Why are many people interested in the issue of collateral vs conventional mortgage today? Which option to choose when buying a home? Houses in Canada tend to rise in price every year due to the constant influx of new immigrants and growing demand. Having a home is a dream and a goal for many because… Continue reading How to Buy a Home in Canada: Collateral vs Conventional Mortgage
Mortgage Underwriter: What They Do and How to Make Them Your Ally
Do you need mortgage underwriter? Mortgage loans are associated with risks by both parties. The bank wants to know if they can trust you with the money, and you want to know whether you can trust the bank. While your weapon of choice is mostly research — the bank has professional mortgage underwriter to make… Continue reading Mortgage Underwriter: What They Do and How to Make Them Your Ally
Mortgagee vs Mortgagor Definitions and Meaning
What’s the difference between mortgagee vs mortgagor? The mortgagee is the lender, the mortgagor is the borrower. Now, why do we not use simple words and make things so complicated? Leo Tolstoy’s “War and Peace” and “Finnegan’s Wake” by James Joyce can fight for the title of the “hardest to read” book, but we’re pretty… Continue reading Mortgagee vs Mortgagor Definitions and Meaning
Home Appraisal Cost in Canada: How Much and Why You Need it in 2021
A home appraisal is a big part of any real estate deal, but luckily — not the most expensive one. Here’s all you need to know about it in 2021. Whether you sell your house or want to buy one — you need a professional to look at it to tell you the true value.… Continue reading Home Appraisal Cost in Canada: How Much and Why You Need it in 2021
How to remove name from property title Ontario
There can be various situations in life – sometimes, we need to remove name from property title Ontario. Here is the ultimate guide on how to do that According to the rules in force, all the property owners should be listed in the documents relating to that property. However, life is unpredictable, and in some… Continue reading How to remove name from property title Ontario
Is there a possibility to avoid CMHC fees?
If the thought of paying for a loan seems painful to you – there are some ways to lower the amount you have to pay for mortgage insurance. What usually comes to mind when we think of taking out a credit? Of course, we think of several things – the borrowing rate, the amount of… Continue reading Is there a possibility to avoid CMHC fees?
Paying Off Mortgage Early: The Realistic Guide
A mortgage is like your step-brother from the countryside that came to help with the renovation: he’s helpful, you couldn’t do it all alone, but if he decides to stay at your place for the next 30 years — you wouldn’t be happy. Here’s how to politely ask it to leave — paying off mortgage… Continue reading Paying Off Mortgage Early: The Realistic Guide
Construction Loan Guide for Canada in 2021 — All the Details Explained
Some people are happy with the existing housing market options. Some are not. Despite all the differences, both probably need a loan to move into their dream house. A construction loan is the weapon of choice for those who need to build it first. When you look at the real estate market today — you… Continue reading Construction Loan Guide for Canada in 2021 — All the Details Explained
Claim all You Can: 5 ways to Get More Money from the Government
The words “Free Money” may arouse suspicion. However, when the money comes from the government and not the other way around, why would you turn it down? Make sure you are aware of every possibility you have with these five extra ways. There are all sorts of monetary incentives that should motivate people to lead… Continue reading Claim all You Can: 5 ways to Get More Money from the Government
Get the Key Differences of Cosigner vs Co-borrower for Safe Loan Applications
If your current financial situation is not strong and you need to borrow money, you can use the borrower-co signer relationships to your benefit. Figure out the cosigner vs co-borrower here to see which type of assistance to seek for. Cosigner vs Co-borrower: Understanding the Core Understanding the cosigner vs co-borrower issue is crucial before… Continue reading Get the Key Differences of Cosigner vs Co-borrower for Safe Loan Applications