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Becoming a First-Time Homebuyer & Landlord at Once

Becoming a First-Time Homebuyer & Landlord at Once

by Peter Lirantzis | Nov 20, 2020 | Blog, Economy, Finance, Homeownership, Mortgage

Becoming a First-Time Homebuyer & Landlord at Once   In Canada, there are nearly 4.5 million adults and families who live in rental housing – representing approximately one third of total households. If you’re looking to purchase a home, particularly your...
What’s the Difference Between Paying a House Deposit & Down Payment?

What’s the Difference Between Paying a House Deposit & Down Payment?

by Peter Lirantzis | Nov 13, 2020 | Blog, Economy, Homeownership, Mortgage

There are a lot of unknown terms you’ll come across while buying a home – particularly as a first-time homebuyer. Two common payments that homebuyers sometimes use interchangeably, but are quite different, are “deposit” and “down payment”.    Deposit When buying...
How Does Skipping a Mortgage Payment Work?

How Does Skipping a Mortgage Payment Work?

by Peter Lirantzis | Nov 6, 2020 | Blog, Homeownership, Mortgage

How Does Skipping a Mortgage Payment Work?   Many lenders provide the option for you to skip a mortgage payment each year to help alleviate those tight financial months where everything seems to come due at once. But this also may be an option to help you push...
The Mortgage Deferral Program is Over. Now What?

The Mortgage Deferral Program is Over. Now What?

by Peter Lirantzis | Oct 23, 2020 | Announcements, Homeownership, Mortgage

The federal government introduced a six-month Mortgage Deferral Program – which officially wrapped up September 30th – to help Canadians stay in their homes while the job market recovered from COVID-19. With the deferral program coming to an end, stress has mounted...
When Must a Mortgage Interest Adjustment be Paid?

When Must a Mortgage Interest Adjustment be Paid?

by Peter Lirantzis | Oct 9, 2020 | Blog, Economy, Homeownership, Mortgage

Often times, when you buy a property, there’s a gap between your home’s closing date and the day in which your lender withdraws your first mortgage payment from your bank account. During those in-between days, interest is accumulated on the money you owe, and a...
Does it Make Sense to Consolidate Debt into Your Mortgage?

Does it Make Sense to Consolidate Debt into Your Mortgage?

by Peter Lirantzis | Oct 2, 2020 | Blog, Economy, Homeownership, Mortgage

In the simplest of times, debt has a way of creeping up and quickly causing grief in our everyday lives, not to mention the havoc it can wreak during a pandemic, creating extra stress and uncertainty.    A debt consolidation mortgage is an affordable way to pay...
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