Tel. 905-336-5997 charmaine@designermortgages.ca

Is a down payment stopping you from purchasing?

As home buyers keep hearing about the “credit crunch” and doom and gloom, they wonder if they will ever be able to realize their dream of home ownership. I guess it depends how you look at life, is the glass half empty or half full. I personally believe there is a...

Home Renovation Financing Options

Whether you intend to finance your renovation yourself or borrow money, you should talk to a financial adviser and to your lender before you make firm plans. They can help you understand your options and advise on how much you can borrow. This information will help...

What a difference a year makes!

What a difference a year makes! Economic forecasting seems to be getting more and more difficult. Who would have thought a year ago that interest rates would fall to the current level? We had an increase in fixed rates that started in 2007 and pretty much continued to...

What’s in a Credit Report

What is used to calculate my score?   Your payment history, on your credit cards and loan repayments ie. Car loan, student loan. Missed payments are reflected on your credit bureau which impacts your credit score negatively. Collections show up on your credit bureau...

New Home Renovation Tax Credit Introduced

Effective January 29, 2009, any Canadian who spends money on home renovations will be eligible to receive up to $1,350 in tax relief thanks to the new Home Renovation Tax Credit proposed in Harper Government’s Economic Action Plan. “Every time Canadians invest in...