Christina Pentlichuk’s Blogs

The Smith Manoeuvre Debt is pretty much a given for most Canadians. But do you have the wrong kind of debt? The wealthy have debt too. The difference is that they turn their loans into “good debt” by making the interest tax-deductible with the help of accountants and lawyers. So, while the wealthy are transforming their

How To Keep Your Credit Score Sparkling Give Your Credit Score a Super Boost!  When purchasing a home, your credit score plays a significant role in the interest rate you may qualify for. Not only that, but it also may determine if you are approved for a mortgage or declined.  It’s frustrating for you to

Banker Vs. Broker: Do You Know the Difference? Question for you: Did you work with a banker or a broker for your last mortgage?  We may have already done business together, and you may understand the difference between a banker and a broker. Even so, this might be worth a quick refresh in case you

The Pitfalls Of Mortgage Portability “Is my mortgage portable?” is a frequently asked question.  The answer is probably yes. “Is it easy to port my mortgage?” is a question that should be asked frequently but isn’t.  And the answer is probably not!    What Is Porting A Mortgage? When selling your existing home and buying something else,

Co-Ownership There’s lots of talk about co-ownership in Canada these days – it’s one way of resolving the challenges of affordable housing and getting more people into a position of owning a home (or at least a portion of a home). Here’s what you need to know about co-ownership and how it might affect you.

5 Common Mistakes If there is one piece of advice I give out all the time, it’s to remind my clients that your mortgage pre-approval is conditional. It’s based on a snapshot of your current financial situation – so my job is to help you make that snapshot look as good as possible! A few

Closing Costs Before you purchase a home, you need to be aware of expenses that are over and above the selling price of your house.  These expenses are called closing costs, and they usually come in at around 1.5% – 2.5% of the total purchase price.  I want you to be prepared and not encounter

The Best Payment Frequency Option for Your Mortgage Your mortgage payment amount is set in place by the lender, but you get to decide how often you make your mortgage payments.  For new homeowners who are used to paying monthly rent, it may come as a surprise that there are actually different options for payment