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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...
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 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...
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...
29
Apr

Mortgage Rate at an All Time Low – Meridian Credit Union

Mortgage rates seem to be getting a little better but do you qualify for this low rate? Ontario’s largest credit union has taken the term mortgage rate to an all time low— 1.49 per cent. What are the criteria for this low mortgage rate? The unusual offer from Meridian Credit...
12