Key Takeaways Locking in a Variable Rate Mortgage Variable-rate mortgages can be appealing when interest rates are low because they can allow you to pay off your mortgage faster. You may choose a variable rate when renewing your mortgage or as a first-time buyer finding the right mortgage for you. Variable rates offer more flexibility […]
TDS ratio is the percentage of your gross monthly income that goes toward housing costs and other debts—like car loans, credit card payments, and personal loans. […]
In some cases, your mortgage may be renewed automatically. But automatic renewals aren’t always in your best interest. […]
Simply put, the mortgage maturity date is the day your existing agreement with your lender expires, and your remaining balance becomes due. […]
A reverse mortgage and home equity line of credit (HELOC) allow you to unlock the equity in your home, but choosing the right option matters. Each comes with its advantages and drawbacks.
Reverse mortgages are ideal for older adults (55+) looking to supplement their income without monthly repayments. HELOCs cater to people seeking accessible, flexible funding. […]
Read More… from Reverse Mortgage vs. HELOC: Key Differences Every Homeowner Should Know
Mortgage pre-approval timelines typically range from 1 to 2 business days, but this can vary based on several factors. […]
After your final mortgage payment, remember to update your homeowner’s insurance, confirm the property title is in your name, and plan how to use your extra funds. […]
Read More… from What Happens When You Pay Off Your Mortgage in Canada?
The Calgary housing market offers incredible opportunities, but preparation and the right guidance are key to unlocking them. […]
Read More… from First Time Home Buyer Calgary: What You Need to Know
Running a business requires you to think strategically. And there’s nothing quite like real estate marketing working in your favour. You can get a residential mortgage for your business, but you must use the property for commercial purposes. Residential and commercial mortgages are fundamentally different. Our experienced brokers provide personalized advice that aligns with your […]
Despite all your planning, your renewal might decline. Although figuring out the next steps can feel unsettling, it’s not the end of the road. Here’s what to do next:
Stay calm & reassess
Explore other lenders
Improve your financial profile
Seek an exception or negotiation
Consider alternative mortgage options
[…]
Read More… from What Happens If Your Mortgage Renewal Is Denied?
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