Blog - Page 2 of 5 - The Costa Group
327
blog,paged,paged-2,ajax_fade,page_not_loaded,,qode_grid_1300,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-10.0,wpb-js-composer js-comp-ver-4.12,vc_responsive

Blog

- keeping you updated on all things "Mortgage"

It has become common to see home buyers getting a bridge loan in order to buy another home before they sell their existing one.  At first glance, it seems like a great solution - and it can be -, but just like all other scenarios...

Here is another type of mortgage you should be familiar with as it might be the right one for you. An Adjustable Rate Mortgage, also know as an ARM, is a mortgage loan with an interest rate that is reviewed at intervals and changes over...

You are planning to buy your first home. You are also an individual who understands rates and likes to keep an eye on the rates and economic market. You may even be a risk-taker who still enjoys some security associated with a fixed product. In...

If you are new to Canada and are looking into settling in this country, you may want to consider purchasing a home. The first step you should take is informing yourself about the rules and conditions that apply to your situation. It may seem a...

You have a high-interest debt and think of consolidating it into your mortgage in order to reduce the overall interest rate and, at the same time, free up a few hundred dollars every month. Is it a good idea? First of all, it is important to...

You are planning to get a mortgage and you hear for the first time that a credit report is required for your lender to see if you have good credit or not. How does this affect your application?  The first thing you should know is a...

When you are applying for a mortgage loan, one of the many things lenders look at and consider is your credit score.  Your credit score is a measure of your financial health, and shows lenders their level of risk if they lend you money. So, what...

An assumable mortgage is a mortgage that may be transferred without changing the terms of the original mortgage. What does this mean? What does it involve? It is a financing agreement in which a seller transfers the terms, the interest rate and the remaining mortgage...

Have you ever heard these two terms? Do you know the difference between them? As we have stressed time and again on our blog posts, the most important aspect when it comes to mortgages is to be informed and to know all the different terms...

Let’s start from the very beginning: what is a mortgage payment? Simply put, it is a regularly scheduled payment which includes principal and interest paid by borrower to lender of home loan. This payment is done according to a schedule. Depending on the lender, the...