Our last post was about consumer proposals as an option to avoid bankruptcy. We all work really hard to avoid going bankrupt, but, in some instances, it might be the only possible way to deal with debt. Just like with anything else, the most important...
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...
Most Canadian graduates finish their post-secondary education with an average of close to $17,000 in debt, according to the Canadian Federation of Students. They are ready to begin their careers. Many start to also think about starting a family and buying a property. The...
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...
A Notice of Assessment, also known as NOA, is a statement from the Canada Revenue Agency notifying the taxpayer of the amount of tax they owe, if any, the amount of tax already paid, if any, tax credits received and contributions to a Registered Retirement...
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...
Is there a difference between refinancing your mortgage and home equity? Yes, there is. In fact, you have two options: refinancing the first mortgage that you have or taking out a home equity loan. Both of these can provide funds for whatever you need (debt consolidation,...
You know by now how important it is to get pre-approved for a mortgage. You also know it can be difficult to accomplish due to the number of “items on the check list”. One of the many documents a lender analyses before agreeing to give...