More and more Canadians are going into their retirement years without a lot of money saved in the bank. It is suggested that in order to live a financially comfortable retirement, couples should have saved 50-60% of their peak pre-retirement income, which equates to roughly $42,000 to $72,000 a year or $275,000 to $1,025,000. Singles […]
Residential Mortgages
All Mortgage Penalties are not Created Equal
03/14/2014 Here’s a great article from the Globe & Mail: The hidden trap of mortgage penalties at the big banks ROB CARRICK The Globe and Mail, Dec. 04 2013 It’s easy to get caught in the posted mortgage rate trap at the big banks. No, you won’t have to pay the posted rate on your… Read More…
Is a Rent-to-Own Right for You?
Are you a homeowner who needs to refinance past 80% of the value due to financial challenges? Are you wanting to purchase a home but don’t have sufficient down payment or have credit issues? You may want to consider a rent-to-own situation. For the homeowner, refinancing past 80% is a thing of the past (except… Read More…
Bad Credit Residential Mortgage
At Donna’s Mortgages, we have a track record for helping our customers manage their financial affairs responsibly, and assisting them in re-establishing their credit and stability. We understand that, although many clients are capable and willing to take on the responsibility of a new residential mortgage, the criteria used by most, if not all, financial… Read More…
Residential Mortgages
Residential Mortgages Choosing a residential mortgage in today’s market can be a challenging decision. The borrower can be faced with a myriad of choices. Each lending institutions presents their respective claims to the enquiring borrower in an attempt to entice them to use their residential mortgage product. Each one assures the borrower that their product… Read More…
Fast Tracking to Mortgage Free
Just imagine – as you’re going through your favourite coffee drive-thru this week – that a well-dressed gentleman stops and offers you $11,000 for your medium double double. Who would hesitate? We’d take the cash. It’s not so far-fetched. In fact, if you take that coffee budget and apply it to your monthly mortgage… Read More…
Investment Properties – An Alternative to RSP’s
Over the last few years, relatively weak stock markets (compared to the late 90’s) along with continued global economic uncertainty have changed the way many Canadians are investing their hard earned dollars. More and more Canadians are venturing into the rental property market, some swayed by the real estate appreciation that we’ve seen over… Read More…
Mortgage Banker vs. Mortgage Broker
The list of mortgage products and sources for loans in today’s marketplace can seem endless. In spite of several Lenders, including some prominent banks, leaving the marketplace, there is still a plethora of products and lending sources for the mortgage consumer. The question then arises: Should I go with my bank or try to use… Read More…