Mortgage Blog
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Category: Financial Literacy (12 posts)
What is the Qualifying Rate?
November 22, 2021 | Posted by: Resvick & Associates
In 2010, the Department of Finance introduced the Qualifying Rate as a new way to assess borrower eligibility and ensure borrowers can handle their payments should rates begin to rise. Your lender wil ...
read moreOur Top Ten Mortgage Tips for a Smart 2015
October 18, 2021 | Posted by: Resvick & Associates
This new year, take control of your financial future by thinking Smart about your Mortgage. Here are our top 10 tips to help you do just that! Get a mortgage checkup. That’s right. Every ye ...
read moreFixed or Variable-Rate Mortgage?
September 27, 2021 | Posted by: Resvick & Associates
“Wow!” look at the mortgage rate those guys are advertising! Your worries are over, you’re thinking. Just lock in a rate like that for the next five years, and you&rs ...
read moreNever Miss Great Tax-time Freebies!
September 20, 2021 | Posted by: Resvick & Associates
Here are two tax-time advantages available for upcoming first-time buyers and those who took the plunge in 2014. The 90-day boost. If you’re buying your first home now and it’ll be at ...
read moreQuick Quiz: Good debt or bad debt?
September 6, 2021 | Posted by: Resvick & Associates
No one really likes the idea of “debt”. It represents something that is owed: an obligation. But not all debt is actually “bad”. The trick is to have “good debt” ...
read moreWhat is Notice of Assessment (NOA)?
May 17, 2021 | Posted by: Resvick & Associates
What is an NOA? A Notice of Assessment or NOA is an annual statement from the Canada Revenue Agency to taxpayers detailing their income, and the amount of tax they owe or their refund, if any. It i ...
read more5 Ways to Simplify Your Financial Life
April 26, 2021 | Posted by: Resvick & Associates
No matter who you are or what you do for a living, it can seem like your bank statements, credit card receipts, and other financial documents are burying you alive. If you are struggling under the wei ...
read moreFive Reasons Why You Should Have More Than One Bank Account
March 29, 2021 | Posted by: Resvick & Associates
In today's tech world, being victimized by hackers can leave you penniless if you have only one bank account. The following five situations demonstrate how a having a backup account can keep you ...
read moreLooking to Invest? Pay Down Your Mortgage Instead
February 8, 2021 | Posted by: Resvick & Associates
With all the gloomy news about pension plans in the press you may be worrying whether you should actually be investing in a pension plan or not. A new wave of thinking suggests possibly not. There may ...
read moreFour Strategies That Can Help You Get Approved for a Mortgage
February 1, 2021 | Posted by: Resvick & Associates
So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, es ...
read moreHow to Maintain a Good Credit Rating Throughout the Year
January 25, 2021 | Posted by: Resvick & Associates
If you want to make it easier to get an auto loan, mortgage, or new credit card account, you need to maintain a good credit score. It's easy to do so, particularly if you follow the tips presented her ...
read moreShould You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?
October 19, 2020 | Posted by: Resvick & Associates
When getting a home mortgage, if you can afford higher payments, often the option of a 15-year loan instead of one of 30 years is an option. It can be an enticing idea to know that you'll be free of a ...
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