What Do I Do if Mortgage Rates Increase While I’m Trying to Buy a House?

What Do I Do if Mortgage Rates Increase While I’m Trying to Buy a House?

The most affordable mortgages are those that come with the lowest interest rates. The lower the rate, the less money you’ll have to pay for the interest portion of your mortgage, making the overall home loan much more affordable in the long run. Read More


Should You Spend the Entire Mortgage Pre-Approval Amount When Buying a Home?

Should You Spend the Entire Mortgage Pre-Approval Amount When Buying a Home?

If you’re considering buying a home in the near future, you’d be well advised to start getting your finances in order and making sure you’ve got the funds needed to make a home purchase. More specifically, you should find out exactly how much of a mortgage you’d be… Read More


How the New Canadian Mortgage Stress Test Will Affect Your Refinancing Plans

How the New Canadian Mortgage Stress Test Will Affect Your Refinancing Plans

As if getting approved for a mortgage wasn’t challenging enough, the new rules of the mortgage stress test could make it even harder. As of January 1st, 2018, all Canadian buyers who are obtaining a mortgage from a federally-regulated lender, including borrowers who put at least 20% as… Read More


How to Get a Down Payment For a House in Canada

How to Get a Down Payment For a House in Canada

If you’re hoping to buy a home sometime in the near future, odds are you’ll need to take out a mortgage to finance it. But even though you’re borrowing money to finance the property, you’ll still need to come up with a down payment. Mortgage… Read More


What’s the Difference Between a Collateral Mortgage Vs. a Conventional Mortgage?

What’s the Difference Between a Collateral Mortgage Vs. a Conventional Mortgage?

When it’s time to take out a mortgage to finance a home purchase, you’ll be inundated with all sorts of options and might wonder which one is right for you. Two types of mortgages that you may hear of include a “collateral mortgage” and a “conventional… Read More


What is a Power of Sale for a Mortgage?

What is a Power of Sale for a Mortgage?

When you take out a mortgage, you’re under legal obligation to make your payments in full and on time every month. Your lender specifically researches your financial history to make sure that you’re fully qualified and able to pay your home loan back, or else they would never… Read More


Features You Want to See In Your Mortgage Contract for 2018

Features You Want to See In Your Mortgage Contract for 2018

In previous articles, we’ve discussed the ways you can save for a down payment, get approved for a mortgage, and remain financially stable in the years that follow. We’ve also brought up the new Canadian mortgage rules and how they’ll affect a lot… Read More


What is the Minimum Credit Score Required For Mortgage Approval in Canada (2018)?

What is the Minimum Credit Score Required For Mortgage Approval in Canada (2018)?

It’s no secret these days that when it comes to houses, prices are on the rise. A home that was bought for less than $100,000 in the 1970’s might now be worth over $1,000,000 in certain parts of Canada. As a matter of fact, in more popular urban… Read More


How to Stress Test Your Mortgage 2018

How to Stress Test Your Mortgage 2018

Are you ready to become a homeowner? Then again, maybe you’re already a homeowner, but your mortgage is up for renewal, or you’re looking to upgrade to something more higher end than your current dwelling. Not so fast, because there’s one thing that might get in your way,… Read More


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