Category: Mortgage

Home builder mortgage is a real alternative to buying a home from someone who made it perfect to their, not YOUR taste. Here are all the stages of the process and pitfalls you may face — and of course, the way to avoid them.  We all want something different. If you are looking for a… Continue reading Home Builder Mortgage — a Real Alternative Guide

The Government of Canada has developed a special assistance program for Canadians who are struggling with problems related to a home purchase – rent to own homes. For many Canadians, buying a personal residence is a lifelong dream. When circumstances are favorable and the thought arises in your mind that now is the perfect time… Continue reading Rent to own homes – the secret way to buy a house in Canada

Mortgage stress test appears to be one of the most difficult for Canadians, especially after a recent update. But despite the difficulties, here are some tips on how to pass it well. There is hardly a person in the world who has never been afraid of a mortgage. Everyone knows that a loan not only… Continue reading Mortgage Stress Test: Everything You Need To Know

One of the big problems with divorce is the issue of a mortgage taken with your partner. To avoid an unpleasant fight in court, one of you can buy out the partner’s share, which will resolve the issue of property management in the future. We will discuss how to do it, how much it may… Continue reading Buying Your Partner Out Of a Mortgage

Choosing between the different types of mortgages is not that hard if you know the jargon – here is a guide of credit options widely used in Canada. If you are taking out a loan for the first time, it can be easy to get confused – there are many options. Here in the article,… Continue reading The most popular types of mortgages in Canada

There is a chance to improve your financial situation if you have taken a mortgage – you can lower your borrowing costs or even get more money against the value of your home. The answer to the question “What is refinancing a mortgage?” lies in this article. To get better credit terms, many owners of… Continue reading What is refinancing a mortgage? How can you change the terms of your mortgage?

Almost every country requires a down payment on a home loan. In Canada, there are variable mortgage options that suggest different possible amounts for the down payment. It’s obvious that if you want to buy a house, you’ll have to make a down payment. And, of course, you have wondered what is a down payment… Continue reading What is a down payment? Are there nuances in Canada?

Getting a pre-approval for your mortgage is a vital stage in your arrangement to purchase a house. In the article, we explain the contents of “mortgage pre-qualification” and “mortgage pre-approval”, as well as elaborate on its advantages. Suppose you have decided to purchase your first home. You think about closing expenses and the significance of… Continue reading 5 benefits of Mortgage Pre-approval in 2021

“I don’t know my credit score, but I know they won’t give me anything because of that one payment on a student loan I missed nine years ago”. Sounds familiar? It’s also a completely wrong approach. A surprising number of people don’t even try to buy a home because they think they won’t get mortgage… Continue reading How to Get Bad Credit Mortgage Loan Easily Avoiding Mistakes Today