Monthly Archives January 2014

Mortgages today offer a new form of hidden savings!

  In years past, when Canadians faced an array of higher interest rates, the majority of the home owner’s monthly mortgage payment at the beginning of the mortgage went to paying down the interest, leaving the principal relatively untouched. The following chart shows just how much the interest rate can impact monthly mortgage payments, the interest costs incurred over the term of a mortgage, as well as the outstanding balance at the end of the 5-year term. Example: Based on a $200,000 5-year open variable rate mortgage, amortized over 25 years   Interest Rate Monthly Payment Interest Costs for the
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Why January is a GREAT time to list your home for sale

  So it’s January, it’s cold outside and there’s snow everywhere. You’re anxious to sell your house, but you think January can’t possibly be the best time for that. Your family and friends all agree that April is a much better month to put your house on the market. So you wait……. and wait ……. and wait. Well STOP WAITING!! Here are 3 great reasons to list your house for sale in January. 1. There are fewer houses on the market – you’ll have less competition and a greater chance of getting an offer. 2. Anyone house hunting in January
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