MY TORONTO by SHAWN VENASSE - Sales Representative

Some people consider a house payment as basic as monthly utilities but with a plan and some discipline, you can be mortgage free. Consider a person borrowed $300,000 at 3% for 30 years, the principal and interest payment would be $1,264.81 and at the end of 12 years, the unpaid balance on the mortgage would be $210,900. If that same person had financed the home on a 15-year term at 2.5%, the payments would have been $2,000 but the unpaid balance at the end of 12 years would be $69,310.   The homeowner will have a larger equity but they have also had to make higher payments. 15-year mortgages usually have a lower interest rate than the 30-year loans and at the time this article was written, the difference in a 30-year loan was about 0.5%.   A 15-year loan gives the lender their money back in half the time.   If rates go up during the interim, they will be able to loan it at the higher rate sooner.   For that reason, they are usually willing to offer a slightly lower rate on the sh

SHOULD YOU KEEP YOUR RADIATOR SYSTEM? Do you have an older heating system - specifically a hot water heating system utilizing a boiler and radiators strewn throughout your house. Although there is no question that this system can work, is it the most efficient? Is it fulfilling your needs? Is there perhaps a better system? Or, could it be the best system in the world for heating -- but maybe yours just needs some tweaking. All these questions answered and more in my following blog post. Read on and find out! Radiators have been around for a long time and are a staple of many heating systems, especially in older homes. They often provide heat throughout the winter at a lower energy cost than some other heating options, since true to their name they allow heat to passively radiate into the surrounding air. Unfortunately, some older radiator systems can require a lot of maintenance to keep in service year after year and may not be the best at providing even heat in your home. Because of t