So, let's talk about the benefits of getting a mortgage pre-approval. If you're thinking about buying a home, this is definitely something you'll want to look into. It can save you time, money, and a whole lot of stress in the long run, so it's definitely worth considering. First off, what exactly i...
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Blog by Mortgages Foundations
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...
08.05.24 03:52 PM - Comment(s)
Sure, let's dive right into the topic of mortgages and specifically look at the differences between insured, insurable, and uninsurable mortgages. First, let's start with what an insured mortgage is. An insured mortgage is a type of mortgage that is backed by mortgage insurance. Mortgage insurance i...
22.04.24 02:44 PM - Comment(s)
So, you're thinking about getting a mortgage? Well, let me tell you, going through the mortgage process can be a bit overwhelming. There are so many options out there, from different lenders to various types of mortgages. It's enough to give you a headache! But fear not, my friend, because here's wh...
16.04.24 02:46 PM - Comment(s)
It seems proper that the first subject in the Mortgage Foundations podcast should be explaining what a mortgage actually is; so, let me break it down for you. Buckle up, because we're about to go on a wild ride through the world of mortgages. First things first. What exactly is a mortgage? Simply pu...
16.04.24 02:46 PM - Comment(s)
