by Karen Wotherspoon | May 15, 2018 | Blog, Homeownership
As property prices continue to rise across Canada, the conversation around “how to climb the property ladder” has made a subtle shift to “how to get on the property ladder in the first place.” Especially if you’re single. Whereas before...
by Karen Wotherspoon | May 8, 2018 | Blog
Mortgages are a funny thing. On the one hand they allow you to become a home owner without saving up enough money to purchase the home outright, which is a really good thing. On the other hand, even at today’s really low interest rates, as they are amortized...
by Karen Wotherspoon | May 1, 2018 | Blog, Finance, Guest Post
If you listen to the radio, watch the news on TV, read the newspaper, go on Facebook, browse the internet, or talk with people, even a little, chances are you’ve been inundated with uncertainty. The uncertainty of it all is what sells papers… or ads on the...
by Karen Wotherspoon | Apr 24, 2018 | Blog
It has been said that there are two certainties in life; death and taxes. Well, as it relates to your mortgage, the single certainty is that you will pay back what you borrowed, plus interest. However, how you make your mortgage payments, the payment frequency, is...
by Karen Wotherspoon | Apr 18, 2018 | Announcements, Blog, Mortgage
The Bank of Canada today maintained its target for the overnight rate at 1 ¼ per cent. The Bank Rate is correspondingly 1 ½ per cent and the deposit rate is 1 per cent. Inflation in Canada is close to 2 per cent as temporary factors that have been weighing on...
by Karen Wotherspoon | Apr 10, 2018 | Blog, Homeownership
A lot of people get into hot water when they assume that because they’ve qualified for a mortgage in the past, they will qualify for a mortgage in the future. This article has one point to make and it’s this: Don’t assume anything when dealing with...
by Karen Wotherspoon | Apr 3, 2018 | Blog
So you’re thinking about co-signing for a mortgage? Okay, do you really know what that means do you know what you are getting yourself into? Co-signing isn’t necessarily a bad thing, but there is certainly a lot of misinformation floating around on the...
by Karen Wotherspoon | Mar 27, 2018 | Blog, Economy, Mortgage
If you bought a house, or had a mortgage renew roughly five years ago, there’s a chance the struggling economy and the relatively low interest rate environment (at the time) influenced you to “play it safe” and lock in a mortgage term for the next...
by Karen Wotherspoon | Mar 20, 2018 | Blog
Recently the good people over at Nest Wealth published an article called “The Worst Money Advice We’ve Ever Heard”. On the list was “Always keep a small balance on your credit card”. What they have to say on the subject is spot on:...
by Karen Wotherspoon | Mar 13, 2018 | Blog, Guest Post
You know those days where everything goes wrong and you’re so tired you don’t know what direction’s up? They’re a lot more manageable when you know what you’re working towards. Here’s 5 things that’ll help you survive—and make the most of!—your 40s and 50s. 1. Do...
