Aug 14, 2020 | Blog, Economy, Homeownership, Mortgage

Your credit rating affects all aspects of your financial activities when it comes to borrowing money, as it helps lenders determine the level of risk associated with lending money to you. If you have a solid credit score, lenders believe you’re more likely to make...
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