Mortgage Blogs – Tips & Tricks.
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3 CRA Cost Savings Programs
If you’re worried about the cost of buying your first home, you might be interested in several Canadian programs designed to make it easier for first-time homebuyers to get into a new home. Home...
3 reasons to buy a home (and 4 reasons not to)
Buying your first home is one of the largest emotional and financial decisions you’ll ever make, so it’s critical that your decision to purchase a home is an informed one. Do the research, get the...
5 things you need to know about fixed mortgages
A fixed-rate mortgage is pretty much what it sounds like: a mortgage with a interest rate that is fixed. Whereas a variable rate fluctuates throughout the term of your mortgage, a fixed rate (and...
4 ways to improve your credit report
When you take out a mortgage, apply for a credit card, sign for a car loan, or set up an instalment plan for kitchen appliances, you use credit. Your total credit use makes up your credit history....
More rule changes mean more reasons to use a mortgage broker
The next new mortgage regulation, which comes into effect 1 January 2018, will require borrowers to qualify based on a rate that is 2 percentage points above the contract rate or the Bank of Canada...
5 ways to slash your debt
Are you feeling overwhelmed with debt? Worried about how much you spend on interest each month? Lowering the amount of debt you carry can significantly improve your credit profile, reduce...
3 things to remember before using home equity
One benefit to owning a home is that as housing prices increase, so does the value of your home. The change in value from when you purchased your home is referred to as equity. For example, if you...
How using a mortgage broker can save you time and money
As mortgage brokers, we focus on finding you the best deal, not on keeping you with the same bank. We work for you, not the banks. Sure it takes a bit more time to meet with us than it does to sign...
Considering a reverse mortgage? 3 risks you should know first
If you’re a homeowner over the age of 55, you may have heard of reverse mortgages. Basically, a reverse mortgage allows you to access a portion of your home’s value to use as cash flow. One of the...
3 key things to remember before using home equity
One of the benefits to owning a home is that as housing prices increase, so does the value of your home. The change in value from when you purchased your home is referred to as equity. For example,...
