Mortgage Archives - The Outlier Model

Why You Shouldn’t Buy a Huge Home

Chonce Maddox / February 15th, 2017 / 3 Comments

Buying a home can be an exciting milestone and it’s often associated with the ‘American Dream’. Not everyone desires to become a home owner but for those who do, buying a big dream house may be seen as the end goal along with a major status symbol. Personally, I think big houses are overrated and some people tend to bite off more than they can chew when they purchase a home that is...

Posted in: Home Tagged with: buy a home, homeownership, Mortgage

How to Get Ready to Purchase a Home

purchasing a home, homebuyer tips, homebuyer advice

Chonce Maddox / January 18th, 2016 / No Comments

Lately I’ve been thinking a lot about purchasing my first home. I have plans to get into real estate before buying my dream home and would love to get the ball rolling soon. The only hold up is there are quite a financial factors holding me back. I’ve realized that purchasing a home is not the simplest process and it takes a ton of preparation. If you find yourself in a similar boat, here are 4...

Posted in: Home, Money Tagged with: homebuyer, Mortgage, purchase a home

Updates: September 2-8

CF / September 8th, 2012 / 13 Comments

It’s been a busy, busy week here in Vancouver. Brian has actually been away (returning today!) and I have been juggling all the blog stuff. So if you haven’t seen your comment approved or you haven’t been acknowledged on the mayhem that is Twitter, you can blame it on me… in turn, I shall blame it on Brian for abandoning me this past week. 😉 Indeed, even the cat decided...

Posted in: Weekly Updates Tagged with: community garden, consumerism, cycling in Vancouver, entrepreneur, income, Lower rate mortgage, Mortgage, peak happiness, refinancing a condo

Net worth update 2010

income tax refund, tax refund, extra money, Net worth update , net worth, financial success, financial health

Brian / February 8th, 2011 / 2 Comments

In terms of overall financial health, your net worth is a great indicator of overall success. To calculate your net worth, add up all of your assets (things that are worth money) and subtract your debts (loans, etc). 2010 was the first complete year that both CF and I kept track of our net worth on a monthly basis. At first, adding up all of my assets and debts seemed like a big task. Now, I enjoy...

Posted in: Money Tagged with: assets, debt, loans, Mortgage, net worth, paying off debt, RRSP, TFSA