Mortgage
If you’re a homeowner age 55 or older and in need of cash, you may want to consider a reverse mortgage. Reverse mortgages in Canada are a way for homeowners to access funds to cover living, travel and other expenses. And one of the biggest advantages of this type of solution is that you won’t […]
You’ve found the home of your dreams. The only problem is you haven’t closed the sale on your existing property. And, you need the equity in your home to buy the new place. You can’t get the money until you sell your current home and close the deal, right? That’s not true! Fortunately, lenders are […]
Is your mortgage coming up for renewal soon? There’s much more to being ready for your renewal than just a good interest rate. Planning ahead is the key to saving money. Get ready when your mortgage is coming up for renewal When you’re 120 days away from your mortgage renewal date, it’s the perfect time […]
If you read Hardbacon, you know that a lot of the richest people in Canada have diversified into real estate holdings; names like Greenberg, Thomson, Rahi, Apostopoulos, Azrieli, and Goldhar. Some inherited their wealth, others built in from hard work and diversified risk. They did it and you can too. It is a mistake to […]
Are you looking to refinance your mortgage in 2023? You have come to the right article. We’ll explain what a mortgage refinance is, when to do a mortgage refinance, good reasons to refinance your mortgage and the steps involved in it. There may be fees for refinancing your mortgage, so we’ll discuss that as well. […]
If you’re a mortgage holder, you’re fully aware of the costs and commitment involved. You’ll typically spend at least a couple of decades servicing the debt payments and racking up hefty interest charges along the way, which could probably buy you a luxury vehicle or two when added up. A mortgage is, single-handedly, the most […]
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 […]
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 […]
What is mortgage insurance and how does it work? If you don’t know, it could cost you a lot more money in the long run. Here’s what to know before you buy, and why you need to shop around.
