In recent times, many Canadians have been grappling with the increasing financial pressures brought about by rising living costs, the ongoing housing crisis, and high
In today’s financial climate, we hear a lot about high interest rates, tough approval terms, and soaring debt. As a result, many new loan companies
Buying a home is one of the biggest financial decisions most people will ever make. For first-time home buyers, it can be an overwhelming process.
The Canadian housing market has experienced significant changes over the last two and a half years due to the COVID-19 pandemic and its effects on
There are generally two ways to get a mortgage in Canada: From a bank, or from a licensed mortgage professional. While a bank only offers
As credit has become more and more abundant in our society, your credit report, and thus your credit rating, has become more important in your
Transitioning from renter to homeowner is one of the biggest decisions you’ll make throughout your lifetime. That’s why it’s essential to surround yourself with a
Mortgages in Canada are generally amortized between 25 and 35 year terms. While this seems a long time, it does not have to take anyone
In light of the new market realities and tightening of credit underwriting standards by both lenders and mortgage default insurers as of late, keep in
We live in a society of instant gratification. Unlike our parents or grandparents – who saved up for larger purchases – we are often tempted
Given the current national credit-crunched lending environment and the slowing real estate market – which has shifted to a buyers’ market – coupled with lower
With the uncertainty of job loss racing through many people’s minds these days, taking a proactive approach to this issue by putting mortgage payments aside
With the high cost of holiday gift-buying and entertaining now behind you, this may be the perfect time to get the New Year off to
1. If I have mortgage default insurance do I also need mortgage life insurance? 2. What steps can I take to maximize my mortgage payments
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
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
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
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
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
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
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
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
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
With interest rates sitting at “emergency” levels – low rates never before seen by your parents and even your grandparents – now is an ideal
Hybrid mortgages – also known as 50/50 mortgage products – include an equal mix of fixed-rate and variable-rate components within your single mortgage. This means
