Let’s say you get a $2K bonus from your employer. You may be wondering what you should do with it to get the biggest bang for your buck. With the Registered Retirement Savings Plan (RRSP) contribution deadline coming up on March 1st, you may be wondering whether it’s better to pay down your mortgage or […]

Peter Majthenyi and Kola Ifabumuyi are both mortgage planners with a combined 40 years’ experience in the industry. As a mortgage broker myself, I thought it’d be interesting to pick their brains. Peter started out with a degree in economics and investments and quickly realized he preferred giving money to clients to invest rather than […]

Should I choose a fixed rate or variable rate mortgage? It’s an age-old dilemma homeowners have been struggling with for decades. An often-cited study by York University professor Moshe Milevsky found that homeowners would come out ahead 9 times out of 10 by going variable instead of fixed. So, case closed. Variable rate it is, […]

I’m super excited to be sharing the story of Jelani Smith of Bay Street Blog. Not only is Jelani a first-time homebuyer, he’s one in Toronto, Canada’s second most expensive housing market. Jelani is living proof that that dream of homeownership is still alive and well for millennials. His post walks you through the thought […]

Higher mortgage rates could be coming – and a lot sooner than many of us anticipated. Ever since the start of the year, the Canadian economy has been on a tear. GDP soared 3.7 percent in the first quarter, followed by 0.2 percent in April. With our economy not showing any signs of slowing down, […]

Your mortgage may seem like a life sentence, but it doesn’t have to be. Through “side hustle,” you can achieve your  financial goals sooner like saving the down payment for your future home and paying down your mortgage in 10 years or less. I’m living proof of the power of side hustle. With side hustle, […]

Shopping for a mortgage is a lot more than simply finding the mortgage with the lowest rate. You wouldn’t shop for a condo by lowest list price only, ignoring other factors like maintenance fees, amenities and location. So don’t do it with your mortgage. The lowest mortgage rate may be the best mortgage, but there’s […]

If you’re buying a home with less than a 20 percent down payment, the rules of the game have changed. In an effort to avoid a U.S.-style housing crash, the federal government has introduced a new set of mortgage rules designed to cool the real market and orchestrate a “soft landing.” The government is once […]

Contrary to popular beliefMortgage and Loan Calculator V7 Sean Cooper Financial Data Mortgage and Loan Calculator V7 Sean Cooper Graph , your mortgage doesn’t have to be a life sentence. You can pay off your mortgage sooner without taking on a second job.  In the last blog post I discussed How to Save for Retirement […]

Debating between saving for retirement or paying down your mortgage faster?  There’s a way to do both at once without having to alter your existing budget. The Total Wealth Approach The Total Wealth Approach is Chippingham Financial Group’s proprietary investment strategy to help address the entire financial life cycle of an individual.  They have spent […]