The Burn Your Mortgage Podcast
Shared-Equity Mortgages and the First-Time Home Buyer Incentive with Heather Tremain of Options for Homes

Shared-Equity Mortgages and the First-Time Home Buyer Incentive with Heather Tremain of Options for Homes

October 13, 2019

Heather Tremain is the CEO of Options for Homes, a non-profit condo developer that helps people achieve their dream of home ownership by passing along cost-savings and down payment support. Since joining Options for Homes Heather has become a tireless champion and the national voice of affordable home ownership and its value. She has helped achieve beneficial changes to both public policy and funding in support of this segment of the Canadian housing spectrum.

In my interview with Heather, we discuss what is a shared-equity mortgage and how does it differ from a traditional mortgage, pros and cons of the First-Time Home Buyer Incentive and whether it will help homebuyers in Toronto and Vancouver.

How the Federal Parties’ Housing Plans Stack Up with Ian Lee

How the Federal Parties’ Housing Plans Stack Up with Ian Lee

October 6, 2019

Ian Lee is an Associate Professor at Carleton University in the Sprott School of Business. Prior to being a professor, he was employed at the BMO Main Office Branch (4thlargest in all Canada at that time) as a Loan and Mortgage Manager, lending millions of dollars in mortgage loans.

Over the years, Ian has appeared extensively in the media including CTV, Global News and CBC Radio and TV. Since 2008, Ian has appeared by invitation before House of Commons and Senate finance, banking, industry and trade committees 25 times concerning public policy debates. He has been invited by Global TV to attend every federal budget lockup as one of their expert witnesses since 2008.

In my interview with Ian, we discuss the housing plans of the Conservatives, Liberals and NDP in the 2019 federal election. Topics include the 30 year amortization, mortgage stress test, First-Time Home Buyer Incentive and foreign buyers’ tax.

The Journey from Renter to Homeowner with Janine Rogan

The Journey from Renter to Homeowner with Janine Rogan

September 15, 2019

Janine Rogan is a passionate finance professional and CPA. She’s the founder of JanineRogan.com and runs her own YouTube channel. Over the years she has dedicated countless hours to sharing her knowledge through writing and speaking, and she’s passionate about educating individuals and businesses about their money.

Janine’s also the host of the Pink Tax Podcast, a no-nonsense podcast tackling all things finances and feminism.

In my interview with Janine, we discuss preparing ahead of time to buy a home, planning for a move and what it’s like going from being a renter to a homeowner.

How to Successfully Implement the Smith Manoeuvre with Ed Rempel

How to Successfully Implement the Smith Manoeuvre with Ed Rempel

September 7, 2019

Ed Rempel is a fee-for-service financial planner and tax accountant, as well as a popular and passionate blogger. He has written hundreds of articles to educate the public on his unique insights and strategies that actually work, instead of the “conventional wisdom” common in the financial services industry and the media. He is an expert in many financial strategies, including the Smith Manoeuvre.

In my interview with Ed, we discuss managing risks of the Smith Manoeuvre, tax issues you need to be aware of and what happens once your mortgage is paid off.

Budgeting Hacks to Burn Your Mortgage Sooner with Gordon Stein

Budgeting Hacks to Burn Your Mortgage Sooner with Gordon Stein

September 1, 2019

Gordon Stein is a personal finance keynote speaker and author of the bestselling Cashflow Cookbook - a unique personal finance book that offers an approach to help readers add millions of net worth with minimal effort and sacrifice. The book has become a Toronto Star column and his talks are in high demand.

In my interview with Gordon, we discuss simple ways to save on the ongoing expenses of homeownership, factors to consider (besides just the rate) when shopping for a mortgage and good DIY home repairs to tackle on your own (and when to call in the pros).

Everything You Wanted to Know About Credit and Mortgages with Chantel Chapman

Everything You Wanted to Know About Credit and Mortgages with Chantel Chapman

August 11, 2019

Chantel Chapman is a Millennial Money and Credit Score Expert with a background in the mortgage industry. She was a mortgage broker for over a decade and has been teaching financial literacy for 10 years.

