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Should I Switch to a Fixed Rate Mortgage? A Practical Guide

Getting a mortgage can be one of the most significant financial decisions you will ever make. Landing on a decision you’re confident in can be tough, especially if you don’t have the vital information you need to make an informed...

May 31, 2023

Mortgage

How Much Money Can You Get from A Reverse Mortgage?

Many Canadians believe they will be financially secure and carefree once they pay off their mortgage. Even as a homeowner, you may not have the cash needed for day-to-day expenses or to do the things you want. A reverse mortgage...

May 30, 2023

The Difference Between Reverse Mortgage and Home Equity Loan: Which is Better?

Home Equity Loan Mortgage

The Difference Between Reverse Mortgage and Home Equity Loan: Which is Better?

As Canadians reach retirement age and beyond, they often wish to remain in a familiar setting that offers comfort and security – their homes. Unfortunately, increasing living costs and rising home maintenance expenses make this more difficult for many to...

May 30, 2023

Mortgage

Can a Bank Deny Mortgage Renewal Canada? Your Questions Answered

When mortgage terms end, most borrowers decide to renew them. But what if a bank denies your mortgage renewal? Don’t panic – there are viable alternatives for you that we’ll cover in this article. On December 7th, the Bank of...

May 30, 2023

Mortgage

A Definitive Guide to Porting a Mortgage in Canada

Moving from one home to another is an exciting time for any homeowner. Unfortunately, terminating your mortgage contract before its term ends can be a challenging financial burden to overcome. However, there are options that can help! For example, transferring...

May 30, 2023

Second Mortgage Calculator: How Much Can I Borrow?

Home Equity Loan Mortgage

Second Mortgage Calculator: How Much Can I Borrow?

Second Mortgage Calculator: How much can I borrow? In 2008 the financial market faced a crisis, and the property market was also under the crash. The thing is, the housing market did survive and many people actually came out of 2008 wealthier because...

February 15, 2022

Appraisal for Refinancing | Key Insights Explained

Mortgage

Appraisal for Refinancing | Key Insights Explained

In 2020, historic low mortgage interest rates led to a 13.3% increase in mortgage renewals, amounting to $20 million in loans in Canada. Despite this opportunity, many individuals missed out on favorable rates. This trend continues today. Refinancing is a...

February 3, 2022

Mortgage

Banks Who Will Approve A Bad Credit Mortgage in Ontario

There are several mortgage lenders and banks who will approve a bad credit mortgage in Ontario. Bad credit is no stranger to many folks, and nearly 20% of Canadians have an “extreme” or “bad” credit score. This makes it difficult to get...

February 2, 2022

Second Mortgages Explained: Understanding the Process

Home Equity Loan

Second Mortgages Explained: Understanding the Process

Securing a second mortgages without income proof or employment verification is more accessible than you might imagine. Facing financial constraints? Opting for a second mortgage could be the answer to ease your monetary worries. Although it might seem counterintuitive when...

January 5, 2022