For a lot of home owners, the number one question to ask when it comes to property is "How can I pay off my mortgage as fast as possible?" Like all periodic payments, we’re always looking towards the last mortgage payment and to claim full ownership...
Are you buying your first home? Or, do you already have a few properties in your portfolio and are looking to expand? Whichever end of the spectrum you’re on, here are five mistakes to avoid when purchasing a home. Some of them you may have...
As much as we don’t want to believe it, the history of our cell phone bills does have something to do with our credit scores. A call phone account works differently than traditional credit cards and debit accounts. A cell phone account is an open...
Before you venture out to buy your dream home, you might want to first gain a thorough understanding of how a mortgage works. Not all aspiring homeowners in Canada have the extra money to pay up front the full purchase price of a property. And...
Principal and interest are the two primary components of a mortgage payment. Aside from any necessary fees involved, the principal and interest make up for all the money going out when paying back your mortgage. In its simplest definition, the principal is that directly contributes...
If you have less remaining mortgage balance than the value of your house – you’ve got equity. If you happen to find yourself in such a fortunate position, you are eligible of taking out a Home Equity Loan, otherwise known as a Home Equity Line...
