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The changing lifestyles of Canadians are affecting how and where we live. Fortunately, mortgage lenders and insurers have created mortgages that meet these needs. The lowest possible down-payment is 5% of the purchase price. Down-payments can come from a number of sources and can include savings, Registered Retirement Savings Plan…

Mortgage rates are low and property values are stable, so it may make sense to refinance your home. Many people refinance their mortgages to take advantage of lower interest rates or pay off debts with higher interest rates. Othes will use the money to invest in Registered Retirement Savings Plans…

Your credit score is the single biggest factor that lenders use in determining your interest rate when you apply for a mortgage. Yet most people don’t even know what a credit score is, let alone whether they have a high score or a low one. The sad truth is if…

Paying off your mortgage as quickly as possible is a great way to save money, build equity and free up funds for other investments that can lead to financial security. Both lump sum payments and monthly payment increases are effective ways to pay off your mortgage sooner. Normally, when you…

Instead of working harder, make your money work harder. Choose to live below your means and use the money that’s left over to make MORE money. Here are some tips.   Make another monthly payment—to yourself. With all the bills you have, it’s tough to start saving. So think of…

1.     Live below your means while working toward a goal. Wealthy people are so sure they’ll eventually get ahead, they don’t mind skimping today for a more prosperous tomorrow. Instead of spending all their earnings or putting aside just 10% in savings, they’re willing to save a third or even…

Deciding what to do with your tax refund can be fun. Who doesn’t like to spend money? But instead of blowing it on things that are guaranteed to lose value—like expensive clothes or an amazing vacation—consider investing your money for the future. Sure, it sounds dull, but think of the…

Spring’s an excellent time to check out the wear and tear that winter may have caused to your home. Taking care of minor maintenance now can help prevent major repairs later on. Here’s what to look for: 1    Clean gutters. Unclog gutters before spring rains begin, and make sure downspouts…

As most Albertans know, Fort McMurray is a world unto itself. The oilsands projects are a huge driver of Canada’s economy. The incomes people earn are way above average and Fort McMurray real estate prices are astronomical. One of my lenders is offering a special mortgage rate for Fort McMurray…