Are you trying to get your head around what a variable-rate mortgage is? When looking at getting a mortgage, it can be difficult to make sense of all of the technical jargon that lenders use. The difficulty starts with having to work through the math of different...
So, what is a fixed-rate mortgage? Any time you're looking to purchase a new home or refinance your home, it's important to know all of your options so that you can make the decision that's right for you. Having a clear overview of your financial choices is important....
Are you unhappy with the current terms of your home loan? Are you struggling with debt? Or do you maybe want to benefit from changed market conditions and get a more competitive rate? If you are in any of these positions, then you have probably heard about the option...
A second mortgage or a home equity loan is another loan you take out from the same property. The amount that you are allowed to borrow depends on the amount of equity in your home. Home equity is the difference between the market value of your property less what you...
COVID-19 has hit everyone hard. People are afraid to go outside. Some basic freedoms that many of us have taken for granted have been taken away. With this has come a reduction of income for many, along with a severe impact on their credit. As a result, many...
Am I Eligible For A Mortgage Deferral Because of Covid 19? Frustrated Canadians looking for Covid 19 mortgage relief or coronavirus mortgage deferrals are facing delays and denials from Canada’s big banks. The big banks have been flooded with calls over a short period...
Considering Bankruptcy? If You Have Home Equity Read This First... If you feel like you've been drowning in debt, you may be considering bankruptcy. You may also be looking for a way to avoid bankruptcy. Fortunately, for homeowners, there may be a way to get out of...
How to Save Money for Retirement with an Equity Line of Credit Do you have or need an equity line of credit? February is almost over and it’s your last opportunity to invest in RRSPs for savings on your tax bill. You could increase your income tax refund and use some...
A New Mortgage Could Make Your Year Great! Whether you need to renew your existing mortgage, need a second mortgage, or are planning to purchase your first home - where you go for help makes a difference. Your next mortgage can be hard or it can be an easy application...
How Can a Home Equity Credit Line Help You Enjoy a Beach Vacation Over the Holidays? Are you overdue for a holiday? Is it your dream to take your family on a vacation before the year is over? A home equity credit line can help you escape to the beach. You can have a...
One of the biggest questions we get as mortgage brokers is: Can you renew your mortgage with bad credit? In Canada, when your mortgage term comes to an end, you’ll need to either renew with your current lender or switch to a new one. For most homeowners, this is a...
A blanket mortgage is a type of mortgage financing that covers more than one property with a single loan. It’s a powerful tool for Canadian real estate investors and homeowners who are looking to simplify their lending process while maximizing their investment...
Understanding your financial health is important for making informed decisions about loans, mortgages, and long-term investments. One of the most critical indicators to identify the health of your financial situation is the Debt-to-Income (DTI) ratio. Whether you’re...