Category Archives: Personal Finances

Meetup! You’re Invited: Foreclosures, Estate Sales, Distressed Properties and More…

Theresa’s Soap Box – Meetup! You’re Invited: Thursday, May 12, 2011 Today we’re here to invite you to our next meetup on Thursday, May 12th. We are going to discuss how to buy properties below the market value. We know … Continue reading

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Locking-in Your Mortgage Rate Might Not Save the Day

Theresa’s Soap Box – Locking-in Your Mortgage Rate Might Not Save the Day Today we’re going to quickly go over variable rate mortgages and the convertibility or “lock-in” feature that you get with most variable rate mortgages. I personally am … Continue reading

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How to Pay Off Your Mortgage Quicker: Part II

Theresa’s Soap Box – How to Pay Off Your Mortgage Quicker: Part II Today we have part 2 in our series of how to pay off your mortgage faster. If you caught us last time we were chatting about how … Continue reading

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How to Pay Off Your Mortgage Quicker

Theresa’s Soap Box – How to Pay Off Your Mortgage Quicker Today I’ve got a reminder for those of you with variable rate mortgages which is don’t forget to make your prepayments! Currently interest rates on the variable mortgage are … Continue reading

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Establishing a Good Credit History

Theresa’s Soap Box – Establishing a Good Credit History Why is it important to establish a good credit history? – Obvious answer is to get mortgages, car loans, or any types of loans – Some people may not know that … Continue reading

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Mortgage Rollercoaster!

It’s not a surprise to anyone that mortgage rates are a reflection of bank of Canada’s rates; but one universal principle dictates if those rates increase or decrease. Let’s take a refresher course in Economics 101; rates fluctuate based on the basic theory of supply and demand. As home sales increase, rates tend to also increase and the opposite can be said if sales decrease. Although this is a reliable model, there are TONS of other factors that can influence your mortgage rates moving it up and down, forwards and backwards, leaving you a little dizzy and a lot more nauseous, much like a monster rollercoaster ride! Continue reading

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Don’t Forget – Claim your HRTC

As we’re coming up to the end of tax season a lot of you savvy homeowners have taken advantage of the home renovations and are now dreaming of your upcoming tax credits. In case you missed it the HRTC was … Continue reading

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