tonia503

Buying your first home feels big because nobody shows you the order of the steps. Here is the path I walk my buyers through, one step at a time, so you know exactly where you stand before you ever look at a house.

If your mortgage renews sometime in 2027, that date probably feels far away. It is closer than you think, and the work you do in the next few months decides whether renewal day is a shrug or a shock. Here is how to use the lead time while you still have it. If you took a five-year mortgage in 2022, or a shorter term since then, your renewal lands in 2027. For a lot of households, that means coming off a rate somewhere between 1.5 and 3 percent and renewing into a market that sits higher than...

If you've owned your home for a while in Newfoundland and Labrador, there's a good chance something has been quietly happening in the background. Your mortgage balance has been coming down. Your home's value may have gone up. And somewhere along the way, you may have accumulated a significant amount of equity. Let's say your home is now worth $600,000 and you owe $300,000 on your mortgage. That's roughly $300,000 in home equity. Great. Now what? Because having equity and knowing what to do...