Breaking your mortgage sounds like an alarming proposition, and it can be! Depending on the terms of your loan, it can cost you penalty fees to break your mortgage, so most borrowers want to avoid it, if at all possible. That said, statistics show that up to 60% of borrowers break their mortgage before the […]
One of the most important decisions you will make regarding your mortgage is whether to choose a variable rate mortgage or a fixed rate mortgage. Your decision should be based on your unique circumstances and financial situation, as well as your property buying goals and priorities. Under the right circumstances, a variable rate mortgage is […]
When it comes to financing and purchasing property, knowledge is power! This article will delve into the main factor that determines your Mortgage Rate: your interest rate. The interest rate can make all the difference when it comes to the size of your mortgage, and the duration of your term. There are so many factors […]
With today’s tumultuous financial environment, the Bank of Canada has been making frequent rate changes and announcements in an effort to steer the economy towards stability and prosperity. No matter how well intentioned these changes are, they can cause a lot of confusion and concern for homeowners who are worried about how it might affect […]
A MORTGAGE – One of the biggest financial decisions you’ll make in your life, and one of the trickiest to navigate! Check out these top 5 things to consider before you choose the mortgage broker you want to work with. A good mortgage broker loves their job and fosters relationships with lenders as well as […]
Thinking of buying your first home? That’s exciting! It also can be a little bit scary – first-time home buyers face a big financial commitment and tons of new information. Here are 5 tips to help first time home buyers before you start your house hunting journey! Start saving early if you can & know […]
