Real Estate Blog for Buyers & Sellers

Category: Financing (31 posts)

  • July 24, 2019
  • Kelleway Real Estate Team

How Much House Can You Afford? Ask Yourself These Critical Questions to Find Out

It is the perennial question for every first-time homeowner. How much house can I afford? As with so many life-changing decisions, there is no one right answer to this common query, and the size of th

  • July 10, 2019
  • Kelleway Real Estate Team

3 Simple Ways to Repair Your Credit

For many Canadians looking to purchase a home, bad credit scores stand in the way of getting a mortgage. Most lenders prefer your score to be 650 or higher. If they do allow for lower credit scores, i

  • March 13, 2019
  • Kelleway Real Estate Team

3 Smart Ways to Use a Home Equity Line of Credit

For homeowners across the globe, home equity lines of credit (HELOCs) have become a handy way of tapping into the value of their homes. However, when borrowing money against your home, it is always

  • December 24, 2018
  • Kelleway Real Estate Team

How to Improve Your Chances of Being Approved for a Mortgage

For most first time home buyers, obtaining a mortgage is a crucial part of the purchasing process. However, being approved for a mortgage is often easier said than done. It can be disheartening to f

  • November 28, 2018
  • Kelleway Real Estate Team

The Pros And Cons Of Reverse Mortgages - A Quick Guide

No matter how carefully you plan, life can put a dent in your retirement funds. A life-altering accident or illness can turn your life upside down. Dipping into your retirement to meet uncovered expen

  • September 26, 2018
  • Kelleway Real Estate Team

Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?

When getting a home mortgage, if you can afford higher payments, often the option of a 15-year loan instead of one of 30 years is an option. It can be an enticing idea to know that you'll be free of a

  • July 11, 2018
  • Kelleway Real Estate Team

Real Estate: How to Refinance a Mortgage with a Bad Credit Score

There are many excellent reasons a homeowner may look into refinancing their mortgage. To refinance means to replace your current mortgage with a new one, almost always with a lower interest rate. For

  • April 11, 2018
  • Kelleway Real Estate Team

Planning to Refinance Your Mortgage? Ask These 4 Questions First

Deciding to refinance is a crucial financial move that can help you make significant savings. When you plan properly, do your research, and take time to evaluate where you stand financially, you'll be

  • February 14, 2018
  • Kelleway Real Estate Team

Four Strategies That Can Help You Get Approved for a Mortgage

So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, es

  • December 27, 2017
  • Kelleway Real Estate Team

Can You Afford to Buy a New Home?

Is Purchasing a New Home in Your Budget? If you're throwing your hard-earned money away on rent each month, putting that same amount towards your own home could be an incredible advantage. However, i

  • November 8, 2017
  • Kelleway Real Estate Team

Credit Card Debt vs Mortgage Debt: Which Should You Pay Off?

It's always a good idea to pay down your debt when you have extra cash on hand. However, as you get started, you will probably be faced with several types of debt you can work on, and it's hard to kno

  • October 11, 2017
  • Kelleway Real Estate Team

Five Reasons Why You Should Have More Than One Bank Account

In today's tech world, being victimized by hackers can leave you penniless if you have only one bank account. The following five situations demonstrate how a having a backup account can keep you

  • September 13, 2017
  • Kelleway Real Estate Team

Four Reasons to Say 'Yes' to Good Credit

Good credit is a necessity for acquiring many things in life. There are many important reasons for saying 'yes' to credit. Below are some of those reasons, as well as ways to get and build your credit

  • August 9, 2017
  • Kelleway Real Estate Team

5 Ways to Simplify Your Financial Life

No matter who you are or what you do for a living, it can seem like your bank statements, credit card receipts, and other financial documents are burying you alive. If you are struggling under the wei

  • July 12, 2017
  • Kelleway Real Estate Team

Savvy Spender: Simple, Smart Ways to Make the Most of Your Credit Cards

Savvy Spender: Simple, Smart Ways to Make the Most of Your Credit Cards With their vast array of special perks and member benefits, credit cards are an appealing financing option for modern consumers

