Do you think that creating a will is only for someone who is too old and might die soon? If so, you are absolutely wrong. If you ask any professional estate lawyers Barrie, they will say that irrespective of your age or financial status, you must create your last will.
[Read more…]Think Twice Before Agreeing to go on Title for your Family
IT PAYS TO BE NICE…
By: ANNA DANAJ
Consider the following typical scenario in today’s real estate market: A young husband and wife wishes to purchase their first home and quickly find a great mortgage with an attractive interest rate. Unfortunately, the young couple does not have enough income to purchase the home on their own. The mortgage broker advised adding the husband’s uncle as a Guarantor on the mortgage. A Guarantor is an individual who pledges their own assets to a lender in case the borrower’s defaults on their mortgage.
One Size fits all does not apply to a Power of Attorney
By: ANNA DANAJ
It is not uncommon in our globalized society to know of someone who spends the majority of their time working or traveling outside of the country. Although this type of lifestyle may seem adventurous and sometimes envy-inducing it can pose some issues when it comes to matters involving real estate and property. [Read more…]
Are reverse mortgages advisable?
What is a reverse mortgage? They are pushed as the ideal solution for cash-strapped seniors. Companies advertise that if you are a Canadian homeowner over the age of 55, you can get up to 50% of your home’s value through a reverse mortgage. You will not be required to make any payments towards the principal or interest during your lifetime or for as long as you own the home; the mortgage is paid from the proceeds of the home’s sale.