Although private mortgage lenders will almost certainly have higher rates than the major banks, borrowers can expect some variance. In this piece we’ll explore how private mortgage lender rates are determined and how you can score a better rate! Read More
Losing your job before your renewal can be stressful, but in most cases you will have options available to you. If you’ve recently become unemployed and aren’t sure of how it will impact your mortgage renewal, this article will be a helpful resource for you. Read More
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
When most homeowners get their first mortgage, it is usually a conventional mortgage. But conventional mortgages aren’t the only option available on the market. Some people choose to get a collateral mortgage instead. Read More
While a traditional mortgage is usually the first choice of homebuyers, there are often instances where that option might not accessible or available to you. In those cases, you may have to approach private mortgage lenders in order to get your mortgage. Read More
When your mortgage term is nearing its expiration, you will need to renew it for a new term if there is still a balance remaining on it. The mortgage renewal process provides you with an opportunity to reassess your current mortgage product in relation to your financial standing and goals. 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
When your mortgage term is close to expiration and the principal is still not paid off, you must renew the mortgage. You can either renew it with your current lender or move it to a different one. What happens if you don’t renew your mortgage with your lender? Read More
A method designed to help keep Canadian homeowners on the right track financially with their mortgages may actually be doing more harm than good. Read More
In today’s housing market, rising home prices and mortgage rates make home ownership prohibitive to many people. But the performance of government bonds could bring some good news to those carrying a mortgage. Read More
