Invest It Wisely

Maximizing your EV in life

Don’t Get Suckered by the Banks: How Much Can You *Really* Afford to Spend on a New Home?

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When you go to the bank to look at getting a mortgage pre-approval, they will often quote you a ridiculous figure as the maximum amount you can borrow. This number is usually based on a simple metric, such as “debt payments should be no more than 40% of income”. Such simple metrics can lead to… [Read More]

Purchasing Your First Home: Questions and Decisions to Consider

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I’ve recently talked about some topics related to housing, such as the advantages and disadvantages between a house and a condominium, as well as the difference between a variable-rate and fixed-rate mortgage. I must admit that my interest was more than just academic, as I now have a personal stake in the matter as well:… [Read More]