Category Archives: Prêt Hypothécaire

Can refinancing my home solve my debt issues?

Monday August 28th, 2017

Can refinancing my home solve my debt issues?

This is a question frequently asked concerning mortgage financing… I have credit card debt. Could my house be the solution to my debt issues? The answer is YES, if you have the necessary equity to refinance your property. The principle is simple: calculate 80% of the market value of your home and then subtract the […]
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Buying a home when you’re new to Canada: It’s easier than you think!

Monday August 21st, 2017

Buying a home when you’re new to Canada: It’s easier than you think!

Are you new to Canada and think that buying a home is out of reach? Think again! With good planning and sound advice from real estate and mortgage brokers, it can be done.   Common myths New immigrants often rely on information from family and friends. It’s understandable: these are people you know and trust. […]
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Your home can be used as financial leverage.

Monday August 7th, 2017

Your home can be used as financial leverage.

Geneviève and Éric bought their home 8 years ago.  By refinancing their home for the maximum allowed (80% of the market value), they were able to free up $100,000 that they used as a down payment on the purchase of an 5-Plex costing $600,000. Because the $100,000 withdrawn from their home was used for an […]
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A fourplex property investment

Monday July 31st, 2017

A fourplex property investment

Here is the story of Jean-Francois and Charles. Both own their own home and would like to invest in real estate in order to diversify their savings. After months of searching with their real estate agent for a profitable well-built property, complete with good tenants, they finally found their diamond in the rough. Unfortunately, they […]
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A place for your kids to live through university: Better to buy or rent?

Monday July 10th, 2017

A place for your kids to live through university: Better to buy or rent?

With the high cost of rent, especially in Quebec City and Montreal, more and more parents are buying condos for their kids to live in while they’re at school. After all, they could probably sell it for a profit down the road. But is buying always the best option? Why buy versus rent? Living in […]
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A mortgage for self-employed : Can it be possible?

Monday June 26th, 2017

A mortgage for self-employed : Can it be possible?

Well yes, it is possible! Qualifying income is the only difference in qualifying for a mortgage between a salaried individual and a self-employed individual . For each situation here is the solution For a salaried individual income is established with a written confirmation of employment , specifying the date of hire , his annual salary, […]
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All homebuyers have to pay a land transfer tax (the “Bienvenue” tax).

Monday June 12th, 2017

All homebuyers have to pay a land transfer tax (the “Bienvenue” tax).

The land transfer tax or duties on real estate transfers is called the “taxe de bienvenue” in Quebec. Bienvenue has no connection with the expression “Welcome [Bienvenue] to your new house”. Rather it is the name of the provincial minister of Municipal Affairs who granted municipalities the right to collect this tax. It is a […]
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Green Homes: How to save up to 25% on your insurance premium

Monday June 12th, 2017

Green Homes: How to save up to 25% on your insurance premium

Did you know you can get up to 25% of your mortgage insurance premium back when you buy an energy-efficient home or when you buy a home and make energy-efficient improvements?   Purchasing or building an energy-efficient home New homes built under one of the energy-efficient building standards set out by the Canada Mortgage and […]
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