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 […]
Tim Jones: All Things Real Estate Q: My wife and I need to refinance out of our current first mortgage. We bought our home three years ago with a first-time buyer program, which required us to pay interest-only for 36 months then, after 36 months, the interest rate goes sky-high […]
The first quarter of the year is gradually coming to an end. However, a lot of people are still struggling to own a house. Some have ‘all it takes’ to own a nice home nevertheless, the access to their new home is literally limited by ignorance. Are you ready to […]
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 […]
