home for sale

Canadians Are (Still) Buying Properties Amid COVID-19

When the pandemic struck in late 2019 and wreaked havoc across the globe mid-first quarter of 2021, the outlook towards the Canadian housing industry was bleak. Real estate has plunged and interest rates for mortgages dipped placing the ownership of properties in almost dire straits. The reason for this is simple: the pandemic caused social […]

manage your debt

7 Actions to Manage Your Debt in 2021

We are going to digress in our today’s blog. Our concern is about a topic that upsets many people most especially first-time house buyers like you – bad credit You are going to learn 7 tips regarding proper debt management that will give your financial standing a make-over to keep it in tip-top shape. Not […]

home maortgage transfer

Is Your Mortgage Loan Contract Transferrable?

When you purchased your property, the first person with whom you sought assistance was your mortgage loan adviser. It was through him/her that you were educated regarding the rudiments of mortgage loans and what type you should choose so that you won’t end up having any difficulty in meeting your monthly obligation (i.e., amortization payment). […]

home buying pitfalls

Top 6 Pitfalls First-Time Homebuyers Must Avoid

Once you enter the adulthood phase, one of the most exciting occurrences that you will ever experience is to be buying your own house. However, purchasing one is totally different against renting one for a good number of reasons. We won’t be listing them on this blog since (1) this is not the scope of […]

vairable rate save or cost money

Variable Rate: Will this Save or Cost You Money?

We have dealt with so many topics and sub-topics surrounding mortgage loans. Some were technical while some were theoretical. However, we cannot escape the reality that one of the major players in the mortgage arena is interest. It is through this fractional amount – often represented as a percentile value – of the principal that […]

mortgage rate

Should You Break Your 5-Year Fixed Rate Mortgage?

Breaking your five year fixed rate mortgage may come to you as your means of saving money in the long run. You shorten your mortgage loan term, you immediately settle the loan, and you finally start anew with a fresh supply of capital in your bank account. Fantastic! But is it worth your effort and […]

mortage pre-approval

Tips for a Larger Mortgage Pre-Approval

House hunting – the very definition of looking for a house that suits your every fancy – is full of unexpected surprises that will “kill you with overwhelming caveats” that you just cannot take for granted. In other words, you are as helpless as driftwood on a seabed full of traps and sinister surroundings that […]

Mortgage Loan Types

10 Mortgage Loan Types and Down Payment Schedules

How many times have you witnessed this scenario: customer wants to buy a house so he/she goes to the bank and applies for a housing loan, bank disapproves his/her application, buyer goes to a mortgage company and borrows capital, lender approves mortgage application, and finally, he/she purchases house. It’s just like in the movies, right? […]

Mortgage Approval

7 Tips in Getting Your Mortgage Approved

Purchasing a property is a challenging but fulfilling process. The requirements for your house purchase can be difficult, frustrating, or even stressful to accomplish at some point because you either lack the funds to support your dream acquisition or need other paperwork that your mortgage professional requires. If you are in a rut and probably […]

second mortgage vs refinance

Second Mortgage vs. Refinance: What is the Difference?

Every time you make a payment to your mortgage, you gain a specific amount of equity in your property. You can then use this equity to borrow money in case you need additional funds. How do you tap your home’s equity? Better yet: which option is the most appropriate for you? There are a lot […]