Ask David

Parents co-sign mortgage, Replacing old carpet

Dear David, We are five years from retirement and our house is paid for. Our son just asked us to co-sign a loan so he can buy his first home. Is this a risky move? – PROUD PARENTS DEAR PARENTS: I suspect requests like these from young adults will become increasingly common as housing prices

Read More »
Ask David

Help for First time Buyers, Selling a rural property

Dear David, We’re ready to start looking for our first home. We want to purchase in next 3 to 6 months. We have a 5 percent down payment saved but are not sure where to go from here. – NEW TO THE MARKET DEAR MARKET: Congratulations on your decision to buy a home. Getting a

Read More »
Ask David

Porting a mortgage, what if we overpaid for our house?

Dear David, We’re ready to downsize. We still owe about $80,000 on our mortgage, which doesn’t come due for another 18 months. Would you advise we wait it out before moving? – FREEDOM 55 DEAR FREEDOM: If the time is right or you to downsize, your mortgage shouldn’t hold you back. Assuming you hold a

Read More »
Ask David

Impact of hydro tower, new build condo on fixed income

Dear David, We visited an open house last weekend and really liked the home, but there’s a hydro tower directly behind it. The tower doesn’t bother me, but my husband thinks it’ll make the house hard to sell down the line. What’s your opinion? – WIRED DEAR WIRED: If you were to compare two identical

Read More »