Category: Mortgage Tips & Advice (26 posts)
- December 24, 2018 @ 10:55 AM
- Posted by Colleen Macdonnell, AMP
How to Improve Your Chances of Being Approved for a Mortgage
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
- November 28, 2018 @ 11:50 AM
- Posted by Colleen Macdonnell, AMP
The Pros And Cons Of Reverse Mortgages - A Quick Guide
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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- September 26, 2018 @ 2:06 PM
- Posted by Colleen Macdonnell, AMP
Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?
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
- April 11, 2018 @ 1:31 PM
- Posted by Colleen Macdonnell, AMP
Planning to Refinance Your Mortgage? Ask These 4 Questions First
Deciding to refinance is a crucial financial move that can help you make significant savings. When you plan properly, do your research, and take time to evaluate where you stand financially, you'll be
- February 14, 2018 @ 11:43 AM
- Posted by Colleen Macdonnell, AMP
Four Strategies That Can Help You Get Approved for a Mortgage
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
- January 24, 2018 @ 11:19 AM
- Posted by Colleen Macdonnell, AMP
Looking to Invest? Pay Down Your Mortgage Instead
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
- July 12, 2017 @ 11:54 AM
- Posted by Colleen Macdonnell, AMP
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 With their vast array of special perks and member benefits, credit cards are an appealing financing option for modern consumers
- April 11, 2017 @ 2:07 PM
- Posted by Colleen Macdonnell, AMP
Buying a Home, Step One: Mortgage Pre-Approval
Whether you're looking to buy your first home, or haven't purchased a home in the past several years, you may be surprised to discover that searching your local real estate listings is not the best pl
- March 14, 2017 @ 2:13 PM
- Posted by Colleen Macdonnell, AMP
Why Remortgage? 4 Excellent Reasons to Consider Refinancing Your Home
Your home is probably the most significant purchase you'll ever make, yet it's surprising how many people simply continue paying their mortgage every month without thinking too much about it. However,
- November 23, 2016 @ 3:59 PM
- Posted by Colleen Macdonnell, AMP
Saving For College: Four Tips For Parents
One of the prime concerns of parents, especially parents of teenagers, is how their children will be able to afford college tuition. With prices going up each year at even state and community colleges
- October 12, 2016 @ 10:06 AM
- Posted by Colleen Macdonnell, AMP
Is Having No Credit As Risky As Having Bad Credit?
Let's clear up one misconception, right off the bat: having no credit is not the same as having bad credit. 'No credit' simply means that your credit history - which tracks your loans and repayments o
- September 14, 2016 @ 10:42 AM
- Posted by Colleen Macdonnell, AMP
Why Should I Repair My Credit?
Your credit history is more than just a number; it affects nearly every aspect of your financial life. If you are suffering from a low credit score, you're probably an excellent candidate for credit r
- July 13, 2016 @ 10:46 AM
- Posted by Colleen Macdonnell, AMP
How to Manage Your Credit Card Debt: A 4-Step Strategy
Being in debt is undoubtedly stressful, more so when the interest rates keep pushing your overall debt to skyrocketing amounts. Many people fall into the temptations of unnecessary expenditures and en
- May 11, 2016 @ 10:10 AM
- Posted by Colleen Macdonnell, AMP
3 Ways to Change Your Financial Habits
Some financial habits are good, but others can hold you back and prevent you from saving. If you need to change your financial habits, it is important to take a step-by-step approach. This three-step
- February 26, 2016 @ 9:17 AM
- Posted by Colleen Macdonnell, AMP
Important Steps to Take in Your 30s to Prepare for Retirement
Some adults begin planning and saving for retirement immediately after graduating college and entering the workforce. Others delay retirement planning, believing that they have several decades to save
- January 27, 2016 @ 12:27 PM
- Posted by Colleen Macdonnell, AMP
Great Tips To Pay Off Your Mortgage Early
Are you looking for ways to speed up paying off your mortgage? Most mortgages are taken out for 15- to 30-year periods. However, this shouldn't stop you from paying off your mortgage early if you come
- January 13, 2016 @ 11:32 AM
- Posted by Colleen Macdonnell, AMP
Strategies to Dig Yourself Out of the Debt Hole
Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can help
- November 24, 2015 @ 1:30 PM
- Posted by Colleen Macdonnell, AMP
Buying a New Home Instead of an Existing Home? Things to Consider...
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
- October 28, 2015 @ 11:50 AM
- Posted by Colleen Macdonnell, AMP
The Benefits of Investing in Income-Producing Properties
Making money in any real estate venture is a difficult task, and many people don't have the skills (or the stomach) for flipping houses. An alternative to this intrinsically risky activity is to purch
- October 28, 2015 @ 11:43 AM
- Posted by Colleen Macdonnell, AMP
The Benefits of Investing in Income-Producing Properties
Making money in any real estate venture is a difficult task, and many people don't have the skills (or the stomach) for flipping houses. An alternative to this intrinsically risky activity is to purch
- September 9, 2015 @ 10:42 AM
- Posted by Colleen Macdonnell, AMP
Should You Spend the Full Mortgage Amount You're Approved For?
Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for
- August 26, 2015 @ 11:33 AM
- Posted by Colleen Macdonnell, AMP
Take Advantage of Low Interest Rates - Refinance Your Mortgage Today!
Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more. If you bought your home more than a few years ago, you could probably benefit
- July 8, 2015 @ 1:12 PM
- Posted by Colleen Macdonnell, AMP
Why You Need an Emergency Fund - And How to Get One
Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a
- April 8, 2015 @ 7:29 PM
- Posted by Colleen Macdonnell, AMP
4 Strategies That Can Help You Get PreApproved
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
- February 23, 2015 @ 12:54 PM
- Posted by Colleen Macdonnell, AMP
5 easy ways to be mortgage free sooner!
We all know that paying off a mortgage as early as possible makes good financial sense. You’ll save significant interest costs and free up money for RRSPs and other investments, and changing l
- September 30, 2014 @ 7:10 PM
- Posted by Colleen Macdonnell, AMP
2 Out of 3 Do Not shop at Renewal
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 expec
Colleen Macdonnell, AMP
Accredited Mortgage Professional
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