Put the ROI Back into RenOvatIons

Put the ROI Back into RenOvatIons

Put the ROI back into Ren-Ovat-Ions. Some PMG clients bought a house not too long ago and have been slowly fixing it up with the intention of selling it and moving into a bigger place.  Their house has around 800 square feet of living space and a very dated kitchen.  We were discussing his plans for the house, and they were having a difficult time making a decision on what to invest in next. The couple had a budget of $25,000 and had two projects left on the horizon: the kitchen and the basement. The kitchen was dated, but functional. The basement was unfinished, but useful as a storage space. Since living space was limited, they proposed that a finished basement might help to open up what...

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OFSI’s New Stress Test

OFSI’s New Stress Test

People have been listening to new jargon like “stress test” regarding mortgages. The government is using new words, which, in my opinion carry very negative connotations. Stress Testing is a practice as old as the woods in lending. It is called “qualifying for your...
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