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Home Ownership, Mortgage Education, Mortgage News

Understanding Accelerated Payments

accelerated paymentsAn increasingly popular way Canadians choose to pay off mortgages before their amortization period expires is by making accelerated payments. Owning a home and paying off a mortgage takes the average Canadian household between 20-25 years.  However, a salary raise, job promotion, being prudent spenders, or an inheritance can help interested couples use their newfound capital to shorten that time. Read More…

Home Ownership

Does marriage improve a couple’s finances?

marriage improve a couple's financesTying the knot comes with understanding your future spouse-to-be’s personal finance habits and goals, ideally before marriage. From managing credit, loans, assorted debt, insurance policies and merging bank accounts, there’s lots to financially prepare for.  Weddings can be costly, and in Canada,  costs average around $20,000 for the Big Day. Many couples finance their weddings through a combination of family contributions, gift fund registries, and loans. Some add personal savings to celebrate what will be one of the most important days in their lives. Yet, what happens after a couple says their “I Do”s?

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