‍ 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...

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...

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...

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...

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...

What Is Mortgage Affordability? The term mortgage affordability is often used to describe the percentage of monthly income that can be allocated to a home’s mortgage payment. The Most Affordable Home Mortgage rates are different for everyone, but a benchmark is 28% of...

All You Need to Know About Bank Mortgages. Saving up the money to buy a home may be a daunting task. One of the financial hurdles today is saving enough for a down payment, which can be difficult depending on your income and expenses. This article will teach you how to get...

How Compounding Interest Can Impact Your Mortgage. Compounding interest is a way to make your money grow exponentially. It is the addition of interest that has been earned during a specific time period which then gets added to the principal of your account. The more time, the...

Mortgage Rates in Canada: What You Need to Know. Are you thinking about buying a home? Are you already a homeowner? If you are, you need to know the right mortgage rates in Canada. Mortgage rates are determined by many factors, including the time of year, where you are located,...

What is a Mortgage Stress Test and How Does it Affect You. A mortgage stress test is a recent measure introduced by the federal government to ensure that Canadians who are applying for mortgages are able to afford their monthly payments. The mortgage stress test was introduced in...