As part of our Guest Blog we have asked Erica Vincelli, a licensed Ottawa Mortgage Agent, to share her knowledge and expertise with you! DOWN PAYMENT One of the biggest challenges when wanting to buy a home is the down payment.  You ask yourself, “How do I come up with $20,000?”.  Many people think your down payment can only come from savings but there are other s...Read More

After the whirlwind year of 2020, making your finances work for you is already top of mind for Canadians. Why not roll that into a brand-new resolution moving forward into 2021? Here are some ideas to make your finances work for YOU in the New Year: Start a Budget If you don’t have a monthly budget already, this is the first step in financial awareness. Knowing how much you make per month ...Read More

  Refinancing a mortgage means paying off an existing loan and replacing it with a new one. Reasons you may want to refinance include: Covering tuition costs   Home renovations   Purchasing a new vehicle   Investing in a new property   Other investment opportunities Before choosing to refinance it is important to look at your financial situati...Read More

Did you know? Reverse mortgages are continuing to gain popularity for 55+ homeowners in Canada! For many Canadians who are looking to retire but currently facing high debt load and ongoing expenses, as well as reduced income, it can be a challenge. This is where the reverse mortgage can help! This product is also a great option for anyone wanting to assist their elderly parents. Instead of sellin...Read More

If you secured your mortgage 3-5 years ago, you may be able to secure a lower rate that would save you money. With interest rates being quite low, a simple refinance can end up saving you money and securing the low rate for a longer term. What would you do if you had extra money in your pocket each month? Think of what that would free up for smarter spending or saving. Over the life of a 5 year l...Read More

What “not to do” can be just as important as what you must do when it comes to applying for a mortgage.  Think of your application as a snap shot in time. It is a picture of your current financial profile and how you were approved for the loan. Any changes to your profile made prior to your funding date may impact your approval.  This doesn’t mean you can’t use y...Read More

Looking to pay down your debt? Although debt is common, you should always keep a close eye on it.  In this post I’ll share some of the many ways you can pay down your debt quickly and efficiently.  Tackle Those High-Interest Loans High mortgage rate loans, credit cards, lines of credit and other private company loans are difficult to pay off because a big chunk of the payment goes...Read More