If you find yourself having to pay hundreds, or even thousands, of dollars per month for interest payments on credit, you may want to consider debt consolidation. It may be the time to contact a mortgage broker to help you with this situation. You may be...
Now, here’s an important question to reflect on at the beginning of every year. Once we enter a new year, one of the first things we need to worry about is tax season. This is year, the deadline to make a contribution to your RRSP...
You probably know by know the Purchase Plus Improvements Program allows qualified purchasers to borrow up to 20% of the post-renovation value of a home, even with as little as 5% down. However, some planning still needs to be done before you venture into this...
We’ve said it many times: owning a house is almost everyone’s dream. We feel accomplished, it gives us a sense of responsibility, we feel like we have our own space. So, it’s only normal that we make a list to plan the house of our...
So here we stand, at the beginning of the century's third decade, and for us at The Costa Group, things have never looked more optimistic. The shift in the latter part of 2019 to be independently owned means we are now in a better position...
In the world of real estate, it is very common to hear the term prime rate. Many people are confused by this term. Prime rate refers to the lowest commercial interest rate charged by a bank at a particular time and it is used as...
Many people do not seem to understand or even know what a prepayment penalty is, whether because it was not well explained or it was not even brought up. If you are not well informed about this aspect, it can be very costly to you...
A starter home is a “somewhat” small house or condo that meets the requirements of young people buying their first home. This is usually the case for the vast majority of young people (single or couples). So, what should be your priorities if you are...
Here’s the thing: closing costs are the one element people tend to forget or know less about in the entire home buying process. We’ve written a few blog posts where we mention closing costs and what they entitle. This particular post aims at answering the...
Since January 2018, qualifying for a mortgage has been very challenging for first-time homebuyers, unless they got a “down payment” gift from a family member. As we have discussed numerous times, the federal stress test and climbing prices are the main reason why it is...