Real estate blog entries tagged with payment by Troy Alexander (VERICO Select Mortgage)

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payment: Fixed vs. Variable Mortgage - 10/05/07 04:51 PM

I have had numerous clients ask me lately, "Should I take a fixed rate mortgage or would I be better off with a variable rate?" So based on that, I came up with the following as a general guideline of fixed vs. variable to answer this question.
Variable rate mortgages are best suited for … (5 comments)

payment: Investment Property Mortgage Insurance Program - 03/11/07 11:18 AM

INVESTMENT PROPERTY MORTGAGE INSURANCE PROGRAM
The Genworth Investment Property Program now makes it possible to purchase a rental property with as little as 10% down payment. The Investment Property Program is designed for individuals who are looking to diversify their investment portfolio and who have a proven history of managing their … (1 comments)

payment: Make your mortgage tax-deductible - 11/25/06 04:40 PM

Leading a revolution in the mortgage business, author Fraser Smith is teaching Canadians how to catch up to their U.S. counterparts and make their mortgages tax-deductible.
In Canada, mortgages are not tax-deductible but interest payments on money borrowed to create wealth or to make investments are deductible and there are a number … (0 comments)

payment: Tip of the day - 11/23/06 11:46 AM

How can you take some of the strategies within the Smith Manoeuvre, and apply them to Real Estate Investors? It's called the 'Cash Flow Dam' by Fraser Smith. Think of the power of taking monthly rental income the client receives, and before paying the mortgage payment on the rental, the client … (0 comments)

payment: Struggling to pay for a home - 11/22/06 09:02 AM

One in every seven Canadian households allocated nearly a third of their paycheck to shelter in 2004, according to a study that found renters in pricey cities such as Toronto and Vancouver were more likely to struggle with affordability than home owners.
Statistics Canada said Wednesday that 14 per cent of Canadian … (0 comments)

payment: Discover what has the biggest impact on your credit score! - 11/17/06 12:41 PM

Credit scoring has an enormous impact on your financial picture. It can mean the difference between getting a good interest rate on your mortgage loan, or whether you even qualify at all. It is therefore imperative to be well-versed on the factors that influence your credit score, and have the ability … (1 comments)

payment: Importance of using the right mortgage broker - 10/27/06 12:29 PM

What makes one mortgage broker better than another? A recent survey by TriDelta Financial Partners of their Canadian customers highlights the importance of using independent mortgage brokers who are qualified to understand the financial and retirement planning goals of their client.
When asked about what they are seeking from their mortgage broker, … (0 comments)

payment: Buying a new home? - 10/23/06 06:13 PM

Buying your home is a very exciting time, whether it's your first home or your retirement dream home. A home is one of the biggest purchases of your life and you have a lot of questions about the home buying process. We'll spend time sitting with you, discussing your needs, explaining … (4 comments)

payment: 10 Tips to Being Mortgage Free Faster - 10/19/06 10:54 AM

One of the highest financial priorities of Canadian homeowners is to pay off their mortgage as quickly as possible. Most are aware that paying down extra principal in the early years by whatever means possible can shorten the life of your mortgage — and dramatically lower the interest you'll pay over … (0 comments)

payment: Genworth Financial Canada Making Homeownership More Affordable For Canadians with 40-year Amortization - 10/11/06 08:55 AM

Genworth Financial Canada, The Homeownership Company, will now offer insurance on mortgages that are amortized over 40 years. The extended mortgage period reduces a borrower's monthly payment, enabling more buyers to afford a home of their own and increasing the choices available to them. For example, buyers could save as much … (1 comments)

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