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mortgage

June 16, 2017
Trees with yellow leaves beside a street

Mortgage Renewal, Parking On The Lawn

My mortgage is about to come up for renewal and I'm looking for a competitive rate; My neighbour's teenage kids have taken to parking their cars on the front lawn.
September 15, 2017

Central Vacuum, Homes Not Officially on the Market, Mortgage Fell Through

Dear David, We moved into our new home last month. I just tried the central vacuum and the power head doesn’t work very well. What should […]
March 23, 2018

Aluminum Wiring, Cost Plus Improvements Mortgage, Asking for Chattels

Dear David,  Is aluminum wiring safe? — WIRED DEAR WIRED: Aluminum wiring is not uncommon in homes built in the mid-1960s to late 70s, as it was […]
March 29, 2018

Lease Sublet, Mortgage rules, Mortgage insurance

Dear David, We just signed a 3-year lease for our business and my wife and I have decided to split up, what do we do now? […]
August 24, 2018

Job change may affect mortgage approval, Do mobile homes appreciate?

Dear David, We want to move to a larger home, but I just changed jobs. Does that mean we have to wait a few years? – […]
September 14, 2018

Capital Gains on investment property, MLS descriptions without details

Dear David, I currently own a 2-storey rental home with a mortgage on it. I would like to sell this property and buy the bungalow next […]
November 9, 2018

How loans reduce purchasing power, DIY home repairs

Dear David, I have two loans that will be paid off in the next six months. Should I wait until they are cleared to sell my […]
June 8, 2019

Ready to downsize? Mortgage penalty?

Dear David, We’ve lived in our home for almost 20 years. The kids have moved out. We’re not sure if we should consider downsizing as we […]
July 26, 2019

Retirement mortgage, How long does it take to sell?

Dear David, We’re in our sixties and want to downsize. Will the bank still give us a mortgage? – READY TO SIGN DEAR READY: The quick […]
September 6, 2019

Missed payments, Executor duties

Dear David, We would really like to move up to a larger home. Five years ago, I was sick for a while and we missed a […]
December 14, 2019

Staging a parent’s home, renting out my house

January 17, 2020

Countertop investment, Power of Attorney

Dear David, We’ve recently repainted our kitchen cabinets and would like to update the countertops. Quartz looks nice, but is it really worth the investment? – […]
February 14, 2020

Porting a mortgage, what if we overpaid for our house?

Dear David, We’re ready to downsize. We still owe about $80,000 on our mortgage, which doesn’t come due for another 18 months. Would you advise we […]
February 21, 2020

Help for First time Buyers, Selling a rural property

Dear David, We’re ready to start looking for our first home. We want to purchase in next 3 to 6 months. We have a 5 percent […]
February 28, 2020

Parents co-sign mortgage, Replacing old carpet

Dear David, We are five years from retirement and our house is paid for. Our son just asked us to co-sign a loan so he can […]
April 3, 2020

Buying with a friend, Mortgage is paid off

Dear David, My friend and I want to buy a house together 50/50. I have a larger part of the down payment, but his income is […]
June 19, 2020

Buying with no financing condition, Moving in with adult kids

There are ways for buyers to hedge their bets and give themselves the best shot at receiving full approval once they find a home, even though the bank has the final word.
June 26, 2020

Winning at Multiple Offers

Dear David, We are first time buyers. We’ve been shopping for a while, and have made offers on three homes so far. We’ve been approved for […]
August 1, 2020

Financing turned down, Status for a POTL?

If you haven’t moved in the last few decades, you may be surprised by current financing procedures.
August 21, 2020

Low rates & high prices, selling during divorce

In the last fifty years of sales data, there have been only a few months here and there in which average sale prices have declined, and they’ve always recovered quickly.
September 3, 2020

Is a “free market evaluation” the same as an appraisal?

Market evaluations are subjective. As such, they can be vastly different. If an evaluation sounds too good to be true, make sure the Realtor can back up their numbers.
September 25, 2020

Importance of a separation agreement, Rising deposits

It’s common for divorcing couples to assume the equity in their matrimonial home will be split 50/50, but the division of assets can be complicated.
October 9, 2020

COVID Mortgage deferral is ending, I’m not back to work

COVID-19 measures have left many homeowners unemployed or reduced their hours to a point where they worry about making mortgage payments.
November 27, 2020

How do we improve our credit score?

Credit scores are critical, as lenders use them to help gauge the creditworthiness of mortgage applicants.
April 9, 2021

“Tenants in common” ownership in a will, our appraisal came up short

The cottage may be grouped with other assets in your estate and funnelled down through your spouse or other beneficiaries.