Leasing or Buying a Vehicle Impacts Your Debt Ratios   The question of whether it’s better to lease or buy a vehicle is a common dilemma. And do you buy or lease a new or used vehicle? The answer depends on the specifics of your situation.   It’s important to realize that many consumers overburden […]

Examining No-Frills Mortgage Products   While No-Frills mortgage products typically offer a lower – or more discounted – interest rate when compared with many other available products, the lower rate is really their only perk.   This type of product will only seem ideal for you if you have no plans to take advantage of […]

Examining No-Frills Mortgage Products   While No-Frills mortgage products typically offer a lower – or more discounted – interest rate when compared with many other available products, the lower rate is really their only perk.   This type of product will only seem ideal for you if you have no plans to take advantage of […]

Collateral Versus Standard Charge Mortgages With some lenders moving towards collateral charge mortgages, it’s important to understand the differences between a collateral and a standard charge mortgage. The primary difference is that a collateral charge mortgage registers the mortgage for more money than you require at closing. For instance, up to 125% of the value […]

  Choosing Your Mortgage Amortization Selecting the length of your mortgage amortization period – the number of years it will take you to become mortgage free – is an important decision that will affect how much interest you pay over the life of your mortgage.   While the lending industry’s benchmark amortization period is 25 […]

BUYING VERSUS RENTING   At some point in their lives, most Canadians have probably asked themselves whether it is better to buy or rent a home. And purchasing a home is one of the biggest decisions most people ever make.   Ultimately, the decision is a personal choice, but it helps to look at the […]

  Buying the Best Home for You   Before you begin searching for a home, it’s always helpful to think about your needs both now and in the future. And if you have any questions about the home-buying process or different types of real estate, you can always ask your mortgage professional or real estate […]

    Budgeting Towards Homeownership   Transitioning from renter to homeowner is one of the biggest decisions you’ll make throughout your lifetime. It can also be a stressful experience if you don’t plan ahead by building a budget and saving prior to embarking upon homeownership.   Budgeting is a core ingredient that helps alleviate the […]

Advice for credit challenged clients by Prince George Mortgage Broker Martin Krell   In today’s economic climate of tighter credit requirements and increased unemployment rates taking their toll on some Canadians, there’s no doubt that many people may not fit into the traditional banks’ financing boxes as easily as they may have just a year […]

10 Questions to Ask Your Home Inspector The purchase of a home is likely the largest financial expenditure you’ll ever make. And getting your home inspected is an essential step in the home-buying process. No one wants to buy a money pit – and once you have signed on the dotted line, there is no […]