When you’re buying a new construction home, there are some home upgrades to avoid and skip. The cost of the new construction home is a base price for the structure of the home, and basic finishes. Most home buyers want to add some customizations to… Read More »13 New Construction Home Upgrades to Avoid and Skip
I'm a banking and real estate professional with over 20 years of experience in new home construction, banking, back-office processing and mortgage/lending. I now spend my time educating the public in these areas of real estate and banking.
Did you know new construction homes with walkout basements can dramatically add value to your home? A walkout basement will allow you to rent out the basement of your home. This can bring in rental income; dramatically reducing your out-of-pocket cost of paying your mortgage.… Read More »Getting New Construction Homes with Walkout Basement
The real estate industry in Canada has had an unbelievable year in 2020. Although most of us were hit with a pandemic, the real estate industry in Ontario, Quebec and British Columbia have been beyond hot. We’ve seen real estate prices rise in areas such… Read More »Why Do New Homes Cost So Much in Canada?
When you complete transactions on a banking app, money app or exchange app – the transactions stay within that platform. Financial institutions do not share transactional information about their customers. If you’re wondering, can my bank see my PayPal transaction? The answer is no. PayPal… Read More »Can My Bank See My PayPal Transactions?
A night depository box is a bank secured drop box where business customers and their employees can drop off cash, coins and cheques for processing afterhours. These night deposits are processed by the bank or the secured armored truck service, such as Garda or Brinks.… Read More »What Are Night Depository Services?
When a direct deposit is sent to a closed bank account, it can be re-routed to another open bank account or returned to the sender. Some banks may hold the money in an unpostables account for seven business days before returning the money. Reasons Why… Read More »What Happens if Money Goes into a Closed Bank Account?
Have you wondered, what is an originator identification number? It is a 10-digit unique number assigned to companies and organizations that debit or credit funds through ACH. This unique originator ID is unique to every company that accepts payments. For example, if you are an… Read More »What is an Originator Identification Number (ACH Payments)
Did you recently see a debit or credit in your bank account and wondering what is IND ALL Savings MSP? This is a pre-authorized payment for an Industrial Alliance savings plan that you have setup. It can be for a RRSP or RESP with Industrial… Read More »What is IND ALL Savings MSP?
Our Square One home insurance reviews is an overview of what to expect from this home insurance service. Great rates and best-in-class customer service make Square One a top pick. Currently available in Ontario, Alberta, Manitoba, British Columbia and Saskatchewan, covering: Detached Homes Rowhouses and… Read More »Square One Home Insurance Review