Mortgage Blog

Category: Miscellaneous (45 posts)

Easy Ways to Repay Your Home Loan Early and Free Up Cash for Family Adventures

Easy Ways to Repay Your Home Loan Early and Free Up Cash for Family Adventures

November 27, 2019 | Posted by: Derek MacLean

Most home buyers take out a mortgage to help finance buying a home. As a result, many homeowners are faced with a monthly mortgage payment during the time they are raising their children or sending th ...

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What is the Difference Between a Home Equity Loan and Refinancing?

What is the Difference Between a Home Equity Loan and Refinancing?

November 13, 2019 | Posted by: Derek MacLean

Though most people believe that their home is a great place to live, others see the value in owning a home. It can be a great investment. However, if you are strapped for cash, it can be a source of ...

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3 Smart Ways to Use a Home Equity Line of Credit

3 Smart Ways to Use a Home Equity Line of Credit

March 13, 2019 | Posted by: Derek MacLean

For homeowners across the globe, home equity lines of credit (HELOCs) have become a handy way of tapping into the value of their homes. However, when borrowing money against your home, it is always ...

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How to Improve Your Chances of Being Approved for a Mortgage

How to Improve Your Chances of Being Approved for a Mortgage

December 24, 2018 | Posted by: Derek MacLean

For most first time home buyers, obtaining a mortgage is a crucial part of the purchasing process. However, being approved for a mortgage is often easier said than done. It can be disheartening to f ...

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Buying Your First Home: When Are You REALLY Ready?

Buying Your First Home: When Are You REALLY Ready?

December 12, 2018 | Posted by: Derek MacLean

Purchasing your first home is the dream of a lifetime and a massive investment toward your future. The process is full of hopes and aspirations but is also a huge commitment to take on. For those who ...

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The Pros And Cons Of Reverse Mortgages - A Quick Guide

The Pros And Cons Of Reverse Mortgages - A Quick Guide

November 28, 2018 | Posted by: Derek MacLean

No matter how carefully you plan, life can put a dent in your retirement funds. A life-altering accident or illness can turn your life upside down. Dipping into your retirement to meet uncovered expen ...

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3 Lesser-Known Ways to Invest in Real Estate

3 Lesser-Known Ways to Invest in Real Estate

November 14, 2018 | Posted by: Derek MacLean

Investing in real estate has long been a path to wealth-building. Real estate is an asset that can provide both ongoing income and value appreciation, making it attractive to those who seek long-term ...

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Happy Halloween

Happy Halloween

October 29, 2018 | Posted by: Derek MacLean

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Real Estate: Four Features of Profitable Rental Property

Real Estate: Four Features of Profitable Rental Property

October 24, 2018 | Posted by: Derek MacLean

Investing in real estate can be a frightening task for a first-time buyer. While the rewards can be huge, there are also a number of risks that you will need to consider. However, if you know what to ...

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Five Surefire Ways to Ensure You are ready to Buy a Home as a Recent College Graduate

Five Surefire Ways to Ensure You are ready to Buy a Home as a Recent College Graduate

October 10, 2018 | Posted by: Derek MacLean

If you are a recent college graduate, you might think that buying a home is still many years off, but that's not necessarily the case. If you dream of homeownership, even as a young adult, there may b ...

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Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?

Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?

September 26, 2018 | Posted by: Derek MacLean

When getting a home mortgage, if you can afford higher payments, often the option of a 15-year loan instead of one of 30 years is an option. It can be an enticing idea to know that you'll be free of a ...

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Four Home Renovation Projects That Will Boost the Value of Your House

Four Home Renovation Projects That Will Boost the Value of Your House

September 12, 2018 | Posted by: Derek MacLean

Whether you are planning on selling your home in the near future, or if you intend to stay for a long time to come, a renovation can be a great way to boost the overall appearance, utility, and value ...

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5 Reasons Why Your Home Isn't Selling

5 Reasons Why Your Home Isn't Selling

August 22, 2018 | Posted by: Derek MacLean

You've put your house on the market, and you're ready to start spending all the money you know you'll make from the sale. There's only one problem. Your house isn't selling. After trying to figure ...

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The Differences Between a Credit Freeze and Credit Lock, and How They Can Protect You from Identity Theft

The Differences Between a Credit Freeze and Credit Lock, and How They Can Protect You from Identity Theft

August 8, 2018 | Posted by: Derek MacLean

From your full name, to your address, to your social security number - almost every detail about you is stored in a database somewhere. This information floats around in digital clouds and servers, al ...

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House Flipping 101: How to Prevent Injuries During Demolition Days

House Flipping 101: How to Prevent Injuries During Demolition Days

July 25, 2018 | Posted by: Derek MacLean

Demolition days are a major perk for those engaging in house flipping. You get to smash kitchens, bathrooms, bedrooms, and living rooms to smithereens as you demolish the interior of the home you're ...

