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...
Are you planning to apply a home equity loan? If yes, it’s better to stay aware of its advantages and disadvantages before applying to avoid any last minute surprises. A house equity loan is a loan secured by the borrower...
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...
Are you looking to buy your first home in Canada? If you're a first-time home buyer, you may be very excited to purchase a home you can proudly call your own and may require financial assistance to achieve this dream...
When it comes to mortgage approval, there are many alternatives to get the funding you need than ever before. From banks to lenders and brokers to MICs, you can compare and choose the most favorable deal that suits both your...
In Canada, CMHC insurance, also known as mortgage default insurance, is required for down payments ranging from 5% to 19.99%; these mortgages are referred to as high ratio mortgages. The insurance is computed as a percentage of the entire mortgage amount....
Aiming to purchase a new house? The rising cost of real estate in Canada may make purchasing a home seem unattainable. You are at least partially aware of the difficulties in managing significant monthly expenses if you currently pay rent....
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...
Want to apply a commercial mortgage application? Wondering how the commercial loan application process works? Knowing or understanding every stage of the mortgage process can be difficult and frustrating, especially if you are a first-time borrower. Every mortgage application is...