When you take out a mortgage to purchase a home, you must make consistent payments on the loan until it is paid off in full. Interest is deducted from each payment, while the remaining money is applied to the principal...
Are you in need of a mortgage and looking for a reliable mortgage broker near me? A mortgage broker is an expert who can get you approved for funds to buy your dream property. In British Columbia, potential property buyers...
Is it almost time to renew your mortgage? As a borrower, you have the option of looking for alternatives that better suit your financial situation or obtaining a cheaper mortgage rate each time your loan comes up for renewal.When it...
Need a mortgage but worried about if you’ll qualify or not? It may be difficult to obtain a mortgage, but for certain borrowers having established companies, bank statements or reference letters may be sufficient to get approved for a mortgage....
Canadians work hard to afford a home. However, the high cost of mortgage payments remains a barrier to homeownership, particularly among Millennials and Generation Z. To assist more Canadians, particularly younger generations, in acquiring their first home, new mortgage laws...
The Bank of Canada's third consecutive rate cut means the main interest rate is currently at 4.25 percent, down from the previous 4.50 percent. It’s believed that the cumulative 75-basis-point reduction will encourage more buyers to return to the market,...
Searching for a mortgage is quite similar and complex, just like shopping for a new home. Given how long you want your mortgage term to be, you should plan ahead of time and gather all relevant information before deciding between...
When applying a mortgage for a pre-construction home, you have several options to consider, including a fixed- or variable-rate mortgage. Comparing the benefits and drawbacks of fixed-rate versus variable-rate mortgages can be challenging since future interest rates are unpredictable.Fixed-rate mortgages...
The much awaited news for mortgage borrowers is here. The Bank of Canada lowered interest rates by 25 basis points to 4.75%. The Bank of Canada's policy rate, also known as a benchmark rate or overnight rate influences a bank's...
The first step to navigating the world of commercial real estate frequently entails acquiring a commercial mortgage, regardless of whether you're an investor looking to diversify your portfolio, an entrepreneur eyeing a new office space, or a business owner looking...