
Client is 55, single, and behind on retirement savings. A case-study in pre-retirement mortgage planning.
I have a client - let's call him Ted - who recently reached out to me to do some mortgage planning.
Posted by Chris Richards on May 5, 2022 11:16:57 AM
I have a client - let's call him Ted - who recently reached out to me to do some mortgage planning.
Posted by Chris Richards on Oct 25, 2016 9:29:42 AM
New housing mortgage policies are coming into effect (again) and leaving many Canadians unclear about how their finances have been affected. The Government of Canada is introducing these new rules in two phases. This article is a quick summation of how you may have been affected. First, however, to understand the new rules it is important to understand the classification of mortgages and the previous rules.
Posted by Chris Richards on Jan 26, 2016 2:10:49 PM
I received a call from a prospective client the other day trying to figure out how to purchase and mortgage finance a property in Tulum, Mexico. He and his wife's goal was to purchase a property just south of Cancun for their ultimate retirement in 15 years. Meanwhile, they would rent it out and the question was, can the mortgage interest be tax deductible on a foreign investment property?
Posted by Chris Richards on Aug 10, 2015 5:30:00 PM
When Shauna and Gerry called me, they were paying almost $2000/mo rent + utilities and desperately wanted to buy their own home and quit paying rent, but just couldn't seem to get on track for a mortgage approval. Now they are interviewing prospective tenants.
Posted by Chris Richards on Jul 7, 2015 9:42:41 AM
About this blog
Our Richards Mortgage Group blog is a wealth of information for anyone looking to apply for a mortgage to purchase or refinance a property. Browse through the articles and find the topics that are most useful to you in your home mortgage information search. Find out if You Can Get a Mortgage here.
Richards Mortgage Group
73 Riverview Circle
Cochrane, AB T4C1K3
T: 587.774.6290
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