  • April 11, 2017
  • Kelleway Real Estate Team

Buying a Home, Step One: Mortgage Pre-Approval

Whether you're looking to buy your first home, or haven't purchased a home in the past several years, you may be surprised to discover that searching your local real estate listings is not the best pl

  • March 14, 2017
  • Kelleway Real Estate Team

Why Remortgage? 4 Excellent Reasons to Consider Refinancing Your Home

Your home is probably the most significant purchase you'll ever make, yet it's surprising how many people simply continue paying their mortgage every month without thinking too much about it. However,

  • November 23, 2016
  • Kelleway Real Estate Team

Saving For College: Four Tips For Parents

One of the prime concerns of parents, especially parents of teenagers, is how their children will be able to afford college tuition. With prices going up each year at even state and community colleges

  • October 12, 2016
  • Kelleway Real Estate Team

Is Having No Credit As Risky As Having Bad Credit?

Let's clear up one misconception, right off the bat: having no credit is not the same as having bad credit. 'No credit' simply means that your credit history - which tracks your loans and repayments o

  • September 14, 2016
  • Kelleway Real Estate Team

Why Should I Repair My Credit?

Your credit history is more than just a number; it affects nearly every aspect of your financial life. If you are suffering from a low credit score, you're probably an excellent candidate for credit r

  • July 13, 2016
  • Kelleway Real Estate Team

How to Manage Your Credit Card Debt: A 4-Step Strategy

Being in debt is undoubtedly stressful, more so when the interest rates keep pushing your overall debt to skyrocketing amounts. Many people fall into the temptations of unnecessary expenditures and en

  • June 8, 2016
  • Kelleway Real Estate Team

Why is Saving Money so Hard?

Saving money is a lot like dieting -- easy to understand but difficult to execute and follow through. Intellectually, you know that having that extra piece of pie or second helping of French fries is

  • May 11, 2016
  • Kelleway Real Estate Team

3 Ways to Change Your Financial Habits

Some financial habits are good, but others can hold you back and prevent you from saving. If you need to change your financial habits, it is important to take a step-by-step approach. This three-step

  • April 13, 2016
  • Kelleway Real Estate Team

5 Smart Ways to Improve Your Credit Score

Whether you want to buy a house or just get a better rate on your credit card, your credit score will play a big role in how well you do and how much you have to pay.   If you do not know your

  • February 26, 2016
  • Kelleway Real Estate Team

Important Steps to Take in Your 30s to Prepare for Retirement

Some adults begin planning and saving for retirement immediately after graduating college and entering the workforce. Others delay retirement planning, believing that they have several decades to save

  • January 27, 2016
  • Kelleway Real Estate Team

Great Tips To Pay Off Your Mortgage Early

Are you looking for ways to speed up paying off your mortgage? Most mortgages are taken out for 15- to 30-year periods. However, this shouldn't stop you from paying off your mortgage early if you come

  • January 13, 2016
  • Kelleway Real Estate Team

Strategies to Dig Yourself Out of the Debt Hole

Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can help

  • August 3, 2015
  • Kelleway Real Estate Team

Why You Need an Emergency Fund - And How to Get One

Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a

  • June 18, 2015
  • Kelleway Real Estate Team

Financing Your First Home

A lot of emotions are involved when preparing to apply for your first mortgage, including excitement, apprehension, joy, and dread. If you do the necessary preparation before diving into the home-buyi

  • April 23, 2015
  • Kelleway Real Estate Team

How to Maintain a Good Credit Rating Throughout the Year

If you want to make it easier to get an auto loan, mortgage, or new credit card account, you need to maintain a good credit score. It's easy to do so, particularly if you follow the tips presented her

  • March 24, 2015
  • Kelleway Real Estate Team

How Much Can I Afford To Pay For A Home?

To determine 'affordability' you will first need to know your taxable income along with the amount of any debt outstanding and the monthly payments. Assuming it is your principal residence you are p