Renew your Mortgage with Ottawa Mortgage Broker: Capital Mortgages

Top Reasons to Declutter your Home Now

Decluttering, simplifying, clutter-cleaning, living simpler – whatever you want to call it – seems to be all the rage in our modern age. The reason for this is simple – decluttering comes with several huge benefits for you and your family.

The whole problem with clutter is that it is the main effect of consumerism. We tend to gather as many goods and assets as possible, even though we might not need them all. Once our basic human needs are met, we tend to get to the next level and spend money on unnecessary objects. Whether it’s jewelry we are not wearing, miscellaneous objects, new outfits or extra sofas, all this clutter creates additional emotional and mental stress in our lives.

Decluttering your home is the surest way to put an end to all the stress and frustration that you feel when you don’t find your stuff or when you are wasting time navigating through all the unnecessary items in your house.

Here are four reasons why you should think of starting the decluttering process as soon as possible:

1. More Spacious Home

Obviously, the main benefit of decluttering is that you won’t have to stress about the lack of storage space. Additionally, you will be able to remodel each room according to your tastes and save even more space.

2. No More Physical Stress

A cluttered home creates a huge amount of physical stress on your family. Clutter makes you waste a lot of precious time trying to navigate everything in your home. Decluttering protects you from all that extra physical stress.

3. Easier to Prepare for a Trip

Another huge benefit of a decluttered home is that it takes much less to pack for your next trip. You will only have to pack the clothes and items you love to wear. No more spending extra time sorting through the dozens of outfits available.

4. More Time to Focus on Those Pressing Matters

The energy you consume by navigating through the clutter and the mental strain clutter puts on your mind can make you fall into the bad habit of procrastination. When everything is at arm’s reach in your home, you have more time to focus on dealing with the daily chores. In simpler terms, you make your life easier, and you feel empowered to get through the day.

Buying a New Home: Capital Mortgages Ottawa

The 5 C’s of Credit – What you need to know

We all know just how difficult it can be looking for the right property. Particularly in Canada, a wide range of Canadians are completely unaware of what you must consider before buying a property. It is without doubt that credit is an important factor however a lot of Canadians find it difficult to understand what this entails. In fact, credit involves a variety of different categories which is known as the five C’s of credit.

Lets discuss the five C’s of credit and what each of them represent in order to give you a better understanding of what you must keep in mind while looking for a property.

Credit is based around a variety of categories, these include;

1. Credit – It is no surprise that the first important piece is of course, credit. This particular factor is used to give the lender an idea on what the borrowers’ history is in terms of repayment. Credit is extremely important for the lender as it is the only way they are able to learn if the borrower is reliable or not.

2. Capacity – Capacity refers to the ability of repaying loans. Capacity is without doubt just as important as credit as it will allow the lender to look at the borrowers’ debt ratios including any payment history that has been made. These two points will show the lender if the borrower will be able to repay a loan or not.

3. Capital – This relates to how much money the borrower has invested into a property. The overall capital will allow the lender to see how much money you are willing to spend in a property and as a result, the lender can make a valuable decision.

4. Character – This particular factor relates to the borrower and if they can in trusted in terms of repayment. Areas such as the borrowers’ savings account as well as length of employment will help determine whether the borrower can be trusted to repay the loan.

5. Collateral – The last remaining C in credit is seen as a security blanket to the lender you could say. Collateral is used to include outside parties to ensure the loan will be repaid. A lot of the time if the borrower is unable to pay the loan back, the outside party must repay the loan.

Overall, the whole aspect using credit is to ensuring you receive an approval from the lender. Each of the C’s that are described above will allow the lender to fully understand and examine whether you are fully capable to repay the loan. As long as you are aware of what the lender is looking for then you should have no problem in getting a yes.