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How Does Skipping a Mortgage Payment Work?

How Does Skipping a Mortgage Payment Work?

by Marco Abballe | Nov 6, 2020 | Announcements, Homeownership, Mortgage

How Does Skipping a Mortgage Payment Work?   Many lenders provide the option for you to skip a mortgage payment each year to help alleviate those tight financial months where everything seems to come due at once. But this also may be an option to help you push...
Why Do We Pay Property Taxes?

Why Do We Pay Property Taxes?

by Marco Abballe | Oct 16, 2020 | Blog, Economy, Finance, Homeownership

Property taxes are levied to homeowners as a way to help maintain services in your community that ensure your neighbourhood continues to thrive and remain an attractive place to live and work.   Property taxes represent a key source of funding for municipalities...
How Working from Home Affects Homeownership

How Working from Home Affects Homeownership

by Marco Abballe | Oct 2, 2020 | Blog, Homeownership, Productivity

The arrival of COVID-19 has fundamentally changed the way we live our lives – from the way we work, think, dress, shop and interact with others. As a society, we’re also spending more time in our homes than ever before. The days of leaving the house from 9 to 5,...
Mortgage Default Insurance Helps You Buy a Home Sooner

Mortgage Default Insurance Helps You Buy a Home Sooner

by Marco Abballe | Sep 18, 2020 | Blog, Finance, Mortgage

One of the most challenging obstacles toMortgage Default Insurance Helps You Buy a Home Soonership is saving enough money for a down payment. Thankfully, mortgage default insurance provides a break to homebuyers that enables you to put less money down.   The...
What’s the Difference Between a Home Appraisal & Inspection?

What’s the Difference Between a Home Appraisal & Inspection?

by Marco Abballe | Sep 4, 2020 | Blog, Homeownership, Mortgage

Both a home appraisal and an inspection are important steps within the home buying process, so it’s well worth your effort to distinguish the differences between them and learn how they can both be used to your advantage to uncover detailed information about a...
The Canadian Real Estate Market is Hot!

The Canadian Real Estate Market is Hot!

by Marco Abballe | 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...
More Seniors are Taking Advantage of Reverse Mortgages

More Seniors are Taking Advantage of Reverse Mortgages

by Marco Abballe | Aug 7, 2020 | Announcements, Blog, Economy, Finance

Canadian seniors who are feeling the financial effects of the COVID-19 pandemic are showing interest in reverse mortgages as a way to stay in their current homes.   With a reverse mortgage, Canadians aged 55+ can borrow funds against home equity. No payments are...
What are Your Mortgage Renewal Options?

What are Your Mortgage Renewal Options?

by Marco Abballe | Jul 11, 2020 | Blog, Economy, Finance, Mortgage

When you took out your current mortgage, you were required to make a number of key decisions, such as the type of rate you wanted – fixed or variable – the amortization period, whether it was open or closed as well as what term you wanted.    A mortgage term...
Buying a Home for University or College Students

Buying a Home for University or College Students

by Marco Abballe | Jun 26, 2020 | Blog, Economy, Homeownership

For most parents, watching their children head off to college or university causes a wide range of emotions. Hopes and happiness are mixed with worries and sadness and the adjustment can be very difficult.    Emotions aside, there is also the weight of the...
What Do You Need to Be Preapproved for a Mortgage?

What Do You Need to Be Preapproved for a Mortgage?

by Marco Abballe | Jun 19, 2020 | Blog, Economy, Homeownership, Mortgage

Before you head out home shopping, it’s important to first determine how much you can comfortably afford to spend. Not only will getting your mortgage agent to arrange a pre-approval help you understand what lenders look for when granting you a home loan, but it will...
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