Mortgages Articles | shoptherate.ca Blog
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Mortgages Articles


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

Picture this: you’re gearing up to buy a new home and you’re going through a checklist of things you have to do. Several questions are swirling around in your mind, and chief among them are “What’s the difference between a fixed-rate and a variable-rate mortgage?” and “Which is the right one for me?”   Read More

When buying a home and shopping for the best mortgage rate in Canada, it is easy to become hyper focused on the lowest rate available and miss other factors that might have a big impact on your mortgage rate and type decision. Although it’s true that the mortgage rate will be a big determining factor for many people, there are other factors that can be equally or more important for your circumstances.   Read More

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