The truth is, all lenders know this and rarely offer their best rate or terms at the onset of negotiations. And that is exactly what a mortgage renewal is, a negotiation.
If you’re looking to buy a new property, refinance, or renew an existing mortgage, chances are, you’re considering either a…
Canada-U.S. Tariff Tensions: What You Need to Know Starting February 1, the U.S. has imposed a 25% tariff on Canadian…
The Bank of Canada has just cut the overnight lending rate by 0.25%, bringing the prime rate down to 5.20%, effective immediately. While this rate cut is helpful today, there’s a growing risk that U.S. tariffs on Canadian goods could trigger inflation, forcing the Bank of Canada to raise rates again.
In today’s market, many homeowners are paying more than they need to on their mortgages. If your current interest rate is over 5%, you could be overpaying significantly. By breaking your mortgage and refinancing at a lower rate, you may save a substantial amount of money.
Your downpayment refers to the initial payment you make when buying a property through mortgage financing. A downpayment is always…
It doesn’t matter if you are looking to purchase your first home, your next home, or your twentieth home; typically…
With the latest stats claiming that about half of marriages end in divorce and with around three-quarters of Canadians being…
Consumers can expect a gradually building momentum in the housing market in 2024, with a focus on the anticipated relief from higher interest rates. It’s a step-by-step journey, and we’ll be walking a bit more before experiencing a more active pace.
If you’re relatively new to the world of mortgage financing, the term “second mortgage” might cause a bit of confusion;…
As a mortgage professional, I’ve been receiving a lot of questions lately about what I think interest rates will do.…
A no-frills service or product is where non-essential features have been removed from the product or service to keep the…
The Economic Club of Canada, a respected platform for non-partisan dialogue among notable thought leaders, held its annual outlook breakfast…
No secret here, divorces are challenging, there are a lot of things to think about in a short amount of…
Alternative lending refers to lending practices that fall outside the normal banking channels. These are lenders that think outside the…
What Happened on Wednesday? Yesterday’s Bank of Canada’s announcement was the quintessential ‘expect the unexpected’ The daily activity on my…
That is what the Bank of Canada stated is a possibility a few weeks back at press conference. Mortgage payments…
Although it’s ideal to have your mortgage paid off by the time you retire, that isn’t always possible in today’s…
You’d think an online calculator is a pretty straightforward device, one that you should be able to place your confidence…
If you’ve been thinking about selling your existing property, for whatever reason, it would be in your best interest to…
Thinking about buying a home with a rental suite? This can be a great idea if you want to help…
Although getting a mortgage is exciting as it allows you to become a homeowner, a mortgage is, in fact, a…
Chances are, if you’re applying for a mortgage, you feel confident about the state of your current employment, or your…
This should come as no surprise, but sometimes life throws you a financial curveball. Bankruptcy and consumer proposals happen. It…
When arranging mortgage financing, your mortgage lender will register your mortgage in one of two ways. Either with a standard…
If you have a variable rate mortgage, and recent economic news has you thinking about locking into a fixed rate,…
It has been said that there are two certainties in life; death and taxes. Well, as it relates to your…
Mortgages are a funny thing. On the one hand they allow you to become a home owner without saving up…
Let’s say you have a home that you’ve outgrown, it’s time to make a move to something more suited for…
If you’re looking to do some home renovations but don’t have all the cash up front to pay for materials…
So you’re thinking about co-signing for a mortgage? Okay, do you really know what that means do you know what…
If you’ve missed a payment on your credit card (or line of credit) and you’re wondering how this will impact…
As part of the mortgage and real estate processes, there’s a lot of confusion around the differences between the deposit…
As simple as porting your mortgage! Said by no one ever. The truth is, there is nothing simple about porting…
If you’ve been thinking about buying a property, whether that be your first home, next home, forever home, or a…
If you happen to be going through, or considering a divorce or separation, you might not be aware that there…
If you have no desire at all to qualify for a mortgage, here are some great ways to make sure…
We are all potential victims to it and it’s important you are aware of what’s out there and happening in the market more than ever.
This government-backed program might help you in the quest to buy your first home.
Always wondered how your credit score is made up? Why sometimes it is lower? Why sometimes it is higher?
A common question that has a quick answer for those wanting to know.
With rates at historic lows and real estate values increasing now is an ideal time for those much needed cottage renovations.
If anything Covid-19 has taught us is that life truly is variable. Maybe your mortgage should be too.
A hybrid approach to your next mortgage may be the right choice given today’s environment.
(Video) This story has an unexpected twist that might have you wondering how you can do the same.
A one-stop article all things related to mortgages and the Covid-19 Pandemic plus much more.
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