The prospect of a mortgage and owing a huge sum over decades — whether you’re arranging or renewing financing on a home — can be daunting. And when you look at how much of your payments go toward the interest in the early years of your mortgage, that’s even more discouraging. Jared Ksenica, BMO’s regional vice-president for the GTA mortgage specialist sales force. Discuss with your adviser the length […]
Since transitioning out of the military, I’ve had the, um, “pleasure” of being around a lot more civilians. Some of the questions I’m asked on an annoyingly regular basis are, “Aren’t VA loans awesome? Don’t you get a free house? Did you get yours?” After polling some veterans, I realized […]
Folks used to say, “You can’t go wrong with real estate.” They sure don’t say that anymore. It’s been a rollercoaster dozen years for home prices—and some experts think another rough patch is in the offing. Since the housing crisis began in mid-2006, national home prices have plunged by more […]
Homeownership looks different depending on the person or couple, but for most it’s a way to build wealth. The New York Times Magazine ran a survey in 2017 that found that homeowners are on average 36 times wealthier than renters. It isn’t hard to imagine why when you shift rent payments into […]
