Posted in News
Should You Use a Line of Credit or Renegotiate Your Mortgage to Pay for a Reno?
Posted by Sherwood Mortgage Group
on 19 October 2018
 "Should You Use a Line of Credit or Renegotiate Your Mortgage to Pay for a Reno?")
While a home renovation invariably increases the value of your home, undergoing one is an expensive process. While a home equity line of credit can bankroll a renovation at a lower rate than a regular line of credit, The Globe and Mail's Kira Vermond says that refinancing your mortgage could ultimately cost less.
Learn more by reading the full article on theglobeandmail.com.
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| Posted in:News |
Exterior Staging Tips for Home Sellers
Posted by Sherwood Mortgage Group
on 18 October 2018
 "Exterior Staging Tips for Home Sellers")
You shouldn't judge a book by its cover, but that conventional wisdom doesn't apply to selling your home. Making the exterior of your home appealing is as important as interior staging, if not more so. After all, how else will you entice passersby into your open house?
From window cleaning to new home siding, visit blog.rismedia.com to learn about the best ways to stage the exterior of your home.
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| Posted in:News |
How to Make a Small Bathroom Pop
Posted by Sherwood Mortgage Group
on 17 October 2018
 "How to Make a Small Bathroom Pop")
A small bathroom can feel small and claustrophobic, but it doesn't have to. Making a small bathroom feel like a luxury space is as simple as making a few key design changes.
Just follow these easy tips from jthomesales.com.
| Posted in:News |
Is Your Home Modern or Contemporary?
Posted by Sherwood Mortgage Group
on 16 October 2018
 "Is Your Home Modern or Contemporary?")
A good property description can make all the difference when it comes to the final sale price of your home.
For example, according to Realtor Magazine, describing a luxury home as "modern" or "contemporary" could be a difference of $275,000.
Learn more by visiting magazine.realtor.
| Posted in:News |
The Risks Facing Canada's "Other" Housing Markets
Posted by Sherwood Mortgage Group
on 15 October 2018
 "The Risks Facing Canada's \"Other\" Housing Markets")
While much of the conversation in Canadian real estate centres around the twin poles of Toronto and Vancouver, the situation in other Canadian regions look very, very different.
With demand already lagging in the Prairies and the Maritimes, Mortgage Broker News' Ephraim Vecina says new measures like the mortgage stress test, as well as rising interest rates, targeted towards the hottest markets could send these weaker markets into a full-blown crash.
Read the full article on ww...
| Posted in:News |
Canadian Mortgage Debt Rises over $1.5 Trillion in August
Posted by Sherwood Mortgage Group
on 12 October 2018
 "Canadian Mortgage Debt Rises over $1.5 Trillion in August")
Household debt in Canada is becoming a growing issue and has crossed a major threshold as of August. According to the Bank of Canada (via Better Dwelling's Daniel Wong), while the growth of mortgage credit is down, Canadians' collective mortgages eclipsed the $1.5 trillion mark in August.
This was an increase of $4 billion from July, and over $53 billion over August of last year.
To learn more about what this means for the Canadian housing market, visit betterdwelling.com.
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Check Out the Newest Customizable Kitchen Appliances!
Posted by Sherwood Mortgage Group
on 11 October 2018
 "Check Out the Newest Customizable Kitchen Appliances!")
Looking for kitchen reno ideas? Fisher and Paykel's new line of integrated column refrigerators and freezers offer unlimited ways to customize your food storage, from modular cabinets, to variable temperature zones.
Plus, they offer a seamless installation into your kitchen with only a 1/8th inch gap between the sides and your cabinets. House & Homes' kitchen experts break down all the neat features of these amazing new fridges and freezers in this video.
Need extra fi...
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Giving Your Child a Mortgage Vs. A Down Payment
Posted by Sherwood Mortgage Group
on 10 October 2018
 "Giving Your Child a Mortgage Vs. A Down Payment")
It's a challenge many those preparing for retirement face: "Should I help my kids buy a house?"
For many millennials, their parents' financial situation has a greater impact on their home ownership dreams than their own. However, Whittier Trust's Timothy K. McCarthy has a novel solution for families in this situation.
Instead of giving your children tens of thousands of dollars, loan them money to buy a house at a generous interest rate, essentially gifting them a m...
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Investing vs. Mortgage Payments: Which Comes First?
Posted by Sherwood Mortgage Group
on 9 October 2018
 "Investing vs. Mortgage Payments: Which Comes First?")
Balancing mortgage payments alongside growing your investment portfolio is a difficult task.
According to The Globe and Mail's Benjamin Felix, the trick is to think about asset allocation and how mortgage interest reduces your overall returns from bonds.
To learn more, read the full article on theglobeandmail.com.| Posted in:News |
Will the USMCA Trade Deal Help or Hinder Homebuyers?
Posted by Sherwood Mortgage Group
on 8 October 2018
 "Will the USMCA Trade Deal Help or Hinder Homebuyers?")
With NAFTA re-negotiations concluded next week, the re-vamped United-States-Mexico-Canada Agreement has lifted a grave shroud over the Canadian economy.
However, according to The Globe and Mail's Rob Carrick, active home buyers have nothing to be thankful about.
He says that the low-interest rate environment some have enjoyed since 2008 will swiftly be transformed by rising rates, and that young buyers should lock into a decent mortgage rate sooner rather than later.
To lea...
| Posted in:News |
