Mortgage Blog

What is a Bridge Loan

What is a Bridge Loan

By Mortgages Foundations

A bridge loan is a short-term financing option designed to provide funding to 'bridge the gap' between the purchase of a new property and the sale of your existing one.  The need for a bridge loan arises when you are selling your current property and the funds that are meant to be the down...

09.09.24 04:51 PM - Comment(s)
Mortgages for Self-Employed or Business For Self (BFS)

Mortgages for Self-Employed or Business For Self (BFS)

By Mortgages Foundations

When it comes to understanding a mortgage for a self employed individual it is critical to recognize that the core principles of the mortgage remain the same whether you are self-employed or employed as a traditional employee. The process of securing a mortgage for a self-employed individual ca...

05.09.24 12:14 PM - Comment(s)
How a Mortgage Broker Gets Paid

How a Mortgage Broker Gets Paid

By Mortgages Foundations

A common term and form of advertising to hear in the mortgage industry is that "in most cases, my services are free". While it may come across that Mortgage Brokers are doing the work for nothing, in reality, it really comes down to who pays us, and more often, it is the lender, not t...

27.08.24 03:27 PM - Comment(s)
Porting a Mortgage!

Porting a Mortgage!

By Mortgages Foundations

Today I want to discuss the subject of porting an existing mortgage and explain what a port is and go over the pros and cons of doing so.


First, it is important to mention that not all mortgages can be ported and not all lenders allow their mortgages to be ported; or, may only allow their fixed mortg...

22.08.24 02:47 PM - Comment(s)
What is an Alternative Lender?

What is an Alternative Lender?

By Mortgages Foundations

So, you're curious about alternative mortgage lenders, huh? Well, you've come to the right place! Let's dive right into it and explore what exactly an alternative mortgage lender is. When we think about getting a mortgage, the first thing that usually comes to mind is heading straight to a tradition...

15.08.24 01:19 PM - Comment(s)