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 […]
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 […]
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How & Why to Refinance a Mortgage
Choosing the right mortgage can be a big commitment. Whether it is commercial or residential, your financial situation is likely to change between the start and end of your mortgage. Refinancing your mortgage is an opportunity to have a say in your future. Keep reading to learn why refinancing may be the right choice for […]
How to Choose the Right Mortgage for You
Searching for a mortgage is a sign of an exciting time in your life! This excitement shouldn’t be spoiled by the extra stress of trying to become a mortgage expert. Whether you’re looking for a commercial or residential mortgage, we’ve got you covered. We’re here to put your mind at ease and get you back […]
Understanding Your Mortgage: More than Just the Rate
Too Much Weight on Rate When was the last time someone told you your weight— the number on your scale— was the only measure of your health? Hopefully, it wasn’t recently! Health and fitness are much more complex than that. You need to account for muscle mass, body composition, cardiovascular stamina, and so much more! […]
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