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 […]
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 […]
How You Can Leverage Your HELOC as an Investment Tool
Once you own a home, you begin to build equity through mortgage payments. Over time, that equity grows and can allow you to utilize it to secure low-interest funds in the form of a one-time loan (“second mortgage”) or a home equity line of credit (HELOC). HELOCs can be a great source of financial value […]
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Longer vs. Shorter Mortgage Amortizations: Differences in Costs, Cashflow, & Affordability
Let’s Talk Mortgage Amortizations Buying a home is an exciting time whether you are purchasing your first home, upsizing, or downsizing. However, choosing the mortgage that is right for you can also feel daunting. Once you have determined how much you are willing and able to spend on a home, and found the perfect home, […]
Understanding the RRSP Home Buyer’s Plan
Many Canadians dream of owning their own home, but putting together enough money for the downpayment isn’t always easy. To help more Canadians purchase homes, the Government of Canada offers a program called the Home Buyer’s Plan. The money you withdraw under the plan is tax-free, but funds used to repay the money you borrowed […]
Your Guide to the Recently-Announced Federal CMHC New Home Buyer’s Plan
Many Canadians dream of owning their own home, but with an increasingly competitive housing market and the rising cost of living, many find that dream might be beyond their reach. To help middle-class Canadians purchase either their first home or a home for a relative with a disability, the Government of Canada has the Home […]
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How Debt Stacks Up Against Mortgage Approval
‘Tis the season for sharing, family, giving, and unfortunately, overspending! If one of your 2019 goals is to buy a property, keeping debt loads in check in more important than ever. The impact of non-mortgage related consumer debt on mortgage qualifying is definitely not something anyone can afford to ignore. Qualifying for a Mortgage Isn’t […]
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The Benefits of Choosing a Mortgage Broker
Mortgage brokers are an invaluable resource to borrowers. Mortgage brokers possess a wealth of information, in-depth product knowledge, and have access to the most competitive mortgage rates and products. This puts mortgage brokers in a position that lets them help their clients achieve their financial and homeownership goals. Some of the advantages of choosing a […]
Mortgage Broker FAQs
We get asked a lot of questions, and we are happy to help you find the answers. To help you find the answers you need we will address our four most frequently asked questions in this post. Are Mortgage Brokers Free? For most residential transactions, the cost of getting a mortgage through a mortgage broker […]
Get Pre-Approved Before You Look
Getting Approved for Your Mortgage: How to Keep It Fast and Simple Whether you’re a first time home buyer or a seasoned veteran, the application and approval process can be intimidating if you aren’t prepared. A little bit of preparation can go a long way by reducing stress and moving the mortgage approval process along […]