Samuel Abiola Adenekan - Sun Life Financial advisor

07/07/2021

It’s a common assumption that your mortgage is good as done once you have a mortgage pre-approval. False: just because you have a pre-approval doesn’t mean it will translate into a mortgage.

Why? Simply, no one knows, including yourself what kind of home you’re going to buy. Specific reasons why a property can cause concern:

1. Value of the home
2. Property condition
3. Property specifics
4. Location
5. Condos

Other reasons could be changes in your financial situation. For instance, if you just bought a brand new car or you just recently changed jobs.

When looking for your new home make sure you’re keeping your mortgage agent, advisor and real estate agent in the know. They will help keep you as fully informed as possible when choosing to go in on an offer.

Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. But the truth is a buyer cannot expect a mortgage pre-approval will automatically translate into a mortgage. The lender now needs to consider the property itself, approve all the terms a...

07/02/2021

Mental illness will affect 1/5 Canadians - Don’t let stigma hold you back from seeking help.

Lumino Health shares some of the signs in their article. Learn more here.

How do you know when it’s time to get support from a mental health professional? A clinical psychologist shares some of the signs that you may need therapy.

06/30/2021

I'm excited to announce Sun Life's new multi-year partnership with the Foundation for Black Communities to promote and strengthen health and wellness in Black communities across Canada. This is one way Sun Life is helping Canadians live healthier lives. Learn more here: https://bit.ly/6SLFnews1

06/29/2021

True or false, life insurance is expensive. One of the biggest myths about life insurance is that it’s expensive. Well, it doesn’t have to be. The best option is to get coverage as early as you can when rates are the lowest and you’re in great health. Want to learn more about life insurance? Let’s set up an in-person or virtual appointment today!

Term life insurance is exactly what it sounds like: life insurance that covers you for a set period of time. Here’s how to know if it’s right for you.

06/23/2021

Are you an HGTV buff? All the DIY and homeownership shows are full of great information but they can sometimes offer misleading information. Here are 5 dispelled homeownership myths you’ve probably learned on TV.

Which of these myths was most surprising to you?

From a very young age, HGTV was the foundation for most of my ideas on homeownership. Throw in an exorbitant amount of time designing homes in The Sims, and I had an all-American view of real estate that was largely detached from reality.But thankfully, I also had parents who knew better. My dad, a....

06/19/2021

You think you’re doing okay when out of the blue it hits: a vague uneasiness—a nagging awareness that something isn’t right. You’re waking up in the middle of the night or you’re snapping at people closest to you. Fear, loneliness, uncertainty, it’s all getting to you. If you’re one of the 60% of Canadians who feel the pandemic is negatively affecting their overall mental health, here are some ideas to help you push through.

It’s a vicious cycle. Money struggles can have a negative impact on your mental health. Poor mental health can lead to financial problems. Learn how to manage both.

06/16/2021

An industry first, Sun Life Canada recently announced that Clients aged 18-40 may qualify for up to $5 million in life insurance coverage without lab exams. We are proud to offer this greater flexibility on coverage limits to create a seamless insurance application experience for Canadians.
Learn more in Sun Life’s news release or reach out to me for questions! http://bit.ly/SunLifeNews1

06/09/2021

“Should I rent or should I buy?”: The age-old dilemma that many grapple with when considering what would be the their best living (and housing) situation. Now, with prices at all time highs this question is getting even harder to answer. Simply, “it depends”. Here’s Pattie Lovett-Reid’s take on this question. What’s yours?

Honestly, I hate being asked the question: “Is it better to buy a home or rent indefinitely?” The reason I dislike the question is because my answer is almost always: “It depends.”

06/04/2021

Are the ongoing pandemic restrictions taking a toll on your mental health? Find out how exercise can help you overcome anxiety and prevent depression.

Are the ongoing pandemic restrictions taking a toll on your mental health? Find out how exercise can help you overcome anxiety and prevent depression.

06/02/2021

New homeowners! Are you looking for additional funds to come up with for your down payment? If you have an you can withdrawal all, or up to $35,000, to help purchase your home. Here’s a great scenario to show you how it would work!

05/26/2021

If a home renovation on your rental property is on your to-do list, you may want to make sure that it will add value to the property. Otherwise, it may be down the drain. Remodeling a rental property is a great way to enhance its value, attract more and higher-paying renters. Check out this list of 10 remodeling trends popular this year.

When it comes to home design, there are plenty of exciting ideas for 2021 — but some are better suited to a rental property than others. Whether you’re already lucky enough to already own a US vacation property (and you want to make the most of it) or you’re planning how you might update a …...

05/24/2021

Simply put, permanent life insurance, also known as whole life, provides coverage for your entire life. Your premiums stay the same, regardless of changes in your health. And, your beneficiaries get a tax-free death benefit that they can use as they wish. For example, it can help cover the costs of:

- debt,
- mortgage or rent,
- child-care,
- tuition,
- living expenses and more.

Let’s sit down and discuss if permanent life insurance is right for you.