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6 Things You Need to Know About Getting Your First Mortgage
If you are in the market for your first home, it is important to be prepared. Doing some research ahead of time will help you make the right decision when it comes to mortgages. Here are some things...
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6 Pros and Cons to Getting a Second Mortgage
If you find yourself in a financial emergency and need a loan fast, one option is to cash in on the equity you’ve built up in your home. You can do that by getting a second mortgage. What is a second...
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9 Simple Tips for Renewing Your Mortgage
When it’s time to renew your mortgage, many homeowners simply sign the papers. However, if you want to save yourself some money there are a few easy things you can do to get a better mortgage rate and...
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Comparing Fixed and Variable Mortgages
Deciding on a mortgage rate can feel a bit stressful. Whether you pick a fixed or variable rate, it has a big impact on how much you pay over the long term. While some people may advise you to pick one...
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The Hidden Costs of Buying a Home
Buying your own home can be exciting. But some homebuyers are surprised when they find out they need to pay more than just a down payment before they can take possession of their new house. To avoid...
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What to Keep In Mind When You’re Considering Renovating Your Home
Over half of Canadians have been planning home renovations, according to a recent survey. The most popular space to upgrade for property owners is outside, followed by the bathroom and then the...
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What Is a High-Ratio Mortgage?
In the world of mortgages, there are many options. You can have an open or closed mortgage, fixed or variable interest rates, and high-ratio or low-ratio mortgages. Understanding the difference between...
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Do I Need Mortgage Life Insurance?
If you are taking out your first mortgage or renewing it, you may be encouraged to take out mortgage life insurance. Lenders like borrowers who opt for this type of coverage because it protects them....
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If I Have a Higher Credit Score, Will I Get a Lower Mortgage Rate?
A mortgage is a loan for a lot of money, usually given to purchase property, but also provided to those looking to make renovations or get extra cash from their existing property’s value. When looking...
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Closed vs Open Mortgages
Not every homebuyer has the same needs, which is why there are different mortgage options. One of those options is whether to get an open or closed mortgage. You’ll need to consider the pros and cons...
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How to Prove the Source of Your Down Payment
Whether this is your starter home or your dream home, buying property can be exciting. After your offer has been accepted, you’ll need to get approval for a residential mortgage. A key factor in...
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Best Practices to Improve Your Credit Score
Is your credit score holding you back from getting the home of your dreams? Are lenders withholding the best interest rates because of your credit rating? Having a strong credit score can unlock a lot...
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Want to Retire? A Reverse Mortgage Could Be the Answer
As housing prices continue to rise across the country, many retirees could turn to reverse mortgages to help them enjoy their golden years. What is a reverse mortgage? The concept of a reverse mortgage...
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Why Homeowners Should Get Life Insurance
As a homeowner, you’ve made a significant investment, and you’ll want to protect it for your family. If anything should happen to you, will they be able to make the mortgage payments? Could they lose...
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Top 9 Renovations to Increase Your Home Equity
Even with a global pandemic, Canadians are continuing to improve their living spaces with renovations and remodels. A recent study found that about half of all homeowners have already done or are...
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How to Find Good Investment Properties in Ontario
Being a landlord is one of the best side hustles you can find. With the demand for residential properties continuing to rise, you can’t go wrong by investing in a rental property in Ontario. In this...
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Using Home Equity to Pay off Debts
For homeowners wanting to benefit from all the equity they’ve built up in their homes, using it to pay off debt can seem like a perfect solution. Still, it’s important to know what is involved in using...
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Heloc vs. Second Mortgages: What Is the Difference?
Your home is one of your best and biggest assets. However, if you want to access the equity you’ve built up in your property, what is the right way to do it? You may have heard about Home Equity Lines...
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7 Common Mistakes That Hurt Your Credit Score
Nobody wants to be thought of as just a number, and of course, you are so much more. However, your credit score goes a long way to unlocking financial benefits such as the best rates for loans and...
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How to Refinance Your Mortgage to Eliminate Debt
Living with debt can be difficult. It adds extra stress to your life and your finances. This may be why many Canadians have been using their resources to pay down their credit card debt during the...
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