Mortgage Blog

Thinking of you first

Category: Financing (16 posts)

How Much House Can You Afford? Ask Yourself These Critical Questions to Find Out

How Much House Can You Afford? Ask Yourself These Critical Questions to Find Out

July 24, 2019 | Posted by: Cornell Tulloch

It is the perennial question for every first-time homeowner. How much house can I afford? As with so many life-changing decisions, there is no one right answer to this common query, and the size of th ... [read more]

3 Simple Ways to Repair Your Credit

3 Simple Ways to Repair Your Credit

July 10, 2019 | Posted by: Cornell Tulloch

For many Canadians looking to purchase a home, bad credit scores stand in the way of getting a mortgage. Most lenders prefer your score to be 650 or higher. If they do allow for lower credit scores, i ... [read more]

3 Smart Ways to Use a Home Equity Line of Credit

3 Smart Ways to Use a Home Equity Line of Credit

March 13, 2019 | Posted by: Cornell Tulloch

For homeowners across the globe, home equity lines of credit (HELOCs) have become a handy way of tapping into the value of their homes. However, when borrowing money against your home, it is always ... [read more]

How to Improve Your Chances of Being Approved for a Mortgage

How to Improve Your Chances of Being Approved for a Mortgage

December 24, 2018 | Posted by: Cornell Tulloch

For most first time home buyers, obtaining a mortgage is a crucial part of the purchasing process. However, being approved for a mortgage is often easier said than done. It can be disheartening to f ... [read more]

The Pros And Cons Of Reverse Mortgages - A Quick Guide

The Pros And Cons Of Reverse Mortgages - A Quick Guide

November 28, 2018 | Posted by: Cornell Tulloch

No matter how carefully you plan, life can put a dent in your retirement funds. A life-altering accident or illness can turn your life upside down. Dipping into your retirement to meet uncovered expen ... [read more]

Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?

Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?

September 26, 2018 | Posted by: Cornell Tulloch

When getting a home mortgage, if you can afford higher payments, often the option of a 15-year loan instead of one of 30 years is an option. It can be an enticing idea to know that you'll be free of a ... [read more]

Planning to Refinance Your Mortgage in Vaughan, Ontario? Ask These 4 Questions First

Planning to Refinance Your Mortgage in Vaughan, Ontario? Ask These 4 Questions First

April 4, 2018 | Posted by: Cornell Tulloch

Deciding to refinance is a crucial financial move that can help you make significant savings. When you plan properly, do your research, and take time to evaluate where you stand financially, you'll be ... [read more]

How to Maintain a Good Credit Rating Throughout the Year for People in Vaughan, Ontario

How to Maintain a Good Credit Rating Throughout the Year for People in Vaughan, Ontario

February 21, 2018 | Posted by: Cornell Tulloch

If you want to make it easier to get an auto loan, mortgage, or new credit card account, you need to maintain a good credit score. It's easy to do so, particularly if you follow the tips presented her ... [read more]

Four Strategies That Can Help You Get Approved for a Mortgage in Southern Ontario

Four Strategies That Can Help You Get Approved for a Mortgage in Southern Ontario

February 7, 2018 | Posted by: Cornell Tulloch

So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage in Southern Ontario can be a bit o ... [read more]

Looking to Invest in Vaughan, ON? Pay Down Your Mortgage Instead

Looking to Invest in Vaughan, ON? Pay Down Your Mortgage Instead

January 17, 2018 | Posted by: Cornell Tulloch

With all the gloomy news about pension plans in the press you may be worrying whether you should actually be investing in a pension plan or not. A new wave of thinking suggests possibly not. There may ... [read more]

Credit Card Debt vs Mortgage Debt for people in Vaughan, ON: Which Should You Pay Off?

Credit Card Debt vs Mortgage Debt for people in Vaughan, ON: Which Should You Pay Off?

November 2, 2017 | Posted by: Cornell Tulloch

It's always a good idea to pay down your debt when you have extra cash on hand. However, as you get started, you will probably be faced with several types of debt you can work on, and it's hard to kno ... [read more]

Five Reasons Why You Should Have More Than One Bank Account

Five Reasons Why You Should Have More Than One Bank Account

November 2, 2017 | Posted by: Roar Solutions

In today's tech world, being victimized by hackers can leave you penniless if you have only one bank account. The following five situations demonstrate how a having a backup account can keep you ... [read more]

4 Reasons to Say 'Yes' to Good Credit in Vaughan, ON

4 Reasons to Say 'Yes' to Good Credit in Vaughan, ON

September 6, 2017 | Posted by: Cornell Tulloch

Good credit is a necessity for acquiring many things in life. There are many important reasons for saying 'yes' to credit. Below are some of those reasons, as well as ways to get and build your credit ... [read more]

Strategies for people in Vaughan and the Golden Horseshoe to Dig Yourself Out of the Debt Hole

Strategies for people in Vaughan and the Golden Horseshoe to Dig Yourself Out of the Debt Hole

August 8, 2017 | Posted by: Roar Solutions

Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can he ... [read more]

Why You Need an Emergency Fund And How to Get One

Why You Need an Emergency Fund And How to Get One

August 1, 2017 | Posted by: Roar Solutions

Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a ... [read more]

The Benefits of Investing in Income Producing Properties

The Benefits of Investing in Income Producing Properties

July 20, 2017 | Posted by: Roar Solutions

Making money in any real estate venture is a difficult task, and many people don't have the skills (or the stomach) for flipping houses. An alternative to this intrinsically risky activity is to purch ... [read more]

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