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So far skyfinancial has created 181 blog entries.

What you need to know before buying a home

Many first-time home buyers are surprised to discover just how many ways you can mess up the home financing when buying a home. You may received your pre-approval, found a home you loved and made an offer. But if you want to avoid messing up the transaction, you will need to be extremely careful until the sale [...]

By | 2017-12-07T19:21:59+00:00 December 7th, 2017|Mortgage Tips|Comments Off on What you need to know before buying a home

Pay less tax on rental properties

Q: I have five rental properties in my name. Should I switch them to a numbered company? –Travis A: Hi, Travis. Incorporating a holding company to own rental properties has some advantages and disadvantages depending on the objectives you have in mind in both the short and long term. However, you should first speak with a [...]

By | 2017-11-24T16:35:14+00:00 November 24th, 2017|Investment Properties|Comments Off on Pay less tax on rental properties

Complex mortgage rules boost value of mortgage brokers

   More complex mortgage rules boost the value of mortgage brokers.  The last quarter of 2016 brought considerable change to Canada’s residential mortgage business. In October, the Department of Finance Canada announced new mortgage rules that have had a tempering effect on the market. Then, in late December, the Office of the Superintendent of Financial [...]

By | 2017-02-08T16:10:24+00:00 February 8th, 2017|Mortgage Rules, Mortgage Tips|Comments Off on Complex mortgage rules boost value of mortgage brokers

What the New Mortgage Landscape Means for You

Since the financial and housing crisis that gripped the world in the middle of the last decade, governments across the world have tightened regulations in an effort to reign in lending, and make the market more stable. Here in Canada, we did not suffer the same consequences of the U.S. housing crisis, but over the [...]

By | 2017-01-04T01:02:16+00:00 July 22nd, 2015|Mortgage Tips|Comments Off on What the New Mortgage Landscape Means for You

Debunking Some of the Top Canadian Mortgage Myths

Applying for a mortgage can be a worrying time for those looking to get onto the property ladder. There are countless myths about getting a mortgage in Canada - let’s look some of those myths and the truth behind them. Myth - You need a down payment of at least 25% to be accepted for [...]

By | 2015-07-08T16:44:36+00:00 July 8th, 2015|Mortgage Tips|Comments Off on Debunking Some of the Top Canadian Mortgage Myths

The 411 On Construction Loans

Construction loans are back by lenders who provide funding for newly built homes. These types of loans are typically obtained by home construction companies or by private builders that need the extra capital to manufacture a house from scratch. Most construction loans are offered to large construction corporations that manufacture homes on a mass scale. [...]

By | 2017-01-04T01:02:16+00:00 June 17th, 2015|Lines of Credit|Comments Off on The 411 On Construction Loans

Everything You Need To Know About Renewing Your Mortgage

With mortgage loans considered by banks and customers to one of the safest there is, mortgage loans have traditionally been among the most popular types of loans taken out by people. For that same reason many people choose to renew their mortgages once the term of their previous one has ended. Mortgage renewal is one [...]

By | 2017-01-04T01:02:16+00:00 June 2nd, 2015|Mortgage Tips|Comments Off on Everything You Need To Know About Renewing Your Mortgage

What You Need to Know About Debt Consolidation Loans

A debt consolidation loan is a great solution if you are struggling to pay multiple creditors. A financial institution will offer you one large loan that enables you to pay off all your existing debts, leaving you to make a single monthly repayment to your loan provider. This is an attractive option as it basically [...]

By | 2017-01-04T01:02:16+00:00 May 14th, 2015|Budgeting, Debt management|Comments Off on What You Need to Know About Debt Consolidation Loans

The Advantages of Qualified Mortgage Brokers

Applying for a mortgage is probably one, if not the biggest financial commitments you will ever make. That’s why you need to have the right partner on your side as you search for the best mortgage. Although many people have always turned to their banks for this, working with a mortgage broker is by far [...]

By | 2015-04-21T19:14:55+00:00 April 21st, 2015|Mortgage Products, Mortgage Tips|Comments Off on The Advantages of Qualified Mortgage Brokers

Mortgages for the Self-Employed

In the past, getting a mortgage was relatively easy for self-employed people. However, recent changes on laws governing mortgages has made it more difficult for self-employed individuals to access mortgages even though they may have a higher median net worth than paid employees. Below are some issues self-employed individuals might face when applying for a [...]

By | 2017-01-04T01:02:16+00:00 April 6th, 2015|Mortgage Tips|Comments Off on Mortgages for the Self-Employed