4 Key Things to Know about a Second Mortgage

General Shania Duggal 7 Feb

4 Key Things to Know about a Second Mortgage. A second mortgage is a mortgage that is taken out against a property that already has a home loan (mortgage) on it. Generally people take out second mortgages to satisfy short-term cash or liquidity requirements, have an investment opportunity or to pay off higher-interest debts (such […]

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8 Sure-Fire Ways to Sink Your Household Budget

General Shania Duggal 1 Nov

8 Sure-Fire Ways to Sink Your Household Budget. Despite the effects of the current onslaught from inflation and ever-increasing prices, the basic concept of budgeting hasn’t changed. Dividing up your money into little piles for the various things you need (and want) doesn’t seem like such a difficult process, so why is a budget so […]

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10 Ways to Plug Money Leaks

General Shania Duggal 11 Oct

10 Ways to Plug Money Leaks. It can sometimes be hard to keep track of your finances. Fortunately, we have some tips to help you review your financial situation and plug unwanted money leaks!   Be Wary of Impulse Spending: While it can be easy to think that picking up a few extra items here […]

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Getting Started in the Financial Markets

General Shania Duggal 4 Oct

Getting Started in the Financial Markets. Interest rates on savings accounts and GICs are climbing but they are having a hard time matching the rapid increase in inflation which is now over 8% — you are actually losing money by holding cash. Investing in financial markets can provide higher returns, but there are no guarantees […]

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Advice for Single Homebuyers

General Shania Duggal 20 Sep

Advice for Single Homebuyers. Buying a home is an exciting experience for anyone, and even more of a milestone when you’re doing it solo, but it can be a little different when you’re purchasing on your own. While it can be easier to tailor your mortgage and home search to exactly your needs, it can […]

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The Real Deal about Transfers and Switches

General Shania Duggal 13 Sep

The Real Deal about Transfers and Switches. Most people who are thinking about a transfer or switch want to take advantage of a lower interest rate or to get a new mortgage product with terms that better suits their needs. Up for Renewal? If your mortgage is approaching renewal and you are considering a transfer […]

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Where Will Rising Interest Rates Hurt Most?

General Shania Duggal 6 Sep

Where Will Rising Interest Rates Hurt Most?. Rising inflation combined with a strengthening post-pandemic economy gives both reason and opportunity for the Bank of Canada (BOC) to further raise interest through to the end of 2022 and beyond. The 1% increase to the benchmark overnight rate in early July was a wake-up call that they […]

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Construction and Pre-Construction Mortgages

General Shania Duggal 30 Aug

Building or renovating your own home is such an exciting time and allows you to create something tailored to you and your family!  But when it comes to construction mortgages, there are a few different types of loans: new construction and even pre-construction.  Let’s break it down so you can determine the best choices for […]

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4 Methods to Melt Your Financial Stress

General Shania Duggal 23 Aug

4 Methods to Melt Your Financial Stress. If you lost your job tomorrow, would there be a list in your head right away of things you could do to hang on or would you just be at a complete loss? Financial knowledge will allow you to better assess your options and create a plan without […]

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Understanding Your Mortgage Rate

General Shania Duggal 16 Aug

Understanding Your Mortgage Rate. When it comes to mortgages, one of the most important influencers is interest rate but do you know how this rate is determined? It might surprise you to find out that there are 10 major factors that affect the interest you will pay on your home loan! Knowing these factors will […]

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