By Farhana S. Nurani, Barrister & Solicitor, Associate

It is not unusual for a family member to co-sign or guarantee a mortgage. However, there is a difference between co-signing a mortgage and guaranteeing one. For this topic, we will be focusing on co-signing a mortgage loan. Typically, where a parent has co-signed a mortgage for a child, it is not the intention of the parent to move into the property or be responsible for the property, payment of the mortgage or to benefit from the equity when the property is sold. However, whether the co-signer is a family member or a non-family member, a co-signer is an equal partner with the other borrower(s) on the mortgage. A co-signer signs mortgage documents, is registered on title and is responsible for the payments on the mortgage. However, there is often an understanding that the co-signer will not be making the payments. Before agreeing to a co-sign a mortgage or have someone co-sign a mortgage for you, here are a few things to consider:

Raising kids is expensive. It is always great to find stuff for kids to do that is free or discounted in Edmonton. Here is a list of what we found that you can do with your kids for free or low cost:

By Spencer Sharpe

If you’re a busy professional you’ve seen it everywhere, the benefits of exercise for stress management. This, however, isn’t about the science of it because if it was as simple as that you’d be using exercise more effectively. Information is great, and it’s all a Google search away but it’s useless if it’s still not being used. What you need so you can continue to thrive in business, grow personally and professionally, and gain massive success is the wisdom about how to use it.

We have a dedicated team here at Quickfire Mortgage Solutions. Learn who makes up this team and how we can help you with all your mortgage needs.