by Jennifer Lynn Walker | Mar 16, 2006 | Mortgage & Finances
Is this your first home ? If so, did you know that if you accumulate a 25% down payment, you don’t have to have CMHC involved, which could save you 3%. Another option would be to take advantage of the Home Buyers Plan (HBP) A Home Buyers Plan (HBP) allows you to use...
by Jennifer Lynn Walker | Mar 16, 2006 | Mortgage & Finances
The mortgage world – like the investment world – can sometimes be confusing. There is a vast array of choices – open, closed, fixed, floating, long or short amortization, prepayment options, portability…and of course, the rate itself. Making the right mortgage...
by Jennifer Lynn Walker | Mar 16, 2006 | Mortgage & Finances, Real Estate Investing
Let’s say you make $60,000 a year. In 25 years, with inflation rate at 3%, you will need approximately $125,000 to have the same comfortable lifestyle. To retire at 65 and draw $125,000 annually, you will need $1.8 million in capital and have it invested at 7%...
by Jennifer Lynn Walker | Mar 16, 2006 | Mortgage & Finances, Real Estate Investing
Do you need to: Shelter your money from the government? swift codes bank in United State? Find a method of leverage to use existing funds Re-invest capital into your business or another qualified investment Accomplish these goals in a tax efficient manner. The...
by Jennifer Lynn Walker | Mar 2, 2006 | Buying, Mortgage & Finances
Many people would like to start building equity in their own home, but are held back by concerns about cost.In fact, the Canada Mortgage & Housing Corporation estimates that 40 per cent of renters in Canada today can afford to buy their own home. If affordable...
by Jennifer Lynn Walker | Mar 2, 2006 | Buying, Mortgage & Finances
In the excitement of beginning a search for a home, many people jump right in without considering all of the elements that make a home truly right for them. It is a complicated and personal process. An unsuitable choice can be costly in many ways – you could...
by Jennifer Lynn Walker | Feb 3, 2006 | Buying, Mortgage & Finances
Registered Retirement Savings Plans (RRSP) were created to encourage Canadians to save money for their retirement. In 1992, the government hoped to stimulate housing sales with the creation of the Home Buyers’ Plan.The plan allows qualified homebuyers to use up...
by Jennifer Lynn Walker | Jan 26, 2006 | Mortgage & Finances
If you work independently or own a business, then you know that it pays to keep your taxable income as low as possible. That makes you a smart business person. But the story can change when you try to get a mortgage. Your income – at least on paper – may not support...
by Jennifer Lynn Walker | Jan 26, 2006 | Mortgage & Finances
If you are like most homeowners, you are focused – for good reason – on finding the best possible rate for your mortgage. Your mortgage broker can offer you the best range of rate options and terms. If a mortgage broker can get you one per cent off the posted rate,...
by Jennifer Lynn Walker | Jan 26, 2006 | Buying, Mortgage & Finances
CLOSING COSTS TO PURCHASER 1. Deposit cheque (certified) with your offer to purchase, which becomes part of the down payment. 2. Notaries’ fees of approximately $1400 plus taxes. Could be more the larger the building. 3. Adjustment of school taxes (July to June). 4....
