Have you considered purchasing a plot of land for your new dream home away from the city and suburbs? Maybe you’ve visited some vacant land and thought it would make a perfect place for your dream home. If you have, it’s essential to consider how you will finance your purchase and what options are available […]
How To Pay Off Your Mortgage Faster
While owning your own home is freeing and exciting, a mortgage is a massive responsibility. However, it’s a responsibility that shouldn’t leave you stressed or financially unstable. Simply by understanding what you can afford, paying off your mortgage is just as routine as any other bill you may have. But what if you’re looking for […]
What Is a High Ratio Mortgage?
If you’re looking to settle into a home, the buying process can seem complicated and difficult to understand. You need to consider your down payment, payment frequency, high or low ratio mortgage, and other factors. While your mortgage broker can help you, you must understand how mortgages work. What is a high ratio mortgage? Continue […]
Is Buying or Renting the Better Option?
To buy or to rent? It can seem like the ultimate question; how do you know which option is better? If you’re looking to own a home, you’re not on this journey alone, but you need to decide if homeownership is right for you first. Continue reading to learn more about buying and renting, including […]
Can I Use My RRSP To Buy a Home?
Buying your first home can be a stressful experience, and you may need some extra help. Many first-time buyers are looking for any advantages they can get, and a common question is if you can use your RRSP to help buy a home? If you’re interested in buying your first home, continue reading to learn […]
What Is a Reverse Mortgage in Canada
From home equity lines of credit (HELOCs) to refinancing your mortgage, there are several unique ways you can leverage your home and reach your financial goals. Even as you get older, you can use your home to help support your retirement. While you can tap into the income provided by your RRSP, Canadian Pension Plan, […]
Can You Add Renovation Costs to a Mortgage?
Whether you’re a new home buyer, ready to downsize or upgrade, or a seasoned homeowner, renovation projects have surely crossed your mind. Adding minor or major improvements can enhance the flow of your home’s layout and create updated and refreshed spaces like a spa bathroom or fitness area. Whatever your home improvement dreams are, they […]
How Much Do You Need for a Mortgage Down Payment?
Buying a new home is an exciting purchase and a big one—especially if it’s your first time. If you’re in the early process of finding a lender and shopping for homes, you may be wondering how much you need to have saved for a down payment. At Mortgage Connection, we aim to help you understand […]
Read More… from How Much Do You Need for a Mortgage Down Payment?
Should I Accept My Mortgage Renewal Offer? 5 Mortgage Renewal Tips
Time to Re-Evaluate It’s a busy world these days! If you’re under a lot of pressure, anxious about the current happenings in your life, or don’t exactly consider yourself to be financially savvy, it can be tempting to sign and return your mortgage renewal offer letter without a second thought. Maybe you don’t know where […]
Read More… from Should I Accept My Mortgage Renewal Offer? 5 Mortgage Renewal Tips
12 Steps in Buying a House
If you’ve thought about purchasing a new home, you know how big of a commitment it is. It can be stressful and overwhelming if you try to navigate it all by yourself. But that’s why we’re here. From calculating your mortgage budget to getting insurance for your new home, we’ve compiled a list of all […]