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Mortgage-application-form-RK-2019

Fixed vs Variable Mortgage Decision… here is how to do the math!

Year over year perhaps the most contested issue in the mortgage market is the age old decision of choosing between fixed and variable rate mortgage. Hundreds of thousands of dollars of personal financial research dollars has been poured into making the case and giving the final decisive pearl of wisdom to consumers. What I am …

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interest-rates-typewriter-RK-2019

How to Protect Your Payments and Monthly Cash Flow with Today’s Rising Mortgage Rates

What you will learn in this article: 1)      How mortgage rates work; 2)      What is happening to mortgage rates now; and 3)      How to protect yourself from higher rates and tighter mortgage lending now As we all know, real estate financing plays a central role in the affordability of real estate to most Canadians. In …

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10 actions to take to get the most out of 2018 tax year

Though most of us are already planning our holiday season, it’s never too late (or too soon) to finalize the year-end tax planning. Follow these 10 tips and you won’t miss out on some important tax savings. Actions to take in your investment portfolio Tax-loss selling When it comes to any form of investment, the …

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Who pays mortgage broker fees?

Once upon a time, we all believed that our friendly, neighbourhood bank advisor or financial planner worked for free. But like the myth of a flat Earth or the notion that retiring is easy, virtually no one believes these myths anymore. Truth be told, nobody works for free. Financial advisors don’t work for free; your …

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Why Investment Property Mortgage Interest Rates Will Rise

With new mortgage rules in effect and regulators closely monitoring credit policy in Canada, there has been much conversation about the impact on real estate prices and how much the changes will slow the pace of residential real estate appreciation. Only time will tell how regional based foreign home buyer taxes, tougher mortgage rules, and …

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How to make a Canadian mortgage tax deductible

There are a lot of advantages to owning a principal residence in Canada. Property is an excellent hedge against inflation, it offers an opportunity to earn revenue from rentals (allowing the asset to act as an alternative to other fixed-income investment products) and any gain in value on your principal residence is sheltered from taxes …

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How to make your Canadian Mortgage Interest Tax Deductible

Here in Canada, we don’t get to write off home mortgage interest on our personal residences they do in the United States without formal planning. Many Canadians have to pay every dollar of interest with after-tax dollars. The name of the game here is tax savings and wealth creation through strategic conservative leverage wealth strategy. …

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Investors: Beware of Syndicated Mortgages!

I have been asked by hundreds of investment advisors, portfolio managers, mortgage professionals and clients my perspective on the syndicated mortgages as a whole. Here is my most simplified opinion on the matter along with a simplified explanation. I have no financial gain in writing this and will never comment on individual projects or their respect …

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