The Tribe Blog
Have You Taken Advantage of the First Home Savings Account?
Saving for a down payment is often one of the greatest barriers to homeownership. Fortunately, a First Home Savings Account (FHSA) encourages Canadians to intentionally plan ahead for your entrance into the housing market. First introduced by the federal government...
Calculating Your First-Time Homebuyer Budget
Buying your first home is extremely exciting, but it also takes a lot of planning, including building a realistic budget that helps ensure you can afford to carry all the expenses that come along with homeownership. Here are the key homebuying costs to include in your...
An Annual Mortgage Review Can Maximize Your Savings
For many homeowners, securing a mortgage is a significant financial milestone. But, it’s just as important to regularly review and optimize that mortgage. This is where your mortgage agent becomes even more invaluable – proactively looking out for your best interests...
Planning Some Home Renovations? Ask Your Mortgage Agent About Financing!
Are you thinking of giving your home a makeover this year? Using your home equity may be the most economical financing solution to get the kitchen of your dreams or a spa bathroom retreat. And your mortgage agent can help guide you through this process. Home equity is...
How Does a Gifted Down Payment Work?
Owning a home is a major milestone for many Canadians, but the financial hurdle of coming up with a sufficient down payment can be a significant barrier. To address this, some aspiring homeowners turn to the concept of a gifted down payment – a strategy that can make...
A New Year is a Fresh Start for Your Finances
For many Canadians, 2023 was a tough year thanks to high inflation and interest rates, and we’re ready to put it far behind us with the hope of a brighter year ahead. The good news is that economists are suggesting borrowing costs may have already peaked. After three...
Document Checklist to Prepare for Your Mortgage Application
Whether you’re becoming a homeowner for the first time or purchasing another property, this is an exciting time. But it also requires some work on your end in order to ensure the mortgage process runs as smoothly as possible. While it may appear as though you have to...
Tips for Navigating the Holidays on a Budget
In the spirit of the holidays, it’s easy to get caught up with the excitement of festive decorations, gift-giving, entertaining and gatherings with loved ones. But it’s important to stay on budget so you start 2024 off without financial regrets. Following are some...
Document Checklist to Prepare for Your Mortgage Application
Whether you’re becoming a homeowner for the first time or purchasing another property, this is an exciting time. But it also requires some work on your end in order to ensure the mortgage process runs as smoothly as possible. While it may appear as though you have to...
Tips for Navigating the Holidays on a Budget
In the spirit of the holidays, it’s easy to get caught up with the excitement of festive decorations, gift-giving, entertaining and gatherings with loved ones. But it’s important to stay on budget so you start 2024 off without financial regrets. Following are some...
November is Financial Literacy Month!
Your financial well-being is at the core of our mission as mortgage agents and brokers. And Financial Literacy Month is a great opportunity for you to get empowered and ensure you always make informed decisions regarding your mortgage and overall financial health....
How Can a Mortgage Refinance Help You?
There are numerous ways that you may be able to benefit from accessing some the equity built up in your home through a mortgage refinance, including helping cover the costs of the upcoming holiday season’s gift buying, decorating and entertaining. If your mortgage is...
Canadians Think Inflation is Even Higher Than Reality: BoC Survey
Results from a new Bank of Canada (BoC) survey show that Canadian consumers believe inflation is higher than it actually is, and they expect it to remain high despite data showing that it’s actually on the way down. The BoC released the results of its survey of...
Buying a Home? Don’t Forget About Closing Costs
When buying a home, there’s much more to consider above and beyond your mortgage costs while taking overall affordability into account. Be sure to include closing costs in your budget because, in most cases, they can’t be rolled into your mortgage payments. ‘Closing...
What Do-It-Yourself Home Repairs Should You Tackle?
Owning a home comes with a fair share of responsibilities, including maintenance and repairs. And, while some items on your to-do list can be tackled with a little DIY spirit, others are best left to the professionals. There are so many specialty renovation...
Why Do I Need a Mortgage Co-Signer?
When mortgage qualification rules tighten up and/or interest rates rise, you may require a mortgage co-signer to qualify for the loan amount required to get you into your new home. Additionally, if you’re experiencing difficulty meeting traditional lender...
Consolidating Debt Can Increase Your Monthly Cashflow!
With all of the rate increases over the past year – following several years of historically low rates – many mortgage borrowers are concerned about increased mortgage payments, regardless of whether they’re currently in a fixed-rate or variable-rate mortgage. In many...
Important Conditions to Include in Your Offer to Purchase
During the red-hot Canadian real estate market spurred by the pandemic where bidding wars were pretty much expected, it was virtually impossible to get an Offer to Purchase accepted that contained important conditions to protect the buyer when making among the largest...
Is Your Mortgage Coming Up for Renewal? Read This First
A lot has changed since your last mortgage term began thanks to high inflation leading to increased interest rates – following years of historic lows. That’s why it’s important to review all options before your renewal date. Step one is to speak with your mortgage...
Down Payment Savings Opportunities for First-Time Homebuyers
Looking to buy your first home? Saving up for your down payment can seem virtually impossible unless you have a plan in place. Fortunately, there are more savings options available today than ever before. There are three main savings accounts you can use to your...
Haven’t quite found what you are looking for?
No worries, try searching our archives.