All mortgages are not created equal, and making the wrong choice can end up being a costly or frustrating decision. This is exactly why you should never choose a mortgage based on rate [...]
Mortgage terms can range anywhere from one to ten years, with the most common being five years. At the end of your term, your mortgage is due and payable. This doesn’t mean you have to fork [...]
It’s hard to imagine that a 2.49% mortgage rate was considered high just one year ago. We became spoiled with the pandemic driven sub-2% rates available during the latter half of 2020 and the [...]
Back in early 2022, there were forecasts indicating that the Bank of Canada would increase their rate by as much as five times before the end of the year. All at the standard 0.25% per increase, [...]
There are many decisions to make when arranging a new mortgage. Whether to go with a fixed or variable, amortization period, payment frequency, and term length. Prior to mortgage rule changes [...]
When purchasing a new property, you can generally count in it to close on time. Sure, there are some rare exceptions, but they are indeed rare. Purchasing is one thing, but what about [...]
While starting or growing a family can be an exciting time, it represents a big change in your life. It can also bring on new challenges such as additional expenses and reduced income. As income [...]
New job opportunities can be exciting! They typically offer a higher income, and more potential for growth. But what happens if you’ve purchased a new home and are offered a new [...]
Income confirmation is a crucial part of the mortgage approval process as it assures lenders that the borrower has the capacity to repay the loan. It doesn’t matter how large your down payment [...]
Whether you’re a first-time homebuyer, or a seasoned home buying pro, purchasing a new home can be an exciting time. Once your offer has been accepted, the next step is to get your mortgage in [...]