by Rakhi Madan | Mar 20, 2017 | Tips |
If you’re undecided about whether you should stash your money in an RRSP or a TFSA it pays to weigh the pros and cons of each product. Here are 5 key differences to help you decide which one is best for your long term plan- you may even decide a mix of both is right...
by Rakhi Madan | Jan 2, 2017 | Tips |
Purchasing a home is likely the single largest investment that most of us make in our lifetime, and it can lead to a big debt for homeowners. The thought of making payments for the next 25 years or so may seem daunting, but there are ways to pay off your mortgage...
by Rakhi Madan | Nov 5, 2016 | Tips |
No one likes having a mortgage payment and it seems many people are in a hurry to pay it off as soon as possible, but is this really the best strategy for a healthy retirement? What many people don’t realize is that they could be putting the money they are using to...
by Rakhi Madan | Jul 29, 2016 | First Time Home Buyer, Purchases, Refinance, Renewal, Tips |
The golden rule of mortgages is this, the longer you take to pay it off, the more money you give the bank. So your goal should be to pay your mortgage off as fast as comfortably possible. Listed here are payment options for your mortgage. Knowing these options before...
by Rakhi Madan | Jul 22, 2016 | Tips |
In Canada loan interest on your mortgage is compounded semi-annually unlike the United States where calculation is done monthly. The method used for loans in Canada gives borrowers a slightly lower monthly payment given the same principal, term and nominal interest...
by Rakhi Madan | Apr 28, 2016 | Tips |
Undeniably, purchasing a home in the greater Toronto area is among the most thrilling experiences. The moment you are accepted to have a mortgage, you are that much closer to owning a home. However, before you get all excited, just a piece of advice, never opt for the...
