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In order to make sure that every client's file is set-up for success right up to and past closing day, Mortgage Foundations follows a Client Journey. Today, we will discuss the steps involved throughout the Client Journey and explain what happens at each step in the process.

The first step in th...

When shopping for a new mortgage, a common source of confusion is the difference between the mortgage term, which is normally 1 to 5 years, and the amortization period, which is normally 25 or 30 years.

The basic explanation for the difference between the two timelines is that the mortgage term is th...

So, you're thinking about refinancing your mortgage? Well, let me break it down for you. Refinancing your mortgage can be a great way to potentially save money, but like anything in life, there are pros and cons to consider.  Let's start with the pros. One of the biggest advantages of refi...

The mortgage stress test is an important aspect of the mortgage application process that aims to determine whether borrowers can still afford their mortgage payments in the event of a financial stress or interest rate increase. So, here's how it works. When you apply for a mortgage in Canada, the le...