Buying real estate is typically one of the soundest and most important financial decisions you will make in your life, but before you erect the white picket fence and plan your house warming party, it is important to do your homework before you buy your dream home. The recent Ontario Superior Court of Justice case of Brown v. Cassidy, 2016 ONSC 5446 serves as a good teaching tool for buyers of real estate. The Browns purchased a bungalow privately from the Cassidys in Forest, Ontario which turned out to contain an extensive amount of mold, water leakage problems and issues with the rear deck totaling more than $85,000 in damages. The Browns sued the Cassidys, but the Court dismissed the case citing the doctrine of caveat emptor otherwise known as “let the buyer beware”. Let’s look at what went wrong for the Browns and how you can avoid making the same mistakes. Read More…
As consumers, we shop around for everything. When we shop, we look for the best prices, the best options, the greatest convenience and the highest quality. Have you ever shopped around for your Mortgage Insurance? Your mortgage may already be insured by your lender and this may not be the ideal solution for you and your family. Take the time to consider the type of mortgage insurance that best meets your family’s needs.
Look at the many benefits of mortgage insurance through an insurance company not offered by your mortgage lender.
- Coverage cannot be cancelled by anyone but you.
- Coverage amount is based on ALL your needs, not just the mortgage.
- Coverage amount does not decrease over time.
- Benefit amount is paid to your beneficiary instead of the lender. Your beneficiary controls how benefits will be used based on their needs at the time.
- Your insurance stays with you even if you change mortgage lenders.
- Coverage is unaffected by change in health.
- Premiums are guaranteed and the premium is based on underwriting, so if you are healthy and/or a non-smoker, you may qualify for reduced premium rates.
Covering your mortgage through a traditional life insurance policy can give you and your loved ones simplicity, more benefits and greater flexibility over group mortgage insurance offered by most lenders. Are your family’s needs protected in case of premature death? All it takes is one phone call to find out! Give us a call or send us an e-mail for more information and we’ll show you how.
It’s with great pleasure that we introduce our newly designed website. With super easy navigation, easy to read print and on-line access to your portfolio we hope you will visit often. The Adams’ Minute will keep everyone informed about current economic and financial developments as well upcoming community events. If you have an event that you would like us to help publicize let us know. We also encourage you to like Adams Financial Group on Facebook where we frequently update our posts in a fun and very light hearted manner.