How much is debt impacting your borrowing power?
Contrary to the fear I hear all the time from prospective first time buyers, there is no rule saying that you must be debt free to get a mortgage. You can have debt – it’s just about how that debt…
Damien Ross
The 30 year mirage: Is the paid off mortgage a thing of the past?
Once upon a time, paying off your home mortgage in full by retirement was a cornerstone of the Canadian dream. Older generations delight in telling stories of enduring 18%+ interest rates in the 80s and 90s, yet still managing to…
Redefining the “education fund”
The economic landscape is shifting, and with it, our approaches to building wealth and planning for our children’s futures need to adapt. Traditionally, many Canadian parents have leaned on Registered Education Savings Plans (RESPs) to save for their kids’ education.…
What a pre-approval is (and what it definitely is NOT)
Embarking on the journey to buy your first home is thrilling, and your very first step should be securing a mortgage pre-approval. But what exactly is a pre-approval, and why is it so crucial? What Is A Pre-Approval? A pre-approval…