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What to Keep In Mind When You’re Considering Renovating Your Home

Posted onJuly 26/2021By

Over half of Canadians have been planning home renovations, according to a recent survey. The most popular space to upgrade for property owners is outside, followed by the bathroom and then the kitchen. If you’re considering renovations for your home, there are some things to keep in mind, such as how you’re going to pay for it. Paying for Renovations Before you get started, it is best if you work out the costs of the renovations and come up with a solid plan to pay for them. Here are some of the most common ways that homeowners pay for their…

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The Hidden Costs of Buying a Home

Posted onJuly 19/2021By

Buying your own home can be exciting. But some homebuyers are surprised when they find out they need to pay more than just a down payment before they can take possession of their new house. To avoid being caught out, there are some hidden fees that you should be aware of, such as insurance and inspection costs. Knowing what expenses are involved when buying a home will help you develop a plan and a budget to help you make your dreams of homeownership a reality. Ask your mortgage broker about these hidden costs. Insurance Insurance costs are often tied into…

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Comparing Fixed and Variable Mortgages

Posted onJuly 12/2021By

Deciding on a mortgage rate can feel a bit stressful. Whether you pick a fixed or variable rate, it has a big impact on how much you pay over the long term. While some people may advise you to pick one over the other, what may seem right to them may not be right for you. To decide the rate option that fits you best, it’s important to understand the difference between fixed-term mortgage rates and variable ones. Fixed-Term Mortgage A fixed-rate is one that stays the same throughout the life of the loan. While it is usually higher than…

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9 Simple Tips for Renewing Your Mortgage

Posted onJuly 05/2021By

When it’s time to renew your mortgage, many homeowners simply sign the papers. However, if you want to save yourself some money there are a few easy things you can do to get a better mortgage rate and terms. 1. Research mortgage options Investing a little time and researching your mortgage options may uncover a better option. Simply look online at what the current mortgage rates and terms are and compare them to what your lender is offering you. 2. Know your future plans Consider any life changes that you anticipate in the next few years. Will you be relocating?…

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