What if I tell you that you will be able to save over $15,000 on a $300,000 mortgage amortized over 25 years during a 5 year term? Would it grab your attention and would be … Read More
Low Rate Mortgages – A massive impact on your overall financial health
Landing up in the dream house at low rate mortgages is the ultimate aim for many. Getting the right deal at the right time can influence your financial situation in the near future. Before deciding … Read More
First time home buyers? Tips to protect Yourself!
Buying a home is a dream for many. Getting the right house with the hard earned salary requires proper planning and guidance. One has to be really careful in making sure that they get the … Read More
Government wants lenders to tighten underwriting on residential mortgages
MortgagePRO Ltd. Last week’s open letter from the Office of the Superintendent of Financial Institutions (OSFI) to Canada’s big banks is a better economic bellwether than the Bank of Canada’s announcement to hold interest rates … Read More
Mortgage insurance, is it a must or smart move?
By Hometrust Mortgage default insurance is one of those things that many home buyers don’t often think about when purchasing their new home. But if you don’t have at least 20% of the purchase price … Read More
How mortgage pre-approvals work and what are the reasons
Now you have decided to purchase a property, for you family or for investment, no matter the reason, but you have no idea if you will qualify for a mortgage or not as you are … Read More