The mortgage stress test has placed stress on many would-be homeowners since its implementation early last year. But recent changes to the test’s format will make it a bit easier on homeowners. Read More
Mortgages are a big commitment. Both you and the lender are legally bound to the mortgage for the duration of the term. But there are cases where you may consider breaking your mortgage contract. How exactly can you get out of a mortgage without a penalty, and if so, is it worth it? Read on to find out. Read More
It has become increasingly difficult for would-be homebuyers to purchase their first home in certain markets, most notably in Toronto and Vancouver, the country’s most expensive cities. But a new rebate program seeks to provide prospective homeowners with some much-needed relief. Read More
Searching for a mortgage is about a lot more than simply finding the mortgage with the lowest rate. If you were searching for a new TV set, you wouldn’t just buy the TV set with the lowest price. You’d consider other factors like screen size, resolution and refresh rate. So, why do so many of us make this same mistake when it comes to our mortgages? We search for the mortgage with the lowest rate, ignoring other important factors. Read More
