Renewing your mortgage is an important decision that can significantly impact your financial future. While it may seem like a straightforward process, there are many factors to consider when applying for a renewal mortgage. This guide will explore the key things you need to keep in mind to ensure you make an informed decision. Factors […]
As a homeowner, you may find yourself in need of additional funds for various reasons, such as home renovation, debt consolidation, or education expenses. One option to consider is a second mortgage. A second mortgage is a loan that allows you to borrow against the equity in your home after your first mortgage is paid […]
Does it Make Sense to Renew My Mortgage Early? Is your mortgage set to renew soon? It’s important to get your mortgage broker negotiating on your behalf about 3-4 months in advance to give ample time to find the very best mortgage product and rate to fit your needs. While your existing lender is required […]
In today’s hot housing market, where inventory is low, demand is high and mortgage rates are at record lows, securing a mortgage preapproval has never been more important. Obtaining a preapproval is highly recommended before you even begin house hunting so you understand what you can comfortably afford to spend on a property. During this […]
Mortgage Deferral Shouldn’t Impact Your Credit Score Last year, in an effort to assist individuals facing significant financial hardship due to the COVID-19 pandemic, the federal government implemented a number of relief measures including the opportunity for Canadian lenders to allow customers to defer their mortgage payments for a set period of time. At the […]
If you’re feeling overwhelmed by your monthly financial obligations, you may want to consider using the equity you’ve built up in your home to consolidate debt and take advantage of today’s historically-low interest rates, which allows you to save money and improve your cash flow. With consolidated payments, you can efficiently eliminate debt as well […]
5 Factors to Consider When Applying for Renewal Mortgages
/0 Comments/in Uncategorized /by Angel BinaRenewing your mortgage is an important decision that can significantly impact your financial future. While it may seem like a straightforward process, there are many factors to consider when applying for a renewal mortgage. This guide will explore the key things you need to keep in mind to ensure you make an informed decision. Factors […]
Unlocking the Potential of Your Home: Finding the Right Second Mortgage
/0 Comments/in People, Stories /by Angel BinaAs a homeowner, you may find yourself in need of additional funds for various reasons, such as home renovation, debt consolidation, or education expenses. One option to consider is a second mortgage. A second mortgage is a loan that allows you to borrow against the equity in your home after your first mortgage is paid […]
Does it Make Sense to Renew My Mortgage Early?
/0 Comments/in Uncategorized /by LarissaDoes it Make Sense to Renew My Mortgage Early? Is your mortgage set to renew soon? It’s important to get your mortgage broker negotiating on your behalf about 3-4 months in advance to give ample time to find the very best mortgage product and rate to fit your needs. While your existing lender is required […]
Preapproval Doesn’t Guarantee Your Mortgage Approval
/0 Comments/in Uncategorized /by LarissaIn today’s hot housing market, where inventory is low, demand is high and mortgage rates are at record lows, securing a mortgage preapproval has never been more important. Obtaining a preapproval is highly recommended before you even begin house hunting so you understand what you can comfortably afford to spend on a property. During this […]
Mortgage Deferral Shouldn’t Impact Your Credit Score
/0 Comments/in Uncategorized /by LarissaMortgage Deferral Shouldn’t Impact Your Credit Score Last year, in an effort to assist individuals facing significant financial hardship due to the COVID-19 pandemic, the federal government implemented a number of relief measures including the opportunity for Canadian lenders to allow customers to defer their mortgage payments for a set period of time. At the […]
Have You Considered Debt Consolidation?
/0 Comments/in Uncategorized /by LarissaIf you’re feeling overwhelmed by your monthly financial obligations, you may want to consider using the equity you’ve built up in your home to consolidate debt and take advantage of today’s historically-low interest rates, which allows you to save money and improve your cash flow. With consolidated payments, you can efficiently eliminate debt as well […]