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Variable Rate Mortgages
What To Do With Your Variable Rate Mortgage
After ten increases to the Prime Rate, what should you do with your variable rate mortgage? ...
GTA Homeowners are Struggling with Variable Rate Mortgages
Published: Feb 13, 2023 How should you deal with your variable rate mortgage? It’s no secret GTA homeowners who have ...
Bank of Canada Rate Hike Announcement
After yet another Bank of Canada rate increase, we can expect the banks’ prime rate to increase commensurately. Here is ...
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Bank of Canada Rate Hike Announcement
After yet another Bank of Canada rate increase, we can expect the banks’ prime rate to increase commensurately. Here is the full fallout of the latest rate hike: ...
Mortgage Stress test – Everything you need to know and more
Much has changed since this article was first published back in 2018. The mortgage stress test is not a foreign concept to homeowners and homebuyers now.
But it HAS CHANGED ...
But it HAS CHANGED ...
When Do You Need a Co-Signer For Your Mortgage?
Mortgage qualifying rules are stricter than ever before. Mortgage rates are rising, and homes are more expensive in Canada. In this market, it's not always easy qualifying for a mortgage ...
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What Does a Private Mortgage Cost?
Private mortgages have a number of costs you may not expect, and different terms and benefits than traditional mortgages. Rather ...
Private Mortgage FAQs: What Is a Private Mortgage and When Would ...
Despite increasing in market share by nearly 50% in less than a year, most Canadians don't know what private mortgages ...
How To Bypass Canada’s Mortgage Stress Test When It Gives a...
Canada's mortgage stress test was designed to help ensure Canadians don’t overstep their financial means. However, there are special cases ...
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Awarded Best Mortgage Broker by Mortgage Broker Pros
Mortgage Broker Pros - Best in Mississauga "His services are particularly ideal for first-time homebuyers, investors, and anyone facing challenging circumstances such as inadequate credit or overwhelming debt." - Mortgage ...
What To Do With Your Variable Rate Mortgage
After ten increases to the Prime Rate, what should you do with your variable rate mortgage? ...
GTA Homeowners are Struggling with Variable Rate Mortgages
Published: Feb 13, 2023 How should you deal with your variable rate mortgage? It’s no secret GTA homeowners who have a variable rate mortgage have had a miserable time of ...
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Private Mortgage FAQs: What Is a Private Mortgage and When Would ...
Despite increasing in market share by nearly 50% in less than a year, most Canadians don't know what private mortgages are. This primer answers ...
Reverse Mortgages (55 yrs+)
If You Have Considered a Reverse Mortgage, Now Might Be the Best Possible Time to Tap Into Your Home Equity Reverse Mortgage is an ...
The Toronto Real Estate Market Is Alive and Well
It's no fun trying to buy a property in an overheated real estate market. Buyers find themselves competing against many others in an auction ...
How To Bypass Canada’s Mortgage Stress Test When It Gives a...
Canada's mortgage stress test was designed to help ensure Canadians don’t overstep their financial means. However, there are special cases where it makes sense ...
Rising Interest Rates and Your Mortgage
Mortgage interest rates rise and fall for many reasons. Some borrowers feel the full impact of these gyrations as they have a variable rate ...
Rebuilding Credit After Consumer Proposal or Bankruptcy
After you file a consumer proposal, expect your score to drop into the low 500’s, maybe even lower than that. No matter how bad ...
What is a Consumer Proposal?
Consumer proposals are an important part of the Canadian insolvency process, and are the main alternative to filing for bankruptcy. We answer 5 of ...
Using Home Equity Loan to Pay Off CRA Tax Debt
Tax arrears Is a debt that can't be negotiated away, with a creditor you can't afford to ignore. It's never fun being hit with ...
Is Mortgage Pre-Approval Worth It
Whether shopping for a new home, have a mortgage renewal coming up, want to refinance or just want to know how much you're able ...
Mortgage Pre-Approval In Canada: What It Is & How To Get It
Mortgage pre-approval is used by lenders to “vet” borrowers and estimate spending ability for a home purchase. Seven factors determine the amount, both for ...
First Time Home Buyers Ontario: Everything You Need to Buy Your F...
In this primer for first time homebuyers, we examine how you know you're ready to take the leap, 7 steps to become a homeowner, ...
How to Fix or Rebuild Credit Fast in Canada
Situations often arise where a new mortgage application, or car loan/lease, is impacted by a credit score that's lower than expected. Frequently errors, or ...
How to Improve Credit Score in Canada: Tips, Myths & Real Ca...
Your credit score always matters no matter if you are buying a home, renting an apartment, leasing a car or any number of things ...
Can You Be Denied A Mortgage Renewal? Mortgage Renewal Advice Fro...
Canada's mortgage stress test and a new international accounting standard -- IFSR 9 -- are creating tremendous uncertainty for mortgage renewals, including for some ...
Mortgage Renewal Tips For Ontario
Auto-renewing your mortgage is easy, but can be a very poor financial decision. These top 3 mortgage renewal tips will help you get the ...
Alternative Mortgage Lenders Explained
The media paints alternative lenders as shadowy, less-than-reputable lenders who prey on desperate homebuyers. We look at the important role that alternative and private ...
Getting A Mortgage After A Consumer Proposal
Suppose you were in a consumer proposal and it’s now completely paid off. You have received your completion certificate from the trustee and now ...
Buying a Home After a Consumer Proposal
Buying a home after a consumer proposal is a real possibility, but you must prepare for the credit history challenge. 3 scenarios for buying ...
Using Home Equity Loan & Mortgage Refinancing to Pay Off You...
If you are a homeowner in the middle of a consumer proposal, it's good to know you can get a home equity loan or ...
Two Ways To Pay Off Your Consumer Proposal Early
Once your consumer proposal is approved, a new reality sets in and you adjust to a life of better budgeting and without credit, it’s ...