Did you know that there is a ton of money on deposit in financial institutions that is never claimed? Bank accounts, investments, negotiable instruments, all hanging around waiting for someone to claim. As a matter of fact, $973 million in unclaimed balances at the end of 2020 in Canada. Is any of this yours? A… Read More »There’s Loads of Money in Dormant Accounts
Are you planning on building a home? If so, there are a few things you’ll want to know about your mortgage financing. Construction mortgages are unique in many ways and it can be a very frustrating process if you don’t understand how they work. Because they are not a common type of mortgage, many mortgage… Read More »How Construction Mortgages Really Work
Does your mortgage payment include a portion for property taxes? If you have a mortgage and your bank is making the property tax payments, you may have a little stash of money in your mortgage tax account. Why not take a few minutes to check it out and get that cash into your hands instead… Read More »Is there Money in your Mortgage Tax Account?
My spouse and I were out of town for the weekend. We we’re winding down for the night when I got a text alert saying “A charge of $839 from WestJet was posted to your MasterCard.” I looked over at my spouse who was on his IPAD and said, “Umm, did you just book us… Read More »Protect Your Money – Set up Alerts for Your Banking
I recently helped a client get over $300 in insurance premiums back. They were paying for coverage on 2 loans and they no longer qualified for that coverage. That’s why it’s so important to review what you have for loan and mortgage insurance coverage. Did you sign up for insurance coverage with the bank when… Read More »A Review of your Loan Insurance Could Save you Money
Question: Should you get your mortgage pre-approved before you shop for a home? Answer: Definitely! Here’s 6 good reasons why. Shopping for a home is exciting! However, it can be disappointing if you find a home you love only to find out that you don’t qualify for the mortgage. Make sure you do your homework… Read More »6 Reasons to get a Mortgage Pre-approved Before Buying
Buying a home is a really exciting time! But it can be stressful too because of the uncertainty of costs and financing, moving, or maybe relocating to a new city. This article will help you prepare for those costs in advance. When you’re ready to buy, you can focus more on what’s really important- your… Read More »Your First Home Purchase – Know the Costs
Buying your first home is a big event in your life. It is likely your most significant purchase and it involves a lot of time and many decisions. This brief article, and related posts, help you prepare for each step in the financing process. Your First Home-Know the Costs and 6 Reasons to have your… Read More »Steps for Getting a Mortgage
When you take out a mortgage or loan at the bank, your banker will ask if you want insurance coverage. Most customers make this decision very quickly, and with little information. But the decision about insurance is important. The good thing is, if you rushed through the decision at the time of signing papers, you… Read More »Mortgage and Loan Insurance – Is it Worth It?
You’re heading off to post-secondary school. Congratulations! There are great banking offers for students that you can take advantage of and this is also the time to apply for your first credit card and maybe student loans as well. These are the first steps to establishing your Financial Health. Here are some tips to get you… Read More »Best Banking Tips for Students