Not sure how to put together a down payment? Want to buy a second property? How can you leverage your home equity to pay for your children’s post-secondary education? Dare to dream. You’ll find your answers here.
Should you consult a mortgage broker when the key interest rate goes up?
by Multi-Prêts Mortgages What you’ll learn Mortgage brokers: Market experts Fixed and variable rates Assessing your risk tolerance Establishing a borrowing profile Mortgage broker expertise What type of mortgage rate should you choose when the Bank of Canada (BoC) raises its key interest rate? The answer may not be as simple as you think. Although […]
Understanding mortgage conditions
by Denis Doucet What you’ll learn Learn about the most often-used term definitions when signing a mortgage. Discover the conditions that normally make up your mortgage contract. The rate. Always the rate. Of course mortgage rates are an important factor to consider when buying a home; however, you also need to consider all the other conditions […]
The new reality of financial institutions
by Multi-Prêts Mortgages What you’ll learn New financial reality Criteria, conditions and mortgage rates Virtual lenders The financial world has grown by leaps and bounds over the past few decades. Lending institutions have rolled out an array of solutions to serve increasingly specific needs and previously ill-serviced market segments. Add the arrival of virtual lenders […]
Your child’s first bank account
by Multi-Prêts Mortgages What you’ll learn Financial literacy Applying basic concepts Opening your child’s first bank account Financial literacy Experts agree that you should teach your children the value of money early on. If your child’s piggy bank is overflowing, it may be time to consider opening their first bank account. Many financial institutions offer […]
Cosigning for a loan: what you need to know before accepting
by Multi-Prêts Mortgages What you’ll learn Why become a cosigner? The responsibilities The consequences Helping out loved ones in a time of need is certainly a noble endeavour. However, cosigning a loan is one of those favours that requires a great deal of judgment and vigilance. Why do you need a cosigner? If a financial […]
Loan or home equity line of credit?
by Multi-Prêts Mortgages What you’ll learn What is a home equity line of credit? Pros and cons Beware excessive debt: discipline is a must! Some claim a home equity line of credit is practically a gift from the Gods. Others claim it’s a scheme that encourages excessive debt and financial ruin. But whom should […]
What you need to know about being self-employed
by Multi-Prêts Mortgages What you’ll learn Are you cut out for being self-employed? The pros and cons of being your own boss. The financial and taxation specifics. Abandoning the comfort of a stable salary and benefits to set out on your own, requires a good deal of guts and optimism. Much like going skydiving, being […]
Apps to help you manage your budget
by Multi-Prêts Mortgages What you’ll learn Online tools to help you stick to a budget. Mint, MyWallet+, Spendee. How to scan your documents. For some, setting a budget is tantamount to getting a tooth pulled: it’s the kind of thing that can always be put off until tomorrow. What if it could be a pain-free, […]
Home equity line of credit: What you need to know
by Denis Doucet What you’ll learn The pros and cons of a home equity line of credit What conditions you need to fulfill to obtain this financial solution The dangers of a home equity line of credit A home equity line of credit is a mortgage product that can come in very handy, thanks in part […]
Top 7 financial tips for millennials
by Fabien Major What you’ll learn How can someone become financially independent? Actions you should take when you start out in life The most common mistakes people make when managing their finances Let me tell you a personal anecdote. After all, my three boys were born between 1982 and 2004, which means they are millennials. Although […]