10 Most Commonly Asked Mortgage Questions
1. What’s the best rate I can get? 2. What’s the maximum mortgage amount for which I can qualify? 3. How much money do I need for a down payment? 4. What happens if I don’t have the full down
Is Your Mortgage Portable?
Selling your current home and moving into a new one can be stressful enough, let alone worrying about your current mortgage and whether you’re able to carry it over to your new home. Porting enables you to move to another
Mortgage Life Insurance Explained
Mortgage professionals can protect their clients’ families and their homes through a mortgage life insurance policy. Mortgage life insurance is simply a life insurance policy on the homeowner which will allow their family or dependents to pay off the mortgage
Mortgage brokers offer choice
The next time you’re looking for a mortgage for that new house or you’re up for renewal on your existing mortgage, think about using a mortgage broker – their services are free and they offer you an abundance of choices
Making Your Mortgage Interest Tax Deductible
For US homeowners, mortgage interest is automatically tax deductible. But for Canadians, the write-off is not so straightforward. In order to make your mortgage interest tax deductible, homeowners must be able to prove that the money is being reinvested and
Looking Beyond Mortgage Rates
It’s easy to get caught up in the idea that comparing mortgage rates will guarantee you get the best bang for your mortgage buck. While this may be true for particular situations, there are many scenarios where this strategy is
Leasing or Buying a Vehicle Impacts Your Debt Ratios
The question of whether it’s better to lease or buy a vehicle is a common dilemma. And do you buy or lease a new or used vehicle? The answer depends on the specifics of your situation. It’s important to realize
How to Determine the Best Mortgage Term
Choosing the mortgage term that is right for you can be a challenging proposition for even the savviest of homebuyers. By understanding mortgage terms and what they mean in dollars and sense, you can save the most money and choose
Using Home Equity to Your Advantage
Canadians purchase homes for a variety of reasons. Some want the stability of owning their own home, while others also look at home ownership as an investment vehicle. No matter what the reason, the truth is that home ownership has
Using Home Equity to Finance Cottage Improvements
With interest rates sitting at “emergency” levels – low rates never before seen by your parents and even your grandparents – now is an ideal time to tap into the available equity in your home or cottage to fund your