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11
Sep

What Are Different Mortgage Types?

When it comes to getting a mortgage it is good to know that there are several different mortgage types you can get based on your own specific needs.  Whether buying your first home, renovating your existing one or making that final dream home purchase, there are options available...
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...
20
Aug

What is Default Insurance?

So you’ve noticed that you are paying an insurance premium on your mortgage and are wondering what it is and why you have no choice in this insurance option. This is called default insurance. Mortgage default insurance protects the lender from losing out should a mortgage default...
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...
06
Jun

Can I use My RRSPs for a Down Payment?

Coming up with money for a down payment for a mortgage could be the only thing standing in the way for a potential homeowner. It can be difficult to come up with the large sum of money for a down payment, but this shouldn’t be the only thing that stands in your way between...
02
Jun

What is the CMHC?

The CMHC (Canadian Mortgage and Housing Corporation) has been Canada’s housing authority for more than 65 years. The CMHC contributes to the housing market and financial system to help support Canadians with their housing needs. They have information on almost anything...
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...
12