Showing Tag: "mortgage" (Show all posts)

Reverse Mortgage in Canada Misconceptions. Myths and Facts of a Reverse Mortgage in Canada

Posted by Inessa Semerenko on Thursday, January 26, 2012, In : Mortgage Tips 

Myth: The lender owns your home.

Fact: You remain the owner of your home. All you are required to do is pay your property taxes and any other maintenance fees required as well as maintain your property and be sure to have proper fire insurance.

Myth: You will have to pay taxes on the money you get from the Canadian Home Income Plan or any reverse mortgage in Canada.

Fact: In Canada the money that you receive from the Canadian Home Income Plan or any reverse mortgage in Canada does not qualify a...

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Top 10 Ways to Improve Your Score

Posted by Royalton MFS Group on Wednesday, January 11, 2012, In : Mortgage Tips 

10. Learn what your current FICO® Credit Score is and what appears on your credit report. Score Power® gives you immediate access to your credit report and includes your current FICO score.

9. Don't open new credit cards that you don't need just to increase your available credit. This approach could backfire and actually lower your score.

8. Try to keep your total account balances as low as possible. High outstanding debt may negatively affect your score, as you have a greater chance of missi...

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Top Mistakes of Home Buyers

Posted by Royalton MFS on Tuesday, December 13, 2011, In : Home Buyers 
By  Shaun Stevenett 

 The process of buying a home is one that you need to engage in with your head as well as your heart. You can’t make impulsive decisions when buying a home or you may find that you make a poor investment that will cost you time, money and frustration down the road.  

Insure that you are a smart first-time home buyer by avoiding some common mistakes:


Mistakes to Avoid as a First-Time Home Buyer

You Can’t Get Over the Decor – Don’t allow the paint colors or the furnitu...

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