Your mortgage can be renegotiated for a variety of reasons when you refinance your mortgage. In essence, this means paying off your current loan and replacing it with a better one. You can reap a … Read More
What are Reverse Mortgages?
The reverse mortgage. Considering retirement while coping with a high debt load, ongoing expenses, and reduced income can be challenging for many Canadians. Reverse mortgages can be of great assistance in this situation! Anyone looking … Read More
HELOC changes you need to know!
Last week, Canada’s banking regulator unveiled new rules governing how borrowers may use Home Equity Lines of Credit (HELOCs). The new guidelines unveiled by the Office of the Superintendent of Financial Institutions (OSFI) will affect re-advanceable … Read More
Tips on refinancing a mortgage with bad credit.
If you already own a home, you may be able to refinance it for a better rate or take out some of your equity. Mortgage brokers that help people buy a home with bad credit … Read More
Brokerage services for mortgages with bad credit
A lot of people believe there is no hope for them to be able to own a home if they have bad credit. But that’s not true at all. While purchasing a home with a … Read More
Co-Own a Home? Yes or No?
There is a lot of talk about co-ownership as a way to resolve the problem of affordable housing and allow more people to own their own homes (or at least a portion of their own). … Read More
About the new rules for first time home buyers.
With a commitment to a two-year ban on foreign buyers, the Liberals are making housing affordability a priority in their fiscal 2022 budget. Thursday’s budget outlined the federal government’s plans for tackling skyrocketing housing costs … Read More
Refinance now or later?
Fixed mortgage rates have been steadily increasing these days, making this a big deal in the mortgage world.Fixed rates have increased by about one percentage point, or 100 basis points, since the start of this … Read More
Mortgagepro for self employed mortgages.
Getting a mortgage as a self-employed individual. Are you aware of this? In the mortgage and financing industry, approximately 15%+ of Canadians are self-employed, which makes this a significant market. However, getting a mortgage as … Read More
Spring is in the air
Strong seller market? There are only a few weeks left until spring! So let’s take a look at the market trends for the upcoming Spring season since some of you might be ready to buy … Read More