Category: Mortgage

A man showing his credit card
Mortgage

Can You Pay Mortgage with Credit Card?

Exploring innovative methods for managing mortgage payments has become increasingly important. With credit cards offering convenience and potential rewards, it is tempting to use them to cover significant expenses like mortgage payments. However, exploring this practice uncovers various factors to

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A money you can get from a reverse mortgage
Mortgage

How Much Money Can You Get from a Reverse Mortgage?

Ensuring financial stability during retirement is a top priority for many individuals. However, it’s surprising that the concept of reverse mortgages remains largely unexplored by the majority. Recent data indicates that just 2.11% of Canadian homeowners plan to consider reverse

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A man discussing to elders
HELOC

Reverse Mortgage vs. HELOC (Home Equity Line of Credit)

In Canada,  a HELOC is frequently considered the closest alternative and is deemed preferable to reverse mortgages. Nevertheless, selecting the right option is not a straightforward task. To ensure the best decision, you must weigh all aspects, including the less

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Mortgage

How to Calculate Mortgage Payment?

Online mortgage payment calculators are an invaluable tool providing a fast and effortless means of determining your potential mortgage payments. These calculators effortlessly churn out the figures you need with just a few clicks. Yet have you ever wondered how

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a mortgage refinancing loan application that has been approved
Mortgage

How Soon Can You Refinance a Mortgage in Canada?

Lenders usually recommend waiting at least six months to a year after obtaining your original mortgage before refinancing. This time allows you to establish a solid payment history and build equity. However, individual circumstances vary, and factors like interest rates,

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a mortgage broker calculating how much mortgage can the client afford
Mortgage

How Much Mortgage Can I Afford in Canada?

The pursuit of homeownership often sparks the common question, “How much mortgage can I afford in Canada?” Contrary to certain misconceptions, seeking a mortgage can be a prudent move. The key often lies in securing an advantageous rate through tools

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