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21
Sep

How to Calculate Amortization in Canada – A Step-by-Step Guide

Anyone who has taken out a mortgage or loan knows that paying back your loan is not easy. The monthly payments can seem overwhelming, and it’s easy to get confused about how much you need to pay each month and when. Thankfully, there are many online tools and calculators that...
21
Sep

We’re Looking At How to Buy a House, And What You Should Know

When you first start to think about buying a house, the reality can seem a little overwhelming. There are so many different things to take into account and put into action. From figuring out how much you can afford, to working out what mortgage is right for you, there are so many...
05
Jul

The Complete Guide to Mortgage Forbearance: How It Works and When it Ends

The Complete Guide to Mortgage Forbearance: How It Works and When it Ends Mortgage forbearance is an option that lenders offer when a borrower may face challenging financial circumstances. When you’re unable to make your mortgage payments for any number of reasons, your lender...
05
Jul

What the CMHC Means for You: What It Does and Why It Matters

The Canada Mortgage and Housing Corporation (CMHC) is a federal organization that offers insurance services, housing policy advice, and housing research. It was established in 1946 as a non-profit corporation with the goal of promoting affordable home ownership and accessible...
10
May

Average Mortgage Payments in Canada: How Much to Expect When Buying a Home

When you’re ready to buy your first home, you know you can’t put off that first step any longer. You’re ready to go home. But do you know what a mortgage payment is? What does it mean to own a home? Will you be able to afford it? While you may have answers to some of...
10
May

5 Tips to Pay Off Your Mortgage Quickly and Easily

‍ Did you know that you can pay off your mortgage in less than 15 years? In fact, some mortgage lenders will even offer mortgage refinancing to help you do just that? If you’re ready to shake off the shackles of mortgage debt and become debt-free, you need to read this. Mortgage...
13
Apr

Mortgage Rates: The Current State of Affairs

A mortgage can be a powerful tool for investors. It helps them buy a piece of real estate, usually a home, at a discount. That discount is the difference between the mortgage value and the selling price of the property. Investors who purchase properties at a discount are called...
13
Apr

How to Complete a Mortgage Sale in 5 Steps

A mortgage can be a powerful tool for investors. It helps them buy a piece of real estate, usually a home, at a discount. That discount is the difference between the mortgage value and the selling price of the property. Investors who purchase properties at a discount are called...
17
Mar

Is a Flexible Mortgage Right for You?

A mortgage is a loan given to you by a bank, typically in the form of a variable-rate long-term debt. The difference between a fixed rate mortgage and a variable rate mortgage is that with a fixed rate mortgage, the interest rate remains unchanged throughout the entire term of...
17
Mar

3 Reasons Why Your Mortgage Renewal Could Be Denied

The mortgage renewal process is a way to refinance your existing loan. After 18 or 36 months, the interest rates on the loan are re-adjusted to the current market rate at that time. If you have a good credit score and your income has increased, it’s likely that you will be able...