Blog - Page 4 of 5 - The Costa Group
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Blog

- keeping you updated on all things "Mortgage"

Does the new home you are going to purchase need some renovations?  Find out about the Ideal program for consumers looking to purchase a home that has great potential but needs a little TLC. The Purchase Plus Improvements program allows you to make improvements immediately...

Are you looking into getting a mortgage and are not sure whether or not to get a closed or an open mortgage? That is very common. When choosing a mortgage, it is very important to be informed about all the options available. In this post,...

Have you ever heard this term: appraised value of a home or home appraisal? It is a common question as people are not always sure what it refers to. An appraiser is a licensed professional, trained in determining the value of a property. Put simply,...

When it comes to loans, a mortgage might be the biggest one an individual will ever have. Thus, it makes sense to hear people say they want to save money on interest, pay the mortgage faster, as well as avoid penalties in case one decided...

When applying for a new job, or when looking into starting a new career, people often get asked the reason why they would want to become part of a certain team. Many times, people are surprised by the fact that companies don’t want to hire...

If you are entering the world of mortgages, this blog may be useful to you. Let’s begin with the basics. A mortgage occurs when a property is charged by a creditor as debt security. Mortgages are popular in the banking industry and they influence interest...

Many people getting a mortgage, especially for the first time, do not realize how important it is to get a mortgage insurance. Some may not even know it exists. It is our hope to clarify this aspect as it is a great form of protection. For...

As we have now entered well into 2018, many people - more specifically homebuyers - are still wondering how the new regulations will affect them. We have tried to address the different aspects of these regulations that make it tougher to get a mortgage. Guideline B-20...

The variable rate mortgage and the fixed rate mortgage are very different in terms of how they are funded. Fixed mortgages are bonds purchased by a mortgage lender, sold as a mortgage to a home buyer and then re-sold as a income based security back to the...

Often times, clients say they don’t understand the difference between term and amortization when talking about mortgages. It is a fair point - a common confusion -, but one that needs to be clarified to be able to know all the options available. A mortgage term...