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Real Estate: How to Refinance a Mortgage with a Bad Credit Score

Real Estate: How to Refinance a Mortgage with a Bad Credit Score

July 11, 2018 | Posted by: Derek MacLean

There are many excellent reasons a homeowner may look into refinancing their mortgage. To refinance means to replace your current mortgage with a new one, almost always with a lower interest rate. For ...

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6 Home Renovations That Will Increase Your Home's Value

6 Home Renovations That Will Increase Your Home's Value

June 27, 2018 | Posted by: Derek MacLean

Home renovations can be an expensive and time-consuming commitment, and whether you plan on staying put for the long haul or flipping the house right away, it's worth knowing which renovation projects ...

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Things to Consider Before Moving Into an Over-55 Community

Things to Consider Before Moving Into an Over-55 Community

June 13, 2018 | Posted by: Derek MacLean

Many people, as they approach retirement age and the kids are gone, begin thinking about downsizing. One of the more popular choices for reduction is moving to one of the over-55 communities that ar ...

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How to Know If You Should Buy a Home or Continue Renting

How to Know If You Should Buy a Home or Continue Renting

May 23, 2018 | Posted by: Derek MacLean

While owning a home and a plot of land was once part of the 'American Dream' for many people, the times have shifted. The global financial crisis which resulted in a massive shift in the housing marke ...

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Great Buy on a Home? - Don't Expect the Appraisal to Prove It

Great Buy on a Home? - Don't Expect the Appraisal to Prove It

May 9, 2018 | Posted by: Derek MacLean

Buying a home can be fun and exciting, especially when you drive a hard bargain and get that seller over a barrel.  You did your research, caught a home with higher than average days on the marke ...

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Tips to Ease the Moving Process Along

Tips to Ease the Moving Process Along

April 25, 2018 | Posted by: Derek MacLean

Moving can be a stressful process, no matter how far you are traveling. Planning your move minimizes the stress associated with this task while also simplifying the process. Here are several tips that ...

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Five Things to Consider Before Flipping a House

Five Things to Consider Before Flipping a House

March 28, 2018 | Posted by: Derek MacLean

House flipping can be a tempting way to make fast money, but not every fixer-upper has the potential to be profitable. Here's five things to consider before buying a property to flip. 1. Time Tele ...

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Thinking of Buying a Home? Ask Yourself These Questions First

Thinking of Buying a Home? Ask Yourself These Questions First

March 14, 2018 | Posted by: Derek MacLean

Many people simply assume that buying a home is always better than renting, but that is not always the case. Owning a home makes sense in certain circumstances, just as renting is a smart move in othe ...

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How to Maintain a Good Credit Rating Throughout the Year

How to Maintain a Good Credit Rating Throughout the Year

February 28, 2018 | Posted by: Derek MacLean

If you want to make it easier to get an auto loan, mortgage, or new credit card account, you need to maintain a good credit score. It's easy to do so, particularly if you follow the tips presented her ...

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Four Strategies That Can Help You Get Approved for a Mortgage

Four Strategies That Can Help You Get Approved for a Mortgage

February 14, 2018 | Posted by: Derek MacLean

So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, es ...

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Looking to Invest? Pay Down Your Mortgage Instead

Looking to Invest? Pay Down Your Mortgage Instead

January 24, 2018 | Posted by: Derek MacLean

With all the gloomy news about pension plans in the press you may be worrying whether you should actually be investing in a pension plan or not. A new wave of thinking suggests possibly not. There may ...

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The Advantages and Disadvantages of Buying a New Home vs an Existing Home

The Advantages and Disadvantages of Buying a New Home vs an Existing Home

January 10, 2018 | Posted by: Derek MacLean

If you're planning on investing in real estate, then you're going to have two main options: to buy an existing home or buy a new home. An existing home is a house that has been lived in before, wherea ...

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Can You Afford to Buy a New Home?

Can You Afford to Buy a New Home?

December 27, 2017 | Posted by: Derek MacLean

Is Purchasing a New Home in Your Budget? If you're throwing your hard-earned money away on rent each month, putting that same amount towards your own home could be an incredible advantage. However, i ...

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What to Look for When Buying Your First Home

What to Look for When Buying Your First Home

December 13, 2017 | Posted by: Derek MacLean

Buying a first home is an exciting time in an individual's life. You may already have a family that needs more than simply being a good structure to protect against them against the elements. In addit ...

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Seven Inexpensive Home Staging Ideas for a Quick Sale

Seven Inexpensive Home Staging Ideas for a Quick Sale

November 22, 2017 | Posted by: Derek MacLean

When your home is on the market, first impressions matter more than ever. If a potential buyer doesn’t like what they see in the first few minutes, that bad start could color the rest of their e ...

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Credit Card Debt vs Mortgage Debt: Which Should You Pay Off?

Credit Card Debt vs Mortgage Debt: Which Should You Pay Off?

