Whether interest rates have shifted, your financial goals have evolved, or you’re looking for greater flexibility, refinancing your mortgage can be a smart way to take control of your finances. […]
How & Why to Refinance a Mortgage
Porting a Mortgage: Your Guide
You’ve decided it’s time to move. You have a current mortgage, you’re only a couple of years into your term, you have an amazing interest rate, market rates are on the rise, and you’re not sure what to do. Help! Porting your mortgage could be the solution you’re looking for. We’ve created this informative guide […]
What Is Trigger Rate and How Does It Affect Your Mortgage?
The Bank of Canada is raising interest rates left, right, and center. Many Canadians are feeling the impact of this increase on their day-to-day finances, especially those with variable-rate mortgages. If you have a variable-rate mortgage, you may be approaching your trigger rate. But what exactly is a trigger rate, and how does it affect […]
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How Many Mortgages Can You Have at Once?
Managing Multiple Mortgages There are many reasons you might consider a second mortgage or multiple mortgages. Whether you have your eye on a vacation property or want to invest in real estate, knowing what’s possible is crucial when managing your finances. But after a second mortgage, where’s the limit? How many mortgages can you have […]
Can I Get a 30-Year Mortgage in Canada?
Purchasing property can feel overwhelming, especially if you’re doing it alone. Not only will you take on a large chunk of debt (in the form of a great investment), but you’ll become responsible for managing all the expenses and upkeep associated with the property. With so many options available, how do you know what’s right […]
Can You Get a Mortgage Without a Down Payment?
Purchasing a home is a daunting task. Not only will you take on a large chunk of debt (in the form of a great investment), but you’ll become responsible for managing all the expenses and upkeep associated with the property. Is a no-down payment mortgage possible? Is it the right choice for you? We’re here […]
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Can I Get a Mortgage on Vacant Land?
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 […]
