The choice between an open and closed mortgage comes down to a trade-off between payment flexibility and a lower interest rate. […]
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Open vs Closed Mortgage: What’s the Difference?
Everything You Need to Know About an Investment Property Mortgage
The main reason for these differences is that lenders view an investment property as a higher-risk loan since you do not live there. […]
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Insured vs Uninsured Mortgage: What’s the Difference?
The main difference between an insured and uninsured mortgage comes down to your down payment size and who pays for default insurance. […]
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The Mortgage Renewal Process: A Step-by-Step Guide
Your mortgage renewal is an opportunity to review your finances, check the market, and find a new agreement that truly fits your life today. […]
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How Early Can You Renew Your Mortgage?
You can often start your mortgage renewal process up to 120 days (or four months) before your current term officially ends. […]
What Happens If You Don’t Renew Your Mortgage?
If you don’t renew your mortgage on time, your lender may place you into a new term with a much higher interest rate or, in some cases, could demand full repayment of the loan. […]
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Mortgage Renewal Advice: 9 Things to Know
The key to a successful renewal is to proactively shop around and negotiate for terms that work for you. […]
Your Mortgage Renewal Checklist
Not all mortgages are created equal. Many of the intricate details are hidden in the terms of your contract, which can make life for mortgage holders confusing and stressful. But it doesn’t have to be that way. At Mortgage Connection, our entire story is built on providing clarity. This guide provides a clear checklist to […]
Reverse Mortgages Q&A
Reverse mortgages can often be misunderstood, surrounded by myths that can make homeowners hesitant to explore them as a financial option. Whether you’re planning for retirement, supporting family members, or simply looking to improve your lifestyle, a reverse mortgage can be a powerful tool when used wisely. Our team at Mortgage Connection wanted to tackle […]
What Is a Mortgage Statement?
Understanding your mortgage statement can be a common challenge when navigating a new home purchase. This can make life for mortgage holders confusing and stressful. We want to help you feel clear and confident about your finances, which is the core of our mission at Mortgage Connection. Mortgage Statement Definition: A mortgage statement is a […]
