Select Page

The Blog

I always keep my blog up to date so you can stay informed.
Using Your RRSP To Help Buy A Home
Using Your RRSP To Help Buy A Home

Did you know that you can use your RRSP to help buy a home? In fact, you can, it’s called the RRSP Home Buyer’s Plan (or HBP for short). Here are a few things you need to know! It needs to be your first home (with some exceptions). Technically, you must not have owned...

read more
New Stress Test On Insured Mortgages
New Stress Test On Insured Mortgages

Minister Morneau Announces New Benchmark Rate for Qualifying For Insured Mortgages The new qualifying rate will be the mortgage contract rate or a newly created benchmark very close to it plus 200 basis points, in either case. The News Release from the Department of...

read more
Deposit vs Downpayment
Deposit vs Downpayment

As part of the mortgage and real estate processes, there’s a lot of confusion around the differences between the deposit and the downpayment. It's important to understand what sets them apart so you don’t get confused when it’s time to secure financing on a property...

read more
2020 Property Tax Assessments
2020 Property Tax Assessments

You should be receiving your 2020 property tax assessments in the mail this week.  Your property assessment reflects the estimated value of your property on July 1, 2019, along with your property characteristics and condition on Dec 31, 2019.  How does the city know...

read more
Costs Associated with Buying a Property
Costs Associated with Buying a Property

So you want to buy a property, that’s great! Make sure you have your wallet ready to bring to the table. In addition to the downpayment, there are many other costs associated with purchasing a home; typically, these are called closing costs. Your closing costs...

read more
Planning Ahead, A Guide to Mortgage Documentation
Planning Ahead, A Guide to Mortgage Documentation

It doesn’t matter if you are looking to purchase your first home, your next home, or your twentieth home; typically the mortgage documentation required to secure financing will be the same. The earlier on in the process you can collect these documents, and provide...

read more
Mortgage Options Into Retirement
Mortgage Options Into Retirement

Although it’s ideal to have your mortgage paid off by the time you retire, in today’s economy, that isn’t always possible. The cost of living is considerably higher than it has ever been, and as a result, a lot of Canadians are putting off retirement, hoping to make...

read more
Protecting Your Credit Through a Divorce
Protecting Your Credit Through a Divorce

No secret here, divorces are challenging, there are a lot of things to think about in a short amount of time. Although finances are often at the forefront of the discussions as it relates to the separation of assets, managing and maintaining personal credit can be...

read more
The Interest-Only Mortgage
The Interest-Only Mortgage

Relatively self-explanatory, an interest-only mortgage is one where your entire mortgage payment goes to interest and does not pay down the principal mortgage amount at all. So at the end of your term, you will owe the same amount as when you got your mortgage. So you...

read more
How Can I Pay Down My Mortgage Faster?
How Can I Pay Down My Mortgage Faster?

Although getting a mortgage is exciting as it allows you to become a homeowner, a mortgage is, in fact, a lot of debt. So if you have a mortgage, your goal should be to get rid of it as quickly as possible. Here are four things you can do to help pay off your mortgage...

read more

GET IN TOUCH

Cory Vance | Mortgage Professional

Mortgage Renewal Reminder

I will send you a reminder 120 days prior to your mortgage coming up for renewal. This will ensure you get the best rate hold when your existing mortgage comes up for renewal.
(Don't worry, I won't use this to send you spam.)

7 + 1 =