Are you thinking about refinancing your mortgage? Early refinancing has become a bit of a trend; not surprisingly though, everyone is looking to save money where they can. Obtaining a new loan with better interest rates for your home could mean saving money on monthly mortgage payments or using the extra money on other projects such as renovations or making investments.
Home renovations can add great value if you plan on putting your home on the market.
How can you protect your purchasing power amid a Canadian dollar drop? Here’s what consumers should know, along with this week’s top headlines.
This week on MoneyWise, we’re all about moving on up – what changes can you make to your home, finances and savings to get ahead this spring? Read on for this week’s lineup!
The concept of buying a starter home and eventually buying something bigger and better may be obsolete – a CIBC study finds the price gap between starter and higher priced homes to be too wide for homeowners looking to move up, even if they have equity from their first home.
Back-to-school season is upon us, and families everywhere are likely feeling the post-shopping pinch. Some good news then, for those who’ve racked up the credit card or taken out a student loan – borrowing costs in Canada won’t be going anywhere in the short term, according to this week’s Bank of Canada announcement.
As Canadian housing prices continue their rising trend, it’s no surprise that homeowners want the most out of their investment. And, while house flipping shows make value-adding renos seem a breeze, such projects aren’t always necessary – and some can even hurt the value of your home. Here, our friends from The Housing Block share tips on whether you really need those renos.
Welcome to RateSupermarket.ca’s Ask the Experts series! In each post, we’ll look at real financial issues from readers, and get the expert take on how they should proceed. Want to take part? Email your finance question to Penelope@ratesupermarket.ca with the subject line Ask The Experts. Here, parents Nina and Keith wonder if they should add on to their existing home – or if a bulldozer is in their near future.
New homeowners beware – there’s nothing like unexpected renovations to disrupt your budget and break your bank account. This is just what happened to rookie homeowner Sean Cooper this winter – read on to see how he paid for over $20,000 in surprise repairs.
Want to renovate your home? A few DIY projects can add value to your property – but beware makeover money pits!