Latest Mortgage News

Read latest mortgage news and updates from best industry resources.

Fixed-Rate vs. Variable-Rate Mortgage: What’s the difference? And which one should you choose?

October 12th, 2018MortgagesComments Off on Fixed-Rate vs. Variable-Rate Mortgage: What’s the difference? And which one should you choose?

One of the major decisions that homebuyers have to make when taking out a loan is whether they would prefer to have a fixed-rate or a variable-rate mortgage. What’s the difference? With a fixed-rate mortgage, the rate and payment you make each month will stay constant until the term of your loan is complete. With […]

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What Type of Mortgages Are Available to Canadians?

October 3rd, 2018MortgagesComments Off on What Type of Mortgages Are Available to Canadians?

The majority of Canadian home-buyers will choose to finance their homes with a lender. Doing so will allow them to pay the cost of their property in installments. When it comes to financing, Canadians have various different mortgage options available to them in their new home purchase. In this blog, we will outline these mortgage […]

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The Hidden Costs of Buying a Home

October 2nd, 2018MortgagesComments Off on The Hidden Costs of Buying a Home

Buying a home is one of the most amazing accomplishments you can achieve in life. If you’re in the market for a home, it’s important to understand that the purchase price is not the only cost in the home-buying process. In this blog, we want to shed light on all the hidden costs that come […]

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How to develop healthy financial habits

October 1st, 2018MortgagesComments Off on How to develop healthy financial habits

Having healthy financial habits is absolutely necessary in order to achieve many of your life goals such as buying your first home, paying for your education, or even purchasing a car. Knowing that you’ll have the money you need, when you need it, will help you reach your objectives faster and without hassle. For many, […]

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5 Ways to Finance Your Home Renovations

September 24th, 2018MortgagesComments Off on 5 Ways to Finance Your Home Renovations

A well-planned home renovation can greatly improve the look and feel of your home and can be a strategic way to increase the value of your property. But, before you start tearing down walls and ripping out floorboards, you should take into consideration these 5 financing options that may help you cover the costs of […]

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How Much Down Payment Do I Need?

August 10th, 2018MortgagesComments Off on How Much Down Payment Do I Need?

A down payment is your first cash-down on the home price when you make an offer to purchase. Once it is paid, it is subtracted from the purchase price of your home. The remaining cost is subsequently paid-off through your mortgage loan. The amount that you put in for your down payment varies and depends […]

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Should You Continue Renting or Should You Buy?

July 31st, 2018MortgagesComments Off on Should You Continue Renting or Should You Buy?

The renting vs. buying debate has been an on-going topic for years. While some people argue that renting is a waste of money, others claim that it’s actually a lot cheaper than buying. So, who is right? The correct answer is that it really depends on your individual situation and the general state of the […]

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Are you financially ready to buy a house? A Quick Guide to Purchasing Your First Home

July 31st, 2018MortgagesComments Off on Are you financially ready to buy a house? A Quick Guide to Purchasing Your First Home

Buying a home is an amazing accomplishment but it will also be one of your biggest investments. Purchasing a house is a major financial decision which is why it is important to make sure that you are making the right choice. Fortunately, there are steps you can take to figure out if you are truly […]

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