November 8, 2017 | Posted by: Derek MacLean

It's always a good idea to pay down your debt when you have extra cash on hand. However, as you get started, you will probably be faced with several types of debt you can work on, and it's hard to kno ...

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Buying Your First Home? Be Prepared for These 5 Startup Expenses

Buying Your First Home? Be Prepared for These 5 Startup Expenses

October 24, 2017 | Posted by: Derek MacLean

If you are in the market for your first home, you’ve probably saved a substantial amount of money for the down payment. You researched closing costs, sought out the best deal on a mortgage, and ...

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Five Reasons Why You Should Have More Than One Bank Account

Five Reasons Why You Should Have More Than One Bank Account

October 11, 2017 | Posted by: Derek MacLean

In today's tech world, being victimized by hackers can leave you penniless if you have only one bank account. The following five situations demonstrate how a having a backup account can keep you ...

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Preparing to Sell? Do This First

Preparing to Sell? Do This First

September 27, 2017 | Posted by: Derek MacLean

So you've made the decision to sell your home. What you do to prepare - from the outside in - will make all the difference in whether prospective buyers choose to take a look.  First impr ...

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4 Reasons to Say 'Yes' to Good Credit

4 Reasons to Say 'Yes' to Good Credit

September 13, 2017 | Posted by: Derek MacLean

Good credit is a necessity for acquiring many things in life. There are many important reasons for saying 'yes' to credit. Below are some of those reasons, as well as ways to get and build your credit ...

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10 Mistakes First-Time Homebuyers Make

10 Mistakes First-Time Homebuyers Make

August 23, 2017 | Posted by: Derek MacLean

Buying your first house can be an exciting and stressful time. There are so many things to consider that you can find yourself getting overwhelmed. Here are some common mistakes first-time homebuyers ...

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5 Ways to Simplify Your Financial Life

5 Ways to Simplify Your Financial Life

August 9, 2017 | Posted by: Derek MacLean

No matter who you are or what you do for a living, it can seem like your bank statements, credit card receipts, and other financial documents are burying you alive. If you are struggling under the wei ...

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5 Things First Time Home Buyers Should Do Before They Go Shopping

5 Things First Time Home Buyers Should Do Before They Go Shopping

July 26, 2017 | Posted by: Derek MacLean

Shopping for your first home is exciting, and it is only natural to want to get right to it. The idea of trading in that monthly rent check for a mortgage payment that builds equity and wealth for the ...

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Savvy Spender: Simple, Smart Ways to Make the Most of Your Credit Cards

Savvy Spender: Simple, Smart Ways to Make the Most of Your Credit Cards

July 12, 2017 | Posted by: Derek MacLean

Savvy Spender: Simple, Smart Ways to Make the Most of Your Credit Cards With their vast array of special perks and member benefits, credit cards are an appealing financing option for modern consumers ...

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4 Things You Need To Know When Buying A Vacation Home

4 Things You Need To Know When Buying A Vacation Home

June 28, 2017 | Posted by: Derek MacLean

Everyone looks forward to a vacation, and many people return to their favorite spot each year. If you really enjoy your annual destination, you might be ready to invest in a vacation home. There are m ...

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Gathering the Money for a Down Payment in Two Years or Less

Gathering the Money for a Down Payment in Two Years or Less

June 14, 2017 | Posted by: Derek MacLean

Whether you are looking to purchase a home in the next two years or you intend to wait another five, you must find a way to save up enough money to use for a down payment. Without the money to make a ...

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3 Simple Updates to Help Sell Your Home Fast

3 Simple Updates to Help Sell Your Home Fast

May 24, 2017 | Posted by: Derek MacLean

If you're getting ready to sell your home, you may be wondering what you can do to help it sell quickly. How can you make your home more appealing without investing a lot of time or money? The answer ...

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Home Buying 101 - Why the Relationship with Your Broker Should Be a Positive Partnership

Home Buying 101 - Why the Relationship with Your Broker Should Be a Positive Partnership

May 10, 2017 | Posted by: Derek MacLean

Whether you are looking for your first home or moving up to the home of your dreams, having an experienced real estate broker or agent in your corner is a must. Real estate is a very specialized indus ...

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Getting Your Whole Family on Board When Selling Your Home

Getting Your Whole Family on Board When Selling Your Home

April 26, 2017 | Posted by: Derek MacLean

If you are selling your home, this can be a challenge when you are in charge of getting your family on board as well. Selling a home with kids has its own challenges, but it isn't impossible. Here are ...

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2 Out of 3 Don't Shop at Renewal

2 Out of 3 Don't Shop at Renewal

January 26, 2012 | Posted by: Derek MacLean

Every now and then we see a mortgage stat that’s a jaw-dropper. This finding from Manulife Bank is one of them. It suggests there are a lot more people with money to burn than one might expect. ...

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