According to recent data from Black Knight, 80% of mortgages originating in 2018 could benefit from refinancing. Coupled with data from the US Mortgage Bankers Association showing that refinancing applications are up 117% on last year, is it time you…
Refinancing a mortgage can potentially save you tens of thousands of dollars over the life of the mortgage. But many Canadian homeowners don’t refinance their mortgage when the opportunity arises because there are many mortgage refinancing myths floating around. These…
Qualifying for a mortgage can be stressful. But once you do, you have to decide what kind of mortgage you want. And there are a lot of different types of mortgages. It’s important to keep in mind that there is…
Shopping for a mortgage can be nerve-wracking and navigating the ins and outs of actually securing a mortgage is just the beginning. Once you qualify you have to figure out what kind of mortgage you want, and that can be…
Thanks to stricter lending rules, it’s getting more and more difficult to even qualify for a mortgage. Once you do, you’re not out of the woods yet. When you secure a mortgage it comes with a term and amortization period.…
What You Need to Know if You’re Self Employed Because of increasingly strict lending rules being handed down by the big banks and other traditional lenders, it can be difficult, at the best of times, to get a mortgage in…
When you refinance your mortgage, you are hitting the reset button; paying off what’s left on the original mortgage term. Because you are taking out a new loan, or refinancing, you are starting from scratch, and can determine new mortgage…
The idea of buying a second property used to be reserved for those who were well-heeled. Not anymore. Whether it’s used as a vacation property, a rental property, or to prepare for retirement, more and more middle-class Canadians are purchasing…
The dream of buying a home of your own, on your own, has become just that, a fading dream. There are two reasons for this: a strong housing market in the Greater Toronto Area and the prohibitive mortgage rules. The…
For many, qualifying for a mortgage is stressful. But getting your mortgage renewed can also be stressful. Just because you have a mortgage doesn’t mean your renewal is 100% guaranteed. There are a number of reasons why your mortgage renewal…
