One morning like any other, when you aren’t expecting anyone, there comes a knock at the door. It’s a bailiff who hands you a repossession notice from a financial institution for defaulting on your mortgage payments. But you already paid off your mortgage a few years ago. They must have the wrong person, right? Nope–the title on your home has been stolen.
Title theft, a type of mortgage fraud, isn’t common–but it’s been on the rise in recent years. It starts with stealing your identity. Fraudsters create fake documents so they can take over the title on your property and then remortgage your house or sell it and, in any case, make off with the proceeds.[……]
Initially, a real loft was a dwelling outfitted in an abandoned industrial building. At some point, interior design professionals had the idea of usin[……]
We often forget them, but they can provide an important service. Why not resort to an architect when the time comes to do major renovations? Such as expanding a house.
Of course, an architect will increase the cost of the work, but keep in mind that, in most major renovations, your property will increase in value. So why not increase this value as much as possible? Especially if it involves adding space to a house.
You don’t have to call upon a renowned architect. A student fresh out of university will do just fine.
Don’t be afraid to seek knowledge elsewhere when you want to renovate a house. An architect is a professional who has this knowledge.
First advantage: you can talk to the architect before starting the renovation project and throughout the process, which removes a great deal of stress. You will feel less alone.[……]
With a lot of discipline and determination, you can stay on top of your debts. Some decisions you make when buying a home can substantially reduce your interest fees.
Here are some things that could have a big impact on how much money is left in your pocket.
Make the largest down payment you can
This will reduce the amount of your mortgage and the length of time it takes you to repay it. To help you increase your down payment, you can use the Home Buyers’ Plan. To avoid paying interest needlessly, consider buying a smaller home and paying it off in a period of 17 years.[……]
Not sure? Take some time to revisit your financial goals. If your mortgage is coming up for renewal, now may be the time to switch to BMO.
How do I go about switching my mortgage?
The process is simple. Three months before your mortgage matures, contact a BMO Mortgage Specialist to review your mortgage options. A BMO Mortgage Specialist will help you reassess your financial goals and find ways to better manage your total household debt, taking advantage of the accessibility and flexibility of BMO mortgage financing.
Before you consider the available options…
The one thing we can be sure of in our lives is change. Before switching, it’s wise to re-evaluate your financial situation so that your decisions are based on your current circumstances. For example, are you making more money now than when you initially purchased your home? Or are you on a tighter budget?[……]
Having a service business, either alone or with partners, can offer many significant financial benefits. Seeing your income increase is a very real possibility. However, before undertaking this adventure, here are a few things to consider.
Entrepreneurs often mistakenly believe that mentoring is only useful when a problem arises. Asking for advice from a mentor is not a sign of weakness. On the contrary, an entrepreneur who seeks the advice of a mentor from the very beginning will be better prepared to handle difficult situations and can benefit from the mentor’s experience to make more informed decisions. [……]
