Under Canadian rules, you are completely free to decide how to use the equity in your home – and buying a new home is just one option The equity of the property purchased can be considered one of the most valuable assets a person has. Once someone starts making payments on a home loan, they… Continue reading A Wise Decision: Using Equity To Buy Another Home Canada
Buying a house is an important step, so you should be 100% sure that you know WHAT you buy. What should your home inspection checklist in Canada look like, and what areas need EXTRA attention? Read in this guide. What is Home Inspection A home inspection is a method of inspecting a house for defects,… Continue reading Home Inspection Checklist Canada: Room by Room Guide
Mortgages for self employed Canadians are rare as “special” programs, but you still can apply for a traditional mortgage from a bank. It’s not an easy process, but you can significantly increase your chances with some tricks. Here’s how to do it. What is Self-Employment First — the legal ground, just to be sure. Self-employment… Continue reading Mortgages for Self Employed Canada: The Guide
The Bank of Canada is signaling a faster pace in rate hikes. Here’s what it means for you and your blend and extend mortgage. According to the recent forecast, published by the entity, the first hikes in rates can already start as early as April of 2022, ending the era of record low-interest rates three… Continue reading Main Tips To Understand Blend And Extend Mortgage
A mortgage broker can become one of the most important people in your life since his job is to find a perfect offer for you and save thousands of dollars. It is quite a strange question to ask, how much do mortgage brokers make, so today we are going to talk more about ways mortgage… Continue reading How Much Do Mortgage Brokers Make
If you are starting to think of getting yourself a mortgage, you may also think about the average age to pay off mortgage canada. It is really worth knowing before making any deals because good planning of your expenses can save you thousands of dollars and millions of your nerve cells. An Average Age to… Continue reading What an Average Age to Pay Off Mortgage Canada Is?
Finding a good mortgage is not that easy as just snapping your fingers. Moreover, each decision on this matter is crucial, that is why we need to know what does a mortgage broker do since he is a link between you and your bank. Will he help you? You will know if you read further!… Continue reading What Does a Mortgage Broker Do
Imagine that you bought a house and started slowly paying off your mortgage, but something went wrong and you really need some cash. Do not worry, today`s have a lot of possibilities for that and it will be much better to choose between heloc vs refinance vs the second mortgage than having a new credit… Continue reading Heloc vs Refinance vs New Mortgage. Which One is Better?
Imagine that you finally got a mortgage, but suddenly found better conditions with lower mortgage terms and a longer amortization period. So, it doesn’t really matter what you decide to do, transfer your mortgage to another lender or refinance it with better conditions, there is a cibc mortgage discharge fee as well as other prepayment… Continue reading CIBC Mortgage Discharge Fee
In this article, we will talk about such an option as an interest-only mortgage. The real estate market in Canada offers hundreds of thousands of options – from small studio apartments to luxurious three-story mansions. Accordingly, the offers of banks are also diverse and you can choose the best option suitable for your life and… Continue reading Interest-Only Mortgage Explained