Mortgage Blog

Category: Mortgage Tips & Advice (34 posts)

Multi-Family Lending: What You Need To Know About Hard Money Loans

March 9, 2021 | Posted by:

Multi-Family Lending: What You Need To Know About Hard Money Loans Multi-family real estate is one of the most popular investments for both newbie and seasoned investors. Buyers in the past used trad ...

Why Borrowers May Choose a Private Mortgage

February 25, 2021 | Posted by:

Why Borrowers May Choose a Private Mortgage When most people want to buy a home, they get a list of local banks and mortgage companies to start comparing the available financing options. However, the ...

How to Handle a Mortgage After a Separation or Divorce

February 10, 2021 | Posted by:

Mortgage Life After Separation and Divorce Separation and divorce present many challenges. It's a situation you likely never thought you'd never be in, but now there are personal and financial conseq ...

Reverse Mortgages â€“ Impact on Heirs

September 9, 2020 | Posted by:

How do Reverse Mortgages Affect Canadian Heirs? For Canadian seniors, there is a great way to get the most out of the equity in their homes. Home prices tend to rise, and equity builds in the prope ...

When Is Mortgage Refinancing a Bad Idea?

June 10, 2020 | Posted by:

Property owners refinance their homes and commercial properties all the time. As your credit improves and you have built more equity into the property, it may make fiscal sense to refinance when inter ...

5 Smart Ways to Use a Home Equity Line of Credit

April 22, 2020 | Posted by:

For homeowners across the globe, home equity lines of credit (HELOCs) have become a handy way of tapping into the value of their homes. However, when borrowing money against your home, it is always a ...

What should you consider when refinancing your mortgage?

April 8, 2020 | Posted by:

Mortgage rates are at a historic low. If you're thinking about refinancing your mortgage, you could possibly save significant amounts of money over the years. Especially in the first years of owning y ...

Should You Pay Off Your Mortgage Early?

February 18, 2020 | Posted by:

It's a dream to be able to pay off your mortgage early, but is there a downside? While it sounds like a great idea, there are some factors to consider before doing so. This article will ex ...

How to Improve Your Chances of Being Approved for a Mortgage

December 24, 2018 | Posted by:

For most first time home buyers, obtaining a mortgage is a crucial part of the purchasing process. However, being approved for a mortgage is often easier said than done. It can be disheartening to f ...

The Pros And Cons Of Reverse Mortgages - A Quick Guide

November 28, 2018 | Posted by:

No matter how carefully you plan, life can put a dent in your retirement funds. A life-altering accident or illness can turn your life upside down. Dipping into your retirement to meet uncovered expen ...

Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?

September 26, 2018 | Posted by:

When getting a home mortgage, if you can afford higher payments, often the option of a 15-year loan instead of one of 30 years is an option. It can be an enticing idea to know that you'll be free of a ...

Real Estate: How to Refinance a Mortgage with a Bad Credit Score

July 11, 2018 | Posted by:

There are many excellent reasons a homeowner may look into refinancing their mortgage. To refinance means to replace your current mortgage with a new one, almost always with a lower interest rate. For ...

Planning to Refinance Your Mortgage? Ask These 4 Questions First

April 11, 2018 | Posted by:

Deciding to refinance is a crucial financial move that can help you make significant savings. When you plan properly, do your research, and take time to evaluate where you stand financially, you'll be ...

Four Strategies That Can Help You Get Approved for a Mortgage

February 14, 2018 | Posted by:

So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, es ...

Looking to Invest? Pay Down Your Mortgage Instead

January 24, 2018 | Posted by:

With all the gloomy news about pension plans in the press you may be worrying whether you should actually be investing in a pension plan or not. A new wave of thinking suggests possibly not. There may ...

Buying a Home, Step One: Mortgage Pre-Approval

April 11, 2017 | Posted by:

Whether you're looking to buy your first home, or haven't purchased a home in the past several years, you may be surprised to discover that searching your local real estate listings is not the best pl ...

