Mortgage Tips

Mortgage Beware - What to Watch Out For

A Reverse Mortgage – What Is It And Is It Right For You?

As the average age of our Canadian population gets older (currently Canada has over 5 million people over 65 yrs old)*, it is no doubt that you or your loved one may be faced with growing concerns about the ability to live life without financial constraints or difficulties.

Penalties for Breaking a Mortgage Early – Big Bank vs. Non-Bank Lender

As discussed previously, when it comes to choosing a mortgage, it does not always come down to the rate.

The question I hear most people focus on these days is “What is your lowest rate?” Although the rate is important, it is just one aspect of a mortgage – there are other aspects of a mortgage that are just as important.

Getting a Mortgage for the Self-Employed is Easy IF You Know This

So you finally did it and joined the ranks of the SELF-EMPLOYED! You left your stable, well paying job to lead a more “balanced” life where you can pave your own way and follow your passion. That’s what you keep saying to yourself anyway…as you work through a mountain of paperwork and bills.

Mortgage Beware - What to Watch Out For

Mortgage Beware – What to Watch Out For

Buying a home is a big step. It is likely the most expensive purchase you will make in your life. If you are not a real estate expert, you probably do not know everything about the market. Although getting a mortgage may seem simple at first (signing a contract and paying the cost), there are several precautions home buyers must take during the process.

loan application

Is My Credit Affected If I Have Several Mortgage Applications?

Everyone knows to shop around for a mortgage, but they may be afraid that doing too much digging can hurt their overall credit score. To help ease these fears, here are a few things to keep in mind while going through the mortgage process:

Know the Difference Between an Inquiry and an Application

Many credit score companies like Equifax carry different weights for specific actions.