Tag

So you’re looking to understand the prime rate in Canada when it comes down to mortgages. The prime rate is usually referring to the interest rate that large banks charge on short-term loans to their best customers. It is used as a guideline for interest rates. The prime...

It is that time of year, time to get your mortgage renewal out of the way. Here are some tips to help you to get the most out of your mortgage renewal 1. Get going early on your mortgage renewal Start shopping around 6 months before your mortgage renewal is up. That is the...

We get asked a lot — What is Genworth (now known as Sagen)?.   What is Genworth? Genworth is a Mortgage Insurance Underwriting firm and is the largest private residential mortgage insurer in Canada. It provides mortgage default insurance to Canadian residential...

So you have decided to start saving up for your first home purchase?  Well, rest assured you can still find the funds to purchase your home. We know that it can be overwhelming when trying to decide what to do and where to go. But what is a mortgage? It is a collateral loan taken...

Wondering if you can get a mortgage without a down payment? The simple answer to this question is yes but no. Though there may be some advertisements out there stating NO DOWN PAYMENT, buyer beware!!!  Here in New Brunswick technically speaking you must have at least 5 % to put...

Have you ever thought of building your dream home but have no idea how to finance it?  Well then a construction mortgage may be just the thing for you! We can help you understand the terms that will come with a construction mortgage and answer any questions you may have regarding...

If you are trying to choose between a fixed or variable rate, it can seem to be a daunting task.  That is where we come in to help you choose the best option for you and your own personal situation.  The first step is understanding what a variable rate vs a fixed rate is. A...

Common sense tells us to purchase home insurance so if anything such as a fire should happen you are protected by your insurance. What if something should happen to you and you are no longer able to make your mortgage payments?  This is where Mortgage Life and Disability...

CONGRATS!!!  You’ve reached a mortgage renewal!!!!  This means that you have reached the end of a term within your mortgage agreement.  The question is do you take the offer your current lender has sent you or shop around? You may think that because you have been a great client...

It’s good to know as much as you possibly can about your mortgage before you sign the agreement. You don’t want there to be any surprises and having a basic knowledge of the different types of mortgages can help you feel more secure in the overall process. Knowing...