7 things you need to know about mortgage insurance
Mortgage default insurance is mandatory in Canada for down payments between 5% and 19.99%. It protects lenders in case a borrower defaults on their mortgage loan.
The Benefits of Real Estate Investment
We understand that investing in RRSPs, mutual funds, TFSAs, and so on, makes sense for some people. However, you may missing out on a huge opportunity.
6 costs associated with buying a home
If you’re looking to buy your first house—or your next house—it’s a good idea to plan ahead and consider all the costs associated with buying. Your closing costs represent the things you’ll pay for out of your pocket, as well as the amount of money necessary to...
How Your Current Property Can Influence Your Future Mortgage Applications
Before approving you for a mortgage, a lender will typically review 4 areas of your mortgage application: Income Credit Down payment/equity The property itself So if you already own a home, and you want to upsize, downsize, or renovate, or you want to purchase a...
Pay for Renovations with Purchase + Improvements Mortgages
Most home buyers apply for a mortgage for the price of their new home. Later, if they want to build an addition, or get new cabinets, or build an ensuite, they need to come up with a second source of financing. But did you know that there’s a way to get a mortgage...
3 Home Financing Options for Retirees
You may have read the title to this article and thought “I’m a long way off from retirement”, but you might be closer to retirement than you think, and a good mortgage can certainly help you along the way.