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Should Paying Off The Mortgage Wait?

November 17, 2008 By Leave a Comment

There is never a downside to paying off your mortgage because it means interest saved which means thousands more dollars in your pocket, however if you recently received a gov’t. tax refund there may be other factors to consider. 
 
If you take a $1400.00 tax refund and apply it to a typical mortgage at 6% amortized [...]

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What Kind of Borrower Are You.

July 22, 2008 By Leave a Comment

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The Death of Zero Down Mortgages In Canada

July 14, 2008 By Leave a Comment

As of July 11th the Gov’t of Canada has tightened the rules on government backed mortgages. 
There are five  major changes to the mortgage rules.
1/ No more Zero down. You will need a minimum of 5% downpayment to purchase a home. If you need to buy Zero Down you can still do so and must [...]

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DO YOU INTEND TO BUILD A HOME, A COTTAGE, RENOVATE?

May 9, 2007 By Leave a Comment

Understanding the Construction Financing Process 1
Building your own home is an exciting and rewarding project. We’re here to help you understand the process of financing the construction of your new home so that
you can get started with confidence and proceed with peace of mind.
You may have some experience in obtaining mortgage financing but as you’ll [...]

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The Truth About Interest-Only Home Loans & Mortgages

March 18, 2007 By Leave a Comment

An interest-only home loan is one that gives you the option of paying just the interest or the interest and as much principal as you want in any given month during an initial period of time after your closing.
You are only committed to the very low interest portion of the loan or mortgage – [...]

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Filed Under: Mortgage Finance