26 Jul

THE GREAT REAL ESTATE MIGRATION

General

Posted by: Tracy Luciani Price

Living in Centre Wellington today, you have likely either met new people in the community that have ‘migrated’ out of the GTA or other areas in Southern Ontario where real estate values have exploded, or you know people that are ‘migrating’ out of CW to less populated and less expensive areas, due to rapid growth […]

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24 Jul

RENTING-TO-OWN? CONTACT US ASAP!

General

Posted by: Tracy Luciani Price

The rent-to-own concept soared in popularity several years ago. Recently, we’ve had many rent-to-owners who entered into contracts 3-5 years ago coming to us for help. When properly executed, this type of arrangement can be a wonderful thing. For renters who aim to become owners, yet need time to repair credit, establish consistent income or […]

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12 Jul

CO-SIGNER BEWARE: HAVE AN EXIT STRATEGY

General

Posted by: Tracy Luciani Price

We’ve all needed a little help in our lives and those of us who have been fortunate to receive it are (or at least should be) forever grateful. Helping a child, sibling or parent by co-signing for a mortgage or other type of loan can change the trajectory of your loved one’s life. However, it […]

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24 May

COTTAGE DREAMIN’… THE DOMINO EFFECT OF A REFI

Success Stories

Posted by: Tracy Luciani Price

Cottage season has finally arrived and the appetite of wishful cottage owners is hot. We recently helped a couple turn their dream of owning a cottage into a reality, and then some. Long-term clients Al and Lydia approached us a few months ago with their desire to buy a cottage. They had seen our signage […]

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9 May

SURPRISE – WE ARE IN A REVOLUTION

Bank Industry News

Posted by: Tracy Luciani Price

The pace of (technological) change is so fast now that it is considered to be of revolutionary proportion. Much of what we have learned in our lives is about to become obsolete. In fact, much of it already has. For example, our schools teach us to get an education, get a good job, get promoted […]

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2 May

PROPERTY GOES UP 100K IN 1 YEAR!

Success Stories

Posted by: Tracy Luciani Price

Leon bought a year ago.  It was tough for him to break into the market with a sole income, existing debt and a wife and three kids to support.  But with a lot of grit, a great realtor and a very good mortgage broker he found a house that no one wanted.  It was priced […]

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18 Apr

‘COLLATERAL’ DAMAGE

Mortgage Tips

Posted by: Tracy Luciani Price

We have been warning clients for years about bank collateral mortgages but now we are seeing the effects on people’s lives first hand. Collateral damage is a term that means damage that is unexpected, and is no fault of yours. “I had absolutely no idea the bank had tied up $200,000 of our equity,” said […]

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9 Apr

OH MY WHAT A REFI – NEVER BEEN A BETTER TIME!

Refinancing

Posted by: Tracy Luciani Price

With both the resale (it’s a crazy sellers market) and new home inventory for sale in CW so extremely low thus far this year, area residents are turning to refinancing their homes with great zest. Everyone knows that the value of their home has gone up considerably over the last couple of years in particular, […]

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15 Mar

THE TRUTH IS OUT – TRUST LOST WITH LATEST TD BANK FIASCO

Bank Industry News

Posted by: Tracy Luciani Price

The Financial Post reported that TD Bank stock has been downgraded after CBC News reported allegations of aggressive sales tactics and admissions of law-breaking by bank employees last week. Admissions of high pressure sales tactics and unethical practices including “breaking the law with practices such as increasing lines of credit, overdraft protection and credit card […]

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8 Mar

WHY ARE WE CANADIANS, SEEN AS “PREY” TO BANKS?

Bank Industry News

Posted by: Tracy Luciani Price

Finally bank greed has been exposed mainstream. We can only hope this is just the beginning because the pendulum has swung way way too far in the banks’ favour and it’s high time it be stopped. This time it is not just an isolated incident that a bank can sweep under the rug, it’s much […]

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