Mortgage Blog

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Category: Mortgage Tips & Advice (30 posts)

5 Smart Ways to Use a Home Equity Line of Credit

5 Smart Ways to Use a Home Equity Line of Credit

April 22, 2020 | Posted by: Karen Boyne

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 a ...

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What should you consider when refinancing your mortgage?

What should you consider when refinancing your mortgage?

April 8, 2020 | Posted by: Karen Boyne

Mortgage rates are at a historic low. If you're thinking about refinancing your mortgage, you could possibly save significant amounts of money over the years. Especially in the first years of owning y ...

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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: Karen Boyne

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 ...

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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: Karen Boyne

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 ...

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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: Karen Boyne

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 ...

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Real Estate: How to Refinance a Mortgage with a Bad Credit Score

Real Estate: How to Refinance a Mortgage with a Bad Credit Score

July 11, 2018 | Posted by: Karen Boyne

There are many excellent reasons a homeowner may look into refinancing their mortgage. To refinance means to replace your current mortgage with a new one, almost always with a lower interest rate. For ...

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Planning to Refinance Your Mortgage? Ask These 4 Questions First

Planning to Refinance Your Mortgage? Ask These 4 Questions First

April 11, 2018 | Posted by: Karen Boyne

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 ...

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Four Strategies That Can Help You Get Approved for a Mortgage

Four Strategies That Can Help You Get Approved for a Mortgage

February 14, 2018 | Posted by: Karen Boyne

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 can be a bit of a nerve-wracking process, es ...

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Looking to Invest? Pay Down Your Mortgage Instead

Looking to Invest? Pay Down Your Mortgage Instead

January 24, 2018 | Posted by: Karen Boyne

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 ...

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4 Things You Need To Know When Buying A Vacation Home

4 Things You Need To Know When Buying A Vacation Home

June 28, 2017 | Posted by: Karen Boyne

Everyone looks forward to a vacation, and many people return to their favorite spot each year. If you really enjoy your annual destination, you might be ready to invest in a vacation home. There are m ...

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Buying a Home, Step One: Mortgage Pre-Approval

Buying a Home, Step One: Mortgage Pre-Approval

April 11, 2017 | Posted by: Karen Boyne

Whether you're looking to buy your first home, or haven't purchased a home in the past several years, you may be surprised to discover that searching your local real estate listings is not the best pl ...

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Why Remortgage? 4 Excellent Reasons to Consider Refinancing Your Home

Why Remortgage? 4 Excellent Reasons to Consider Refinancing Your Home

March 14, 2017 | Posted by: Karen Boyne

Your home is probably the most significant purchase you'll ever make, yet it's surprising how many people simply continue paying their mortgage every month without thinking too much about it. However, ...

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Saving For College: Four Tips For Parents

Saving For College: Four Tips For Parents

November 23, 2016 | Posted by: Karen Boyne

One of the prime concerns of parents, especially parents of teenagers, is how their children will be able to afford college tuition. With prices going up each year at even state and community colleges ...

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Is Having No Credit As Risky As Having Bad Credit?

Is Having No Credit As Risky As Having Bad Credit?

October 12, 2016 | Posted by: Karen Boyne

Let's clear up one misconception, right off the bat: having no credit is not the same as having bad credit. 'No credit' simply means that your credit history - which tracks your loans and repayments o ...

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Why Should I Repair My Credit?

Why Should I Repair My Credit?

September 14, 2016 | Posted by: Karen Boyne

Your credit history is more than just a number; it affects nearly every aspect of your financial life. If you are suffering from a low credit score, you're probably an excellent candidate for credit r ...

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How to Manage Your Credit Card Debt: A 4-Step Strategy

How to Manage Your Credit Card Debt: A 4-Step Strategy

July 13, 2016 | Posted by: Karen Boyne

Being in debt is undoubtedly stressful, more so when the interest rates keep pushing your overall debt to skyrocketing amounts. Many people fall into the temptations of unnecessary expenditures and en ...

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Staging Your Home for a Quick Sale

Staging Your Home for a Quick Sale

June 22, 2016 | Posted by: Karen Boyne

When it comes to staging your home for a quick sale, the right accessories can make all the difference. You want your home to look spacious and uncluttered, but that does not mean leaving your rooms e ...

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3 Ways to Change Your Financial Habits

3 Ways to Change Your Financial Habits

May 11, 2016 | Posted by: Karen Boyne

Some financial habits are good, but others can hold you back and prevent you from saving. If you need to change your financial habits, it is important to take a step-by-step approach. This three-step ...

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Important Steps to Take in Your 30s to Prepare for Retirement

Important Steps to Take in Your 30s to Prepare for Retirement

February 26, 2016 | Posted by: Karen Boyne

Some adults begin planning and saving for retirement immediately after graduating college and entering the workforce. Others delay retirement planning, believing that they have several decades to save ...

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 Great Tips To Pay Off Your Mortgage Early

Great Tips To Pay Off Your Mortgage Early

January 27, 2016 | Posted by: Karen Boyne

Are you looking for ways to speed up paying off your mortgage? Most mortgages are taken out for 15- to 30-year periods. However, this shouldn't stop you from paying off your mortgage early if you come ...

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Strategies to Dig Yourself Out of the Debt Hole

Strategies to Dig Yourself Out of the Debt Hole

January 13, 2016 | Posted by: Karen Boyne

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 help ...

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The Benefits of Investing in Income-Producing Properties

The Benefits of Investing in Income-Producing Properties

October 28, 2015 | Posted by: Karen Boyne

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 ...

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Should You Spend the Full Mortgage Amount You're Approved For?

Should You Spend the Full Mortgage Amount You're Approved For?

September 9, 2015 | Posted by: Karen Boyne

  Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for ...

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Take Advantage of Low Interest Rates - Refinance Your Mortgage Today

Take Advantage of Low Interest Rates - Refinance Your Mortgage Today

August 26, 2015 | Posted by: Karen Boyne

Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more.     If you bought your home more than a few years ago, you could probably benefit ...

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Ready to Sell? Use This Home Sale Checklist to be Sure

Ready to Sell? Use This Home Sale Checklist to be Sure

July 22, 2015 | Posted by: Karen Boyne

Selling your home is a big decision, and you want to make sure everything is just right before you put the property on the market. For years, you have looked at your home through the eyes of a proud o ...

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Why You Need an Emergency Fund  - And How to Get One

Why You Need an Emergency Fund - And How to Get One

July 8, 2015 | Posted by: Karen Boyne

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 ...

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Financing Your First Home

Financing Your First Home

June 11, 2015 | Posted by: Karen Boyne

A lot of emotions are involved when preparing to apply for your first mortgage, including excitement, apprehension, joy, and dread. If you do the necessary preparation before diving into the home-buyi ...

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4 Strategies That Can Help You Get PreApproved

4 Strategies That Can Help You Get PreApproved

April 8, 2015 | Posted by: Karen Boyne

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 can be a bit of a nerve-wracking process, es ...

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5 easy ways to be mortgage free sooner!

5 easy ways to be mortgage free sooner!

February 23, 2015 | Posted by: Karen Boyne

We all know that paying off a mortgage as early as possible makes good financial sense. You’ll save significant interest costs and free up money for RRSPs and other investments, and changing l ...

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2 Out of 3 Do Not shop at Renewal

2 Out of 3 Do Not shop at Renewal

September 30, 2014 | Posted by: Karen Boyne

Every now and then we see a mortgage stat that’s a jaw-dropper. This finding from Manulife Bank is one of them. It suggests there are a lot more people with money to burn than one might expec ...

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