Why Remortgage? 4 Excellent Reasons to Consider Refinancing Your Home

March 15, 2017 | Posted by:

Your home is probably the most significant purchase you'll ever make, yet it's surprising how many people simply continue paying their mortgage every month without thinking too much about it. However, ...

Saving For College: Four Tips For Parents

November 23, 2016 | Posted by:

One of the prime concerns of parents, especially parents of teenagers, is how their children will be able to afford college tuition. With prices going up each year at even state and community colleges ...

Is Having No Credit As Risky As Having Bad Credit?

October 12, 2016 | Posted by:

Let's clear up one misconception, right off the bat: having no credit is not the same as having bad credit. 'No credit' simply means that your credit history - which tracks your loans and repayments o ...

Why Should I Repair My Credit?

September 14, 2016 | Posted by:

Your credit history is more than just a number; it affects nearly every aspect of your financial life. If you are suffering from a low credit score, you're probably an excellent candidate for credit r ...

How to Manage Your Credit Card Debt: A 4-Step Strategy

July 13, 2016 | Posted by:

Being in debt is undoubtedly stressful, more so when the interest rates keep pushing your overall debt to skyrocketing amounts. Many people fall into the temptations of unnecessary expenditures and en ...

3 Ways to Change Your Financial Habits

May 11, 2016 | Posted by:

Some financial habits are good, but others can hold you back and prevent you from saving. If you need to change your financial habits, it is important to take a step-by-step approach. This three-step ...

Important Steps to Take in Your 30s to Prepare for Retirement

February 26, 2016 | Posted by:

Some adults begin planning and saving for retirement immediately after graduating college and entering the workforce. Others delay retirement planning, believing that they have several decades to save ...

Great Tips To Pay Off Your Mortgage Early

January 27, 2016 | Posted by:

Are you looking for ways to speed up paying off your mortgage? Most mortgages are taken out for 15- to 30-year periods. However, this shouldn't stop you from paying off your mortgage early if you come ...

Strategies to Dig Yourself Out of the Debt Hole

January 13, 2016 | Posted by:

Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can help ...

The Benefits of Investing in Income-Producing Properties

October 28, 2015 | Posted by:

Making money in any real estate venture is a difficult task, and many people don't have the skills (or the stomach) for flipping houses. An alternative to this intrinsically risky activity is to purch ...

4 Homebuyer Tips To Make House Hunting More Efficient

October 14, 2015 | Posted by:

Going house hunting can be fun and exciting at first, but the more houses you look at, the more frustrating you might become -- especially if you just can't seem to find the perfect home. No one ...

Should You Spend the Full Mortgage Amount You're Approved For?

September 9, 2015 | Posted by:

Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for ...

Take Advantage of Low Interest Rates - Refinance Your Mortgage Today!

August 26, 2015 | Posted by:

Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more. If you bought your home more than a few years ago, you could probably benefit ...

Ready to Sell? Use This Home Sale Checklist to be Sure

July 22, 2015 | Posted by:

Selling your home is a big decision, and you want to make sure everything is just right before you put the property on the market. For years, you have looked at your home through the eyes of a proud o ...

Why You Need an Emergency Fund - And How to Get One

July 8, 2015 | Posted by:

Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a ...

4 Strategies That Can Help You Get PreApproved

April 8, 2015 | Posted by:

5 easy ways to be mortgage free sooner!

February 23, 2015 | Posted by:

We all know that paying off a mortgage as early as possible makes good financial sense. You’ll save significant interest costs and free up money for RRSPs and other investments, and changing l ...

2 Out of 3 Do Not shop at Renewal

September 30, 2014 | Posted by:

Every now and then we see a mortgage stat that’s a jaw-dropper. This finding from Manulife Bank is one of them. It suggests there are a lot more people with money to burn than one might expec ...

Best Service & Rates