Chantel is the founder of W-T-Finances, financial literacy and advice for millennials looking to get their money right. W-T-Finances is backed by science-based research in addiction and behaviour to explore how consumerism and mental health are linked to money problems.

In my interview with Chantel, we discuss the 5 main factors that affect your credit score, some common misconceptions about credit scores and the best tips for improving your credit score.

The Changing Housing Needs of the Sandwich Generation with Alan Whitton

The Changing Housing Needs of the Sandwich Generation with Alan Whitton

August 4, 2019

Alan Whitton aka BigCajunMan has been writing about finance, child disabilities, RESPs and consumerism on his blog Canadian Personal Finance Blog for over a decade. He’s a homeowner in Ottawa who’s married with four kids. He has been featured in the Globe and Mail, the Toronto Star and MoneySense.

In my interview with Alan, we discuss dealing with double digit mortgage rates, why downsizing doesn’t always make sense and the right way to help adult children buy their first homes.

Women in Real Estate: Hustling to Pay Off the Mortgage in 16 Months, and It Wasn’t Just About the Math with Anna Baluch

Women in Real Estate: Hustling to Pay Off the Mortgage in 16 Months, and It Wasn’t Just About the Math with Anna Baluch

July 28, 2019

Anna Baluch is a freelance writer who enjoys writing about real estate and personal finance. She's particularly interested in mortgages, retirement, insurance and investing. Her work can be seen on LendingTree, Credit Karma, Experian, Business Insider and other well-known publications.

In my interview with Anna, we discuss factors to consider when buying a home, how she paid off her mortgage in only 16 months and how to create a third income.

Bankruptcy, Consumer Proposals and Homeownership with Doug Hoyes of Hoyes, Michalos & Associates Inc.

Bankruptcy, Consumer Proposals and Homeownership with Doug Hoyes of Hoyes, Michalos & Associates Inc.

July 21, 2019

Doug Hoyes is the co-founder of Hoyes, Michalos & Associates Inc., one of Canada’s largest personal insolvency firms. In his thirty-year career as a chartered accountant and Licensed Insolvency Trustee, he has personally helped over 10,000 individuals solve their debt problems and rebuild their financial future.

He has appeared before the Senate Banking, Trade and Commerce Committee in Ottawa to give testimony on the impact of bankruptcy legislation on the individual, and serves as an OSB (Office of the Superintendent of Bankruptcy) Oral Board Examiner.

Doug is a passionate advocate for ensuring that people find the right solutions for their debt problems. Frequently interviewed in the media, he has shared his knowledge and expertise on the most common financial myths and mistakes on CBC, Global News, The Globe and Mail, the Toronto Star, Business News Network, The Financial Post, and CTV News.

Doug is the author of the personal finance book Straight Talk on Your Money – The Biggest Financial Myths and Mistakes…and How to Avoid Them available online and in major bookstores across Canada. He’s also the host of the Debt Free in 30 Podcast.

In my interview with Doug, we discuss the pros and cons of filing for bankruptcy and a consumer proposal, what happens to mortgage debt when you file for bankruptcy or a consumer proposal and how to use a home equity line of credit (HELOC) in a responsible way.

Women in Real Estate: Acquiring 20 Rental Units While Working Full-Time and Being a Mom of 3 with Anna Belov

Women in Real Estate: Acquiring 20 Rental Units While Working Full-Time and Being a Mom of 3 with Anna Belov

July 15, 2019

Anna Belov is a successful investor with a cash positive real estate portfolio in Ontario, Canada. When Anna and her husband both lost their jobs in 2012, they were determined to take control of the situation and build a safety net for the future so that they would never have to worry about living from paycheque to paycheque. In under five years, Anna acquired 20 rental units while working full-time and being a mom of three.

Anna is the author of the book, Just Over Broke? How to Invest in Assets and Eliminate Liabilities – the sincere Canadian blueprint to escaping paycheque-to-paycheque life.

In my interview with Anna, we discuss how she went from being broke to owning 20 rental units, investing mistakes she made and how she got past them and strategies for someone who’s starting to invest in real estate today.