Do you think that creating a will is only for someone who is too old and might die soon? If so, you are absolutely wrong. If you ask any professional estate lawyers Barrie, they will say that irrespective of your age or financial status, you must create your last will.[Read more…]
By: ANNA DANAJ
Consider the following typical scenario in today’s real estate market: A young husband and wife wishes to purchase their first home and quickly find a great mortgage with an attractive interest rate. Unfortunately, the young couple does not have enough income to purchase the home on their own. The mortgage broker advised adding the husband’s uncle as a Guarantor on the mortgage. A Guarantor is an individual who pledges their own assets to a lender in case the borrower’s defaults on their mortgage.
It is not uncommon in our globalized society to know of someone who spends the majority of their time working or traveling outside of the country. Although this type of lifestyle may seem adventurous and sometimes envy-inducing it can pose some issues when it comes to matters involving real estate and property. [Read more…]