Mortgage
The joint mortgage is pretty common in Canada and continues to grow in popularity. But why? As the cost of housing in Canada surges to new highs, many are being shut out of the real estate market; they are unable to secure affordable housing or build wealth. In many cities, the income and down payment […]
Before you start house-hunting, first you need a mortgage pre-approval. It might sound a little backwards but there’s a reason you need one before you do anything else. Applying for a mortgage pre-approval is like asking your lender to go steady. It’s kind of a big deal. If you want a mortgage lender to swipe […]
Mortgage payments are like clockwork – they’re always due on the same day each month and go on forever. Well, not forever, but its sure does seem like it. Your mortgage is likely your most significant expense and a decades-long commitment to boot. Like many homeowners, you may have pondered how you can save some […]
Buying a home marks one of the most significant financial decisions you will ever make. Ideally, you’ll discover the right mortgage package with the best interest rate to match your budget and lifestyle. But how do you find the best possible deal? You compare numbers thanks to mortgage rate comparison sites. Why compare mortgage rates […]
In Collaboration with Pine Pining for a place to call home? Housing prices are finally headed down the mountain, but interest rate hikes are killing affordability. For many Canadians, home ownership woes have shifted from the down payment debacle, to how much income is needed to get a mortgage. Current homeowners are hot under the […]
What goes up must come down; and in regard to Canada’s housing market, a crash certainly seems likely at some point. After all, ever since the Bank of Canada lowered Canadian interest rates in the wake of the COVID-19 pandemic, there has been a massive spike in home prices, and many experts are predicting that […]
A house is the most expensive purchase you’ll ever make. But unless you’re Jeff Bezos, you probably can’t buy a house outright with cash. Like the rest of us, you’ll need to find a lender willing to finance your mortgage. But not all mortgages, or the lenders who offer them, are created equal. It’s not […]
This is a vintage type of mortage not seen in years. Lenders took a hiatus from offering interest-only mortgages in 2010. Depending on your situation, interest-only mortgages could be beneficial or a detriment to your finances. Choosing a mortgage in Canada is a personal decision and will look different for everyone depending on your financial […]
Balloon payments are a method of financing your home or making other major purchases. They involve paying little or nothing at the beginning of the loan period and making a larger payment at the end of the contract. This is a great option for people who have a good credit score and would prefer to […]
Open vs closed mortgage, fixed or variable rate, oh my! Are you about to buy a house for the first time? Or maybe it’s time to renew? A mortgage is one of the most important decisions you will ever make; it’s a serious financial and legal commitment. There are a few types of mortgages available […]
The Canadian real estate market is in turmoil. With prices and mortgage rates rising all the time, it’s hard to make an informed decision about buying or selling a property. Get tips from the experts on one of the most important transactions in your life.
For most people, buying a property is the greatest investment of a lifetime. Paying off a property takes a long time, which is why it’s important to choose the best mortgage product. In fact, you’ll pay a large sum of interest on your mortgage that will never be recovered. Here are some things you need […]
