Hamilton Archives - The Costa Group
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Hamilton Tag

Before we begin this post, we should emphasize that abandonment should be a last resort as there are solutions out there offering reduced impact on the borrower’s credit rating.  Having said this, let’s look at what abandonment really means in the world of mortgages.  When...

This is a scenario we hope every person can avoid. However, we cannot stress enough the importance of being informed and the process of defaulting on a mortgage is an important one. A mortgage default means that you violated one or several of the terms...

In your search for which mortgage can suit you best, you may encounter the term “high yield mortgage”. Basically, a high yield mortgage is a loan with a higher than average interest rate. The yield refers to the compound interest charged on the mortgage, also...

When shopping for a mortgage, you may come across this term: collateral mortgage. Some people may tell you it is a good option, others will be of the opinion it is a great disadvantage.  Just like every other option when it comes to mortgages, do...

When it comes to types of mortgages, there is quite a bit of work to do to inform yourself about all the options available. It is important you know all of them to determine which one would best fit your needs. We have been writing...

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...

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 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...