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What Happens if You Miss a Mortgage Payment?

Reminder mortgage payment marked in calendar with banknotes

You have bought your first home, are starting your mortgage payments, and are now beginning one of the biggest investment journeys you will make in your lifetime. Now that you’re all settled in, sometimes things can get missed because life gets in the way. No one intentionally misses a mortgage payment, but it can happen. […]

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Porting a Mortgage: Your Guide

A mortgage broker helps the couple understand the contract and their options with regard to porting a mortgage.

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 […]

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What Is Trigger Rate and How Does It Affect Your Mortgage?

A wooden miniature model of houses and a red zigzag wooden arrow pointing upwards indicate higher rates.

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?

A calculator and model home sitting on top of a mortgage application form with "approved" stamped in red on top.

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 […]

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Can I Get a 30-Year Mortgage in Canada?

A young couple smiling while they hold the keys to their new house

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 […]

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Can a Business Get a Residential Mortgage?

A key in a lock with a small house attached as the keychain

Mortgaging a property can be a compelling long-term business strategy. If you’re looking for a space to operate your business, you may consider a mortgage to reduce your upfront costs. Businesses mortgage commercial properties such as offices or retail spaces to conduct business. But can a company take out a mortgage on a residential property […]

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Can You Lock in a Variable Rate Mortgage?

A notepad with the words "variable rate mortgage" written on the page beside a drawing of a hand holding a small house

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 but also […]

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