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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...

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...

What are the different mortgage types you ask? 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. Here at The Mortgage center, our brokers are trained to choose the best mortgage...

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...

So if you have 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...

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...

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...

You may be asking yourself, 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. For some people it is the hardest part in obtaining a mortgage. It can be difficult to...

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...