mortgages Tag

You have purchased a home. The moving day is fast approaching. Have you considered all the costs? We decided to write this blog post to help every homebuyer budget for the costs - the obvious and the hidden ones - related to moving.  What are the...

Many mortgage borrowers are unfamiliar with this term or think that it is the same as a mortgage insurance or life insurance. They are different. (To know more about mortgage or life insurance, check out this previous blog post). So, what is CMHC mortgage insurance?...

For many people the home buying process can be complicated and, at times, frustrating. Many don’t know where to begin. Others get overwhelmed with the amount of information available. If you are in this situation - or are planning to purchase your first home in...

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...

Chances are you have heard these two terms time and again, especially if you are planning to invest in a property. Before we analyze each one of them, it is important to understand what they mean in the world of mortgages. Basically, equity refers to the...

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...

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,...

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...

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...

According to to a report by Royal LePage, the new stricter mortgage rules are expected to slow the housing market in 2018, but prices are still expected to rise almost five per cent. In fact, in its market survey forecast, Royal LePage indicates that its...