Mindblown: a blog about philosophy.

Mortgage lenders are shifting away from third-party processors due to high costs and limited operational control. While outsourcing can streamline tasks, the complexities and expenses often outweigh the benefits. The trend is moving toward direct servicing to maintain better control and reduce operational costs. Continue to full article

Owning your dream home is a fulfilling milestone that can feel out of reach due to financial concerns and complex processes. This guide outlines 10 essential steps to simplify the journey to homeownership: 1. Visualize your dream home. 2. Assess your financial health. 3. Establish a budget. 4. Save for a down payment. 5. Get…

To recession-proof your home, build a robust emergency fund covering 6-12 months of expenses, reduce high-interest debts, and consider strategic refinancing only if it lowers payments. Maintain at least 20% home equity to avoid being underwater if prices drop. Generate income by renting unused space and focus on cost-saving, high-ROI home improvements. Stay current on…

Saving for a down payment is crucial for homeownership. In Canada, minimum down payments vary by home price, with 20% often preferred to avoid mortgage insurance. Saving strategies include cutting expenses, using high-interest savings accounts or First Home Savings Accounts (FHSA), and planning for the Home Buyers’ Plan to borrow from RRSPs. For short-term goals,…

54% of Canadians plan to buy a home in the next five years. Homeownership requires commitment, financial readiness, and clear motivation. Key steps include assessing if owning suits your lifestyle, improving finances, saving a down payment (5%-20% depending on price), exploring government programs, setting a realistic budget, getting mortgage pre-approval, and working with a full-time…