Category: Mortgage Advice

Dreaming of owning a rental property but are held back by your bad credit?  Worry no more.  This guide is filled with expert advice to help you navigate the tricky waters of mortgage applications with a less-than-stellar credit score. First, it’s important to understand the hurdles you’ll face getting a rental property mortgage with a […]

Understanding the differences between high-ratio and conventional mortgages is essential to making the right choice. As an individual seeking a mortgage, you must make an informed decision that aligns with your financial goals and circumstances. This article will outline the key factors to consider when choosing between these options. Firstly, let’s clarify the terms. A […]

Ever wondered what lies behind the term “variable-rate mortgage”? It sounds pretty complex. We will break it down and make sense of it all today. As its name implies, a variable-rate mortgage is a home loan with an interest rate that fluctuates over time. On the other hand, a fixed-rate mortgage maintains the same rate […]

A mortgage is a significant financial commitment that can impact your short- and long-term lifestyle. If you’re considering taking out a $500,000 mortgage, it’s important to understand its true cost. In this article, we’ll take a closer look at the factors contributing to the cost of a $500,000 mortgage, including monthly payments, interest rates, and […]

An $800,000 mortgage is a significant financial commitment, and understanding the true costs of this obligation is essential to making an informed decision.  We’ll take a closer look at the factors contributing to the cost of a $800,000 mortgage, including monthly payments, interest rates, and additional costs. Going through this piece, you’ll better understand the […]

Are you thinking of buying a house? If so, you may have heard of something called mortgage default insurance. This insurance is mandatory for homebuyers who make a down payment of less than 20% on their home purchase. But what exactly is mortgage default insurance, and how does it work?  In this article, we’ll walk […]

You’ve come to the right place if you’re looking to increase your chances of mortgage approval, negotiate better terms, and obtain the best mortgage rate without hurting your credit score. Your credit score plays a critical role in determining your eligibility for mortgage loans and the interest rates you’ll be offered. As such, it’s essential […]

A Home Equity Line of Credit (HELOC) loan allows you to borrow money using the equity in your home as collateral. It’s like a credit card, but instead of a spending limit based on your credit score, your limit is based on your home’s equity. HELOCs are popular, but they might not be for everyone. […]

So, you’re looking to buy a home and probably wondering what type of mortgage is best for you. Well, there are two main types of mortgages to consider: fixed-rate and variable-rate. In a nutshell, a fixed-rate mortgage has an interest rate that remains constant throughout the entire loan term, while a variable-rate mortgage has an […]

Buying a new house and seeking a mortgage can feel overwhelming, particularly due to the mortgage jargon involved. If you haven’t already, you’ll soon realize that you must understand several mortgage terms to make informed decisions. But don’t worry. We’re here to help you navigate the sometimes-confusing world of house financing. This post aims to […]

Welcome to the exciting world of home buying! Whether you’re a first-time homebuyer or a seasoned investor, securing the best mortgage rate can make a world of difference regarding your finances. In this article, we’ll dive into the intricacies of finding the best mortgage rates, specifically for those looking to purchase a property in Ontario. […]

Choosing the right mortgage broker is crucial when securing a mortgage for your home. A good mortgage broker can guide you through the process and help you navigate the complexities of the mortgage market. However, with so many brokers available, it can be challenging to know where to start. One of the most effective ways […]