Each Office Independently Owned & Operated
Posted by: Yen (Frank) Feng
The Canadian government’s first-time homebuyer incentive program offers a shared-equity mortgage that enables eligible first-time buyers to lower their monthly mortgage payments and improve their ability to purchase a home. The Incentive: By offering an incentive to assist with the down payment, this program helps to lower the overall mortgage amount and reduce monthly mortgage […]
Read MorePosted by: Yen (Frank) Feng
Are you dreaming about owning a rental property? Did you know there are advantages and disadvantages? ADVANTAGES of Owning a Rental Property: Earning monthly income Allows you to build home equity Tax deduction on all rental-related expenses DISADVANTAGES of Owning a Rental Property: Responsibility for maintaining the rental property and managing your tenant(s) Higher tax […]
Read MorePosted by: Yen (Frank) Feng
Looking to sell your home this Spring? Here are a few tips to help you make the most of the spring season! 1. Hire an Experienced Realtor: To get your home ready for the Spring market, consider hiring an experienced realtor who can guide you through the entire sales process. A good realtor can assist […]
Read MorePosted by: Yen (Frank) Feng
When you are in the market for a mortgage, it is important to know the requirements for the qualification, also the reasons why you may not qualify. By understanding these reasons, you can make necessary changes and budget accordingly for the future. Here are the top 5 reasons why you may not qualify for a […]
Read MorePosted by: Yen (Frank) Feng
The latest news has highlighted rising interest rates, surging inflation, and economic uncertainty in Canada, leading to suggestions for a possible recession. To protect your future, consider taking the following steps: Set a budget and reduce expenses: Set a budget and reduce monthly expenses and overall debt by reviewing your income and expenses. Identify areas for […]
Read MorePosted by: Yen (Frank) Feng
When buying a home, it is essential to avoid mistakes to make the process as smooth as possible. Here are five common house-hunting mistakes to avoid before starting your journey: 1. Skipping the Pre-Qualifying Process: The mortgage application with the pre-qualifying process is a crucial aspect of purchasing a home. A pre-qualification will give you […]
Read MorePosted by: Yen (Frank) Feng
The holidays are a season of giving, and households can often carry some extra debts as we enter the New Year. Many struggles with some post-holiday debts. Whether you have accumulated multiple points of debt from credit cards or are dealing with other loans (such as car loans, personal loans, etc.), you are likely looking […]
Read MorePosted by: Yen (Frank) Feng
Have you got New Year Resolutions for your finances in 2023? Consider these great ideas to make your home feel brand new come January: Purge Your Space The beginning of the year will be a perfect time to purge your home. While cleaning your home is common around the holidays, purging takes that a step […]
Read MorePosted by: Yen (Frank) Feng
According to a recent study by Angus Reid, 7 in 10 Canadians say money is a source of stress*. The current rising inflation makes Canadian families more challenging to maintain their standard of living. Also, Canadians are becoming stressed about rising inflation, increasing expenses, and home retrofitting costs to higher grocery and electricity bills. At times […]
Read MorePosted by: Yen (Frank) Feng
Finding timeless advice in the ever-changing world of personal finance can be difficult. Here are five pieces of advice you should take on: 1. Start small and start early with investing Canadians can open a Tax-Free Saving Account (TFSA) as early as age 18. About 5% of Canadians under the age of 25 have a […]
Read More