Anyone with extra space in their home has asked themself, should I rent out my basement? The opportunity to make an extra few thousand dollars is huge, especially while paying down your mortgage.   If you’re conflicted on whether or not you should move some neighbors downstairs, this pros and cons list should help you come to a decision!   The Cons of Renting out My Basement   Less Recreational Space for You Parking Becomes Tighter Increased Chances of L...

There are plenty of factors to consider before when you're considering moving across the country. First, you’ll need to decide where you want to move, why you want to move there, and if the province/city you choose will be right for your lifestyle.   Choices – Narrow Down Your Yes List and No List Your first step should be to take stock of your lifestyle and the factors that are deal makers and deal breakers.  Are you an outdoor adventure seeker, or are you s...

Homeowners across the country have been ecstatic about the equity that’s been created in their homes over the last couple of years, and because of this, you might be asking are HELOCs a good idea?  Rising property values have increased Canadian’s abilities to borrow money and make improvements to their homes, but there are a few things that you should not do with your unlocked home equity. Let’s jump into what you should NOT do with your Home Equity Line of Credit. &n...

Homes were flying off the market over the course of the pandemic, but now buyers have begun to become a bit more cautious. We've but together this short guide on selling a home the easiest way in 2022, to help you stay stress free and focused on your future. Buyers are not as worried about missing out on a home they’re interested in in the current state of the Canadian housing market, but that doesn't mean it's not a good time to sell your home. If you're personal ...

One of the most important things to consider when applying for a mortgage loan with a certified mortgage agent is whether a fixed rate mortgage or a variable rate mortgage better fits your financial future. While fixed rate mortgages are generally more expensive than variable rate mortgages, they're more secure in the long run, as you don't have to worry about interest rate increases raising your monthly payments to unsustainable levels. However, if interest rates decrease ...

When you apply for a mortgage, the keys to better mortgage rates in Canada are a strong credit profile and an equally steady debt ratio. Showing lenders you're able to manage your debts and make payments on time suggests a low risk borrower, and that the mortgage loan will be repaid in full. While a good credit score puts you in a favourable position to qualify for a mortgage, lenders don't stop there, examining the entirety of your credit history to determine your mortgage...