Buying Your First Home in Canada Being a first-time home buyer (aka FTHB) is an exciting position to be in. The dream of owning your own home is a fascinating one and comes with all sorts
Bridge Loans: Making It Possible to Buy Before You Sell Learn how bridge loan financing can help you buy your new home before selling your current one.
Open vs Closed Mortgages: Which One Is Right For You? Buying a house can be one of the most exciting things you can do in your life, especially when it's your first one. Finding a home that meets your needs
Porting A Mortgage: How To Transfer Your Mortgage Successfully It is becoming increasingly uncommon for homeowners to own their homes for long periods of time. People have become quite transient over the last few decades. Relocating for work happens
Conventional vs. High Ratio Mortgages: Which Should You Choose? Buying a home is always a mix of asking fun and exciting questions as well as heavier and even stressful questions that can have long term implications. The fun and
Joint Mortgages: Navigating the Pros and Cons With the price of homes rising across the country, it is becoming increasingly challenging for people to get into the housing market. While interest rates remain relatively low, mortgage affordability
Life Insurance & Mortgages: How The Two Go Hand in Hand If you currently own a home or are planning to buy one soon, you probably know that you’ll likely need a mortgage to pay for it. What you might
5 Tips For Saving Money As a New Homeowner Written by Barry Choi Congratulations, you’ve bought a new home! This is one of the most exciting times of your life, but you’ve likely quickly realized that being
First Time Home Buyers Tax Credit Purchasing your very first home can be one of the most exciting and overwhelming experiences of your life. This occasion typically comes with lots of questions and uncertainties. One of
How Often Should I Pay My Mortgage? Biweekly? Monthly? A big question that eventually comes up with any mortgage is how to handle paying it off. Most lenders will give you a variety of options when it comes to
Vendor Take Back Mortgage A vendor take back mortgage is a type of mortgage that benefits both buyers and sellers in a unique way. While these types of mortgages are most common in commercial
Conventional Mortgage vs. Collateral Mortgage When it comes to a mortgage for your house, there are numerous factors to consider. Fixed rate vs. variable rate, term length, down payment percentage… these are a few of
Interest Rate Differential (IRD) and Penalties Interest rate differential is a big phrase that comes up if you are considering refinancing your mortgage. You might be in an unfortunate situation where you need to consider refinancing
Mortgage Loan Insurance in Canada: What Is It? Do I Need It? Mortgage loan insurance (or protection insurance) is one of the big questions that arises when you're taking on a new mortgage. Whether it's your first time buying a home or
Bona Fide Sale Clause: What Is It and When Is It Helpful? If you are a homeowner shopping for a new mortgage, renewing your mortgage or refinancing, one of the biggest factors on your radar is likely the interest rate. Because the
Fixed vs Variable Mortgages Whether it's your very first home or whether you've landed your dream home, the option of a fixed rate vs variable rate mortgage eventually comes up when it's time to
When Is the Best Time To Refinance Your Mortgage? With interest rates on mortgages being as low as they've ever been, the question of when you should refinance your home might be swirling around in your head. Refinancing your
Canadians: Is It Better To Pay Off Your Mortgage Or Invest? A common question that arises as you take on a mortgage is whether to pay it off early or whether to invest any extra cash you have on hand elsewhere.
Purchase Plus Improvement Mortgage - How Does It Work? Purchasing a new home is always filled with so many variables and choices to make. One of the common decisions that needs to be made is whether to purchase a
Credit Score Impact: How Does A Mortgage Pre Approval Or Refinancing Affect Your Credit? It's a fairly well known fact that your credit score is one of the most important factors when you are wanting to obtain a mortgage. Your credit score tells lenders