Posted on
October 25/2021By
northwood
Even with a global pandemic, Canadians are continuing to improve their living spaces with renovations and remodels. A recent study found that about half of all homeowners have already done or are planning renovations to their homes. If you’re in the reno mood, here are some changes you can make to your home to boost your equity and your property’s resale value. 1. Replace your garage door Improve your curb appeal by enhancing the exterior of your home and swapping out your garage door. Go for a more robust, durable, and modern look. 2. Stone veneer Manufactured stone veneer is…
Posted on
October 18/2021By
northwood
As a homeowner, you’ve made a significant investment, and you’ll want to protect it for your family. If anything should happen to you, will they be able to make the mortgage payments? Could they lose the home? The last thing you want is to add stress to your loved ones when they are grieving, which is why you need to carefully consider buying life insurance and talk with a life insurance broker. Why get life insurance? There are many reasons people consider having life insurance. The most significant one is if they have a family that will have to bear…
Posted on
October 11/2021By
northwood
As housing prices continue to rise across the country, many retirees could turn to reverse mortgages to help them enjoy their golden years. What is a reverse mortgage? The concept of a reverse mortgage is quite simple. Instead of making monthly payments on your mortgage, you’re drawing down the equity you’ve built up. So, you are receiving money that you can use to help you pay for anything you want. In Canada, you’re able to borrow up to 55 percent of the value of your property. The loan will be paid back when you sell your home and move or…
Posted on
October 04/2021By
northwood
Is your credit score holding you back from getting the home of your dreams? Are lenders withholding the best interest rates because of your credit rating? Having a strong credit score can unlock a lot of financial doors for you. On the other hand, a low score can hinder the mortgage solutions you’re offered. Here are some of the best practices you can use to improve your rating. Pay Bills On Time When you pay your bills on time, you’re building a good credit history, which can boost your score. It demonstrates to lenders that you are reliable and that…
