Most young Canadian families are wondering, what is a mortgage and what is a mortgage pre approval? Obtaining pre approval is an important (but not necessary) step in the home buying process. Calculating your estimate gives you a clearer picture of your purchasing power. The most important argument in favor of this procedure is the… Continue reading What is a Mortgage Pre Approval in Canada in 2021

In this article, we will look at the nuances of mortgage renewal vs. refinance. Now that bank rates have risen, many Canadians are wondering how best to deal with mortgages. Therefore, it is extremely important to understand what mortgage refinance is and how to extend the repayment period to your advantage. What is Mortgage Refinancing?… Continue reading Mortgage Renewal vs Refinance in Canada: The Key Differences

You finally have saved enough money for your down payment. Congratulations! But, wait… A friend of yours came to you and asked something about closing costs and how much are lawyer fees when buying a house. What?! You did not expect that at all. A lot of people underestimate closing costs, while they can eat… Continue reading How Much are Lawyer Fees when Buying a House?

If you are a first time home buyer canada we have really great news for you! You may be a participant of a special governmental program, for those who are new to mortgages. It is called First-Time Home Buyer Incentive and as you can guess from the title it is very useful for you, especially… Continue reading What to Know about the First-Time Home Buyer Canada Incentive

Despite the fact that you were able to save money for the down payment (or even not, it depends) there are still a lot of years ahead of you to pay your mortgage. When signing the documents you will need to choose biweekly mortgage payments vs monthly. This choice depends on your desires, whether you… Continue reading Biweekly Mortgage Payments vs Monthly. All You Need to Know

Finding a good place to live is a real challenge and finding money to pay for it is even more challenging. To ease your life a bit you should definitely find a mortgage broker, so today we will talk about questions to ask a mortgage broker after you found him or her.  Do not be… Continue reading Questions To Ask a Mortgage Broker

Moving to another country permanently is already a big deal. But if you even decided to buy a house in that country — you are a real hero to us. Especially for you, we will be talking about mortgage for new immigrants canada, what you can expect from it, what documents you will need, and… Continue reading Mortgage For New Immigrants Canada

Getting a mortgage is hard. Real estate prices in Canada, and especially in the Greater Toronto Area, are through the roof. The last thing you need in this situation is a ton of extra expenses just to cover mortgage closing costs Ontario.  There’s a pretty big chance that you’ll never buy anything more expensive than… Continue reading Mortgage Closing Costs Ontario — and How to Cut Them

Being able to pay off your mortgage feels good. Watching OTHERS pay off your mortgage is even better. That’s why refinance rental property is worth it. This, and a dozen other benefits — in our guide.  Whatever people say — the life of a landlord is not always easy. Of course, those who rent out… Continue reading Refinance Rental Property Like a PRO