by Marco Abballe | May 8, 2020 | Blog, Homeownership, Mortgage
A debt-to-income ratio (DTI) is a comparison of your monthly debt payments versus your monthly income. Lenders use this formula to determine how well you manage your monthly debt and your likeliness of repaying a loan. Debt obligations refer to such things as credit...
by Marco Abballe | May 1, 2020 | Blog, Finance, Homeownership, Mortgage
As the COVID-19 pandemic continues to keep us focused on physical distancing, it’s often difficult to perceive anything good from its existence. But, a few silver linings have emerged. As our world is changing, possibly forever, people are finding new and creative...
by Marco Abballe | Apr 24, 2020 | Blog, Economy, Homeownership
In addition to coping with the very real and serious threat to our health and wellbeing thanks to COVID-19, we’re now also facing the added stress of protecting ourselves against fraudulent schemes related to the pandemic. Deceptive practices tend to transpire...
by Marco Abballe | Apr 17, 2020 | Blog, Finance
The world as we know it has drastically changed. Most of us are staying home – not by choice, but through necessity. The financial and emotional strain associated with COVID-19 is very real – coping with the unnerving situation, trying to stay positive and finding...
by Marco Abballe | Apr 10, 2020 | Blog, Economy, Homeownership, Mortgage
As part of the ongoing effort to assist Canadians facing negative financial effects from COVID-19, the federal government has granted an extension for filing your taxes. The due date for personal tax filing has been extended from April 1st to June 1st, 2020,...
by Marco Abballe | Apr 3, 2020 | Blog, Economy, Finance, Mortgage
It’s a harsh reality that COVID-19 has left many people facing significant financial hardship. In an effort to alleviate some of this burden, the government is working at all levels to provide relief measures to assist those who are most vulnerable. Many...
by Marco Abballe | Mar 27, 2020 | Blog, Economy, Finance, Homeownership, Mortgage
Over the past few weeks, the world as we know it has been changing at a rapid pace. Phrases like ‘self-isolation’, ‘social distancing’ and ‘flattening the curve’ have become a part of our daily lingo. We’re being asked to stay home, schools and attractions are closed,...
by Marco Abballe | Mar 20, 2020 | Blog, Economy, Homeownership, Mortgage
Choosing the mortgage term that’s right for you can be challenging for even the savviest of homebuyers, as terms typically range from six months up to 10 years. By understanding mortgage terms, you can save the most money and choose the term that’s best suited...
by Marco Abballe | Mar 13, 2020 | Announcements, Blog, Economy, Homeownership, Mortgage
Concern surrounding coronavirus – COVID-19 – has led to a crash in oil prices and economic uncertainty surrounding capital markets, which has resulted in most Canadian banks significantly reducing both fixed- and variable-rate mortgage rates. Around the world...
by Marco Abballe | Mar 6, 2020 | Blog, Homeownership, Mortgage
This is one of the most popular real estate questions: Should I sell my current home before buying a new one? And while there is no magic answer, there are many things you can do to mitigate your risks when choosing to buy and sell homes in unison. As with...
