Mortgage: What is your Credit Score?

Mortgage: What is your Credit Score?

Your credit score is a number that illustrates your financial health at a specific point in time. It also serves as an indicator of your financial past, and how consistently you pay off your bills and debts. This is one of the factors mortgage professionals consider…

Mortgage consumers use a variety of on-line tools and mobile apps when looking for a mortgage

Mortgage consumers use a variety of on-line tools and mobile apps when looking for a mortgagehttp://www.sellwithjulia.ca/wp-content/uploads/2013/12/mortgage-online.jpg

The 2013 Mortgage Consumer Survey shows once again that the majority of mortgage consumers (66%) look to on-line information sources to gather information about mortgage options and features. Commonly used resources include: websites of specific mortgage lenders (67%), Internet search engines such as Google…

Bank of Canada Changes to Mortgage Laws

Bank of Canada Changes to Mortgage Laws

The Bank of Canada has implemented the following changes to mortgage rules that are effective July 9th, 2012 The Maximum amortization for a government insured mortgage will be 25 years from 30 years. The gross debt service ratio, which is the carrying cost of…

Don’t Sell Your Property Without It

Don’t Sell Your Property Without It

For most people, the prospect of selling their home can be positively daunting. First of all, there are usually plenty of things to do just to get it ready for the market. Besides the traditional clean-up, paint-up, fix-up chores that invariably wind up costing…

Increasing Cash Flow

Increasing Cash Flow

If you have an income producing property, the amount of money you are left with at the end of your property expenses is considered cash flow. Here is how it works . . . Lets suppose you own a duplex and your monthly mortgage…