“Coles Notes” On A TFSA

Tax Free Savings Accounts were created in 2009 as a way for Canadians to invest for their future. With the latest change in Government,  Canadians can now contribute up to $5,500 per year in their TFSA. Here is what you need to know about a TFSA: 1) You are allowed to contribute up to $5,500 per year to an account. If you have not contributed previously you can contribute up to $46,500 into a TFSA in 2016. 2) A TFSA is not your typical "savings account". Many people are under the as...

Divorce…the seven letter word that feels like a four letter word!

So you’ve come to the point in your life where you are one of the statistics; you’re getting divorced. Divorce is never easy but with the right attitude, and some planning, you can minimize the stress and pain it inflicts on you and your family. Debbie Shawn of Divorce Matters suggests that the most important piece of advice she can offer is to remember that while you may be ending your marriage it is virtually impossible to end the relationship with your spouse. There will always be mome...

The Times They Have Changed

Andy MacDonald logo small
A decade ago money seemed to be falling from trees. If you had a pulse and could fog a mirror you could qualify for a mortgage in North America. The US housing market was booming and Canada was following in its footsteps. American lenders were in Canada growing their subprime mortgage business and the big banks were extending amortization periods and actively growing their portfolios with folks who could not prove their income. A decade later, the US housing market has imploded on itself ...

Testimonial: Heather Otton

Best Mortgages Toronto
I was shocked to discover that after 2 years of complicated divorce litigation, and finally settling everything, that my bank would not allow me take over my existing mortgage. This is after having a mortgage with this same bank for 15 years and having paid it on my own for many years (with their knowledge), having exceptional credit, and always being employed.I contacted Andy MacDonald for advice and to see what my options were. Andy's knowledge and professional approach are impeccable. While m...

Testimonial: Debbie McCue

Mortgages Oakville
I found Andy to be extremely patient and responsive to my multitude of questions about the fee schedules and returns of Mutual Funds, RRSP’s, RESP’s, and Tax Free Savings Accounts. My experience over the years has been that big banks and many financial advisers evade fee questions and are either unwilling or unable to answer my questions in layman’s terms. Andy helped me to understand my options and decide what would be best for me for my investments, and I would highly recommend him to anyone l...

Testimonial: Jackie Morra

Pickering Mortgages
Just wanted to say thank you to Andy for giving great advice and options that you won’t usually get from the banks or much place else for that matter. He takes the time to understand your needs and gives advice you can understand and use to make the best decision for your situation. Thanks a lot!Jackie MorraPickering, Ontario

Testimonial: Lisa Blunt

Oakville Mortgages
Andy helped my husband and I with our first mortgage. With low taxable income, and Chip’s new credit in Canada, we were not the easiest situation to market to a bank! We completely trusted Andy, and he found us a mortgage that worked perfectly for us. We are already working with Andy again on a mortgage for our upcoming home purchase. He’s the best!Lisa BluntOakville, Ontario

Testimonial: Jerome Reid

Best Mississauga Mortgage Broker
Among my friends and co-workers I have become know as the “go to guy” for real estate related information (i.e. agents, appraisers, lawyers, mortgage brokers, property managers, etc.). The geek in me enjoys researching and following-up on real estate info and professionals. Only select friends and acquaintances get my researched referral information. I do it not for money but because I remember how frustrating it was meeting a lot of “sharks” out there when I was preparing to build my “power tea...