Canada is known to be one of the friendliest and most beautiful countries in the world, and we can understand why you’d want to call it your home! That being said, obtaining and qualifying for a mortgage in Canada as a non-resident is possible, but not without its challenges. With the right help, it can […]
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. […]
Applying for a mortgage can be a complicated task with some restrictions involved. Having bad credit can complicate your application but does not mean you cannot get a mortgage. Knowing what affects your credit can help you understand how your credit is scored and what that means for your financial future. When you have bad […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]