Archive for: May 2013

Flaherty’s Recent Mortgage Comments…in Context

Filed under: Mortgage - 29 May 2013

THINKOUTSIDETHEBOX:  Interest Rates are increasing immediately and we suspect extended amortizations are coming down shortly.  This means higher monthly carrying costs for your clients and significantly less mortgage financing they will qualify for.  If you  have clients waiting to purchase …

First-Time Home Buyers’ Tax Credit (HBTC)

Filed under: Mortgage - 27 May 2013

THINK OUTSIDE THE BOX:  For those of you who prefer a quick 2 minute informative video on this subject please click on the following link:   http://www.cra-arc.gc.ca/vdgllry/wtchds/menu-eng.html?clp=wtchds/hmbyrs-eng

1. What is the home buyers’ tax credit (HBTC)?

For 2009 and subsequent years, the …

Housing or Equities? The better long-term investment is…

Filed under: Mortgage - 15 May 2013

THINK OUTSIDE THE BOX – the answer is certainly personal but why not diversify your investment portfolio and own both a rental property and invest in the markets?  Through a re – advancable mortgage you can pull out equity in …

Loyalty doesn’t pay when it comes to mortgage renewals

Filed under: Mortgage - 07 May 2013

THINK OUTSIDE THE BOX:  Banks typically send a renewal notice within 30 days of your renewal date…..did you know a mortgage professional can ‘lock in’ rates for you up to 120 days prior to your renewal date??  What do you …

Three myths about insurance and renos

Filed under: Mortgage - 06 May 2013

THINK OUTSIDE THE BOX:  You may want to make a quick call to your home insurance broker PRIOR to starting that renovation project

Insurance myths abound, according to a new consumer survey, and that ignorance can have pretty dire consequences for …

How to hold onto good tenants

Filed under: Mortgage - 03 May 2013

THINK OUTSIDE THE BOX:  Placing an average cost on tenant turnover is hard, given the number of variables. But it can be a stressful process, especially if the new tenants don’t hold a candle to the ones that just left….

Ready for your next big adventure? 4 tips for a stress-free summer move

Filed under: Mortgage - 02 May 2013

 THINK OUTSIDE THE BOX:  The majority of Canadians prefer to make their big move during the summer season. There are a variety of reasons for choosing this time of year: it is easier to transport boxes in non-icy conditions, no …