Blog by Mortgages Foundations

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, let's talk about two types of mortgages: the standard charge mortgage and the collateral charge mortgage. Now, you might be wondering what the difference is between these two, and that's what I'm here to explain. First, let's start with the standard charge mortgage. This type of mortgage is what...

So, let's talk about the new CRA T3 filing requirements for people who have co-signed on a mortgage. You might be wondering why this is even a thing, and what it means for you. Well, don't worry, because I'm here to break it down for you. First things first, let's quickly go over what a co-signer is...

A Home Equity Line of Credit, or HELOC, as it is commonly referred to is a method of tapping into your home's equity, much like a mortgage refinance or 2nd mortgage; except there are some key differences between them.

A HELOC is a type of mortgage that is still secured by the property; however works ...

Today we are going to discuss the Mortgage Protection Plan (or MPP) and all the great stuff it can do for homeowners like you. Trust me, it's something you definitely want to know about. This plan features optional life and disability insurance to help protect yourself and your loved ones against th...