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13
Oct

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 mortgage lenders. In doing so it can make buying a home more accessible to the first time...
11
Sep

What is a Mortgage?

So you have decided to give up on the winning the lotto to pay 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...
25
Aug

Mortgage with No Down Payment?

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...
18
Aug

What is a Construction Mortgage?

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...
18
Aug

Should I Choose a Fixed or Variable Rate Mortgage?

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...
18
Aug

Should I take Mortgage Life or Disability Insurance?

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...
11
Aug

Mortgage Renewal: Should I take the Bank’s Offer or Shop Around?

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...
20
Jun

What is the Difference Between an Open Mortgage and Closed Mortgage?

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...
22
May

What is the difference between a fixed and variable rate?

One of the first steps when picking a mortgage is picking what type of mortgage you want. Knowing the difference between a fixed and variable rate will help you determine the type of mortgage you want. A Fixed Rate Mortgage means that whenever you sign your mortgage you are...
16
May

Do You Have to Pay Mortgage Broker Fees?

You’ve decided you want to go through a mortgage broker instead of a bank for your mortgage. But one question you might be wanting to know is, Are there any mortgage broker fees? Even though a mortgage broker doesn’t charge you a fee, they are paid a one-time...