Living mortgage free is only one step to living financially free or secure. You need to develop a strategy if you want to be financially free. The ultimate strategy is earn more income. Sure, you can cut expenses, but, unless you’re making a lot to begin with, you still want to earn more income if […]
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Is Living Mortgage Free, Financial Freedom?
Is paying off your mortgage and living mortgage free really like having financial freedom? When you have a mortgage, it may seem like having no mortgage will be financial freedom. When you finally pay off your mortgage, you realize, it’s not yet financial freedom. But, you’re getting there! Related: How to Pay Off Your Mortgage […]
How to Calculate the Land Transfer Tax in Ontario
Every province and territory in Canada has some tax or fee whenever you purchase a home. You should take this into account with respect to your expenses. Your realtor fees and this land transfer tax are the two biggest expenses after the cost of your home. Mortgage insurance only applies if you’re required to take […]
The Complete Guide to Credit Scores in Canada
What is a Credit Score? Your credit score is a rating assigned to you by the credit bureaus. The rating is between 300 and 900, where 900 is the best you can get and 300 is where you start off. This rating is one factor, albeit a major factor, used to determine whether you can […]
The Best Way to Save Money and Grow Your Wealth
I’ve read many articles about saving money. Some people have some rules, hacks, tips, or whatever you want to call them. But, really, it’s as simple as losing weight: Burn more calories than you take in. It’s as simple as making money in stocks: Buy low, sell high. Okay, I’m being a bit facetious. We […]
Burn Your Mortgage – Sean Cooper
Sean Cooper Eliminates His $255k Mortgage in 3 Years In 2012, at age of 27, Sean Cooper checked one important thing from his wish list – he bought his first house. Only 3 years later, in 2015, at the age of 30, Sean did what most of us can only dream and imagine –he wiped […]
Saving for Retirement: Employee vs. Consultant
As a former IT contractor for over 10 years, I’ve often heard people say how they’re afraid to become a contractor, even though they also say they envy being one. The main reason being the insecurity. So, I see the biggest fear or obstacle for individuals to become a consultant or contractor is the “lack […]
Deren Hasip – Bloor West Village Mortgage Broker at Mortgage Scout
Biography Toronto (Bloor West Village / High Park) mortgage broker, Deren Hasip is someone I met around 20 years ago during a 24 hour relay charity event for Easter Seal Kids. We recruited 20 people, raised a couple thousand dollars. It was an all around fun time. Those were the days when I could […]