Financial Freedom: What you Need to Know About Your Mortgage

Mortgage

Buying a house is probably one of the biggest decisions you will make, so it’s important to understand what you’re getting into. Suppose you live in British Columbia and have spoken to a custom home builder in Vancouver and you have determined the cost of your dream home. Some builders work with specific banks to help arrange your mortgage while others leave finding the mortgage up to you.

Although it may seem easier to go with the mortgage provided by the builder, you have to look carefully at the terms of the proposed mortgage. This is probably the largest purchase of your life so don’t be afraid to ask your builder and/or mortgage broker questions before you sign on the dotted line. Often the builder will “get a cut” which may increase the cost of your mortgage by 1% or more, which could add up to thousands of dollars over the life of the mortgage, so it pays to compare. A few minutes of diligence could result in the highest paid moments of your life! If you know what you’re looking at and have a good understanding of your mortgage contract, you will avoid making a costly mistake.

5 Steps to Improving Your Home’s Value

Home Value

When it comes to the value of your home, it’s all about appealing to the masses. While you may love having a pool, far too many buyers look at this feature and see the maintenance costs as a liability. So consider resale value before making major changes. Here are five steps you can take to make your home look more favorable to most buyers, and that will result in a rising value.

Finding the House of Your Dreams

Buying a house

Buying a home is one of the biggest financial investments you can make in your life but looking for a home is stressful. You know the payoff will be great, but the agents and the time spent on drive-bys can feel like a chore. You also get tunnel vision, where you’ve seen something so many […]

Tips for Renting a Storage Unit

Storage units can help reduce size of living space needed

Some cities like Los Angeles have traditionally been one of the highest-cost cities in America and although prices dropped during the housing crunch they are rebounding rapidly. In areas like this, storage units have become a popular method to help combat those costs by allowing residents to live in smaller spaces. With some Tetris skills […]

Becoming a Landlord: Should You “Buy-To-Let”?

Buy to let mortgages may be an option

With interest rates remaining low, the idea of becoming a landlord with a low interest mortgage and high rental income has become an attractive option. After all, putting your money in property has generally been considered a relatively safe long term option. Although the 2008 real estate crisis caused some temporary concern for those wishing to sell…  landlords […]

How to Sell your Home Quickly and Profitability

"Ben's First Family Home" by Jennifer Morrow on Flickr

With British property prices rising at their fastest rate since 2010, individuals who are looking to sell their home face a deceptively difficult challenge if they are to achieve their goals. You would think that rising property prices reflect increasing demand and that would be a good thing, however, there may come a point in […]

Should You Ditch Your Real Estate Agent?

Consider an online estate agent the next time you need to sell a home

The housing market is very slowly gathering momentum, but most house sellers and renters are finding themselves increasingly frustrated at the cut that the real estate agents take for seemingly not a lot of work. So a small number of house sellers have turned their backs on traditional approach and instead are opting for online […]

Selling Your House Through Social Media

sell your home using social media

Did you log into Facebook today? How about Twitter or LinkedIn? Social networks have been one of the biggest revolutions in how we talk to each other since the invention of the telephone, and there’s no end to the ways in which enterprising users are using social media to change and develop the way our […]