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

Given the high cost of homes in most major Canadian cities, a joint mortgage might seem like a great idea. Owning a home individually can in many cases be costly and even unwise. This is why so many consumers choose a joint mortgage in Canada. As the name suggests, a joint mortgage (also known as… Continue reading What Does a Joint Mortgage Mean?

Purchasing property, many Canadians struggle to choose between an open mortgage vs. closed one. Choosing a house or apartment, each of us starts from our personal preferences and capabilities. Therefore, banks offer flexible programs with different conditions. One of these possibilities is an open or closed mortgage. One Variant — Different Meanings The distinguishing feature… Continue reading Open Mortgage vs Closed – the Key Differences

When choosing a bank you should consider not only mortgage rate and payment options but also different fees that the bank can take from you. So, today we will illustrate the penalty for breaking mortgage scotiabank, show you how it is calculated, and tell you other useful information. Prepayment Penalties Prepayment penalty is a change… Continue reading Penalty for Breaking Mortgage Scotiabank

One of the first choices which you need to make, when you are applying for a mortgage is to choose one of the mortgage payment options. The most popular are weekly vs monthly mortgage payments. And, as you can guess, today we are going to talk about them, payment options in general, we will slightly… Continue reading Weekly vs Monthly Mortgage Payments

Imagine that you have already dealt with normal mortgages, you know everything about them and even already paid one, but here comes the commercial mortgage rate and commercial mortgages in general. You need this type of loan if you are a businessman, for example, self — employed or you want to invest in real estate.… Continue reading Commercial Mortgage Rate vs Mortgage Rate