In as many weeks, Canadians got another big announcement when it came to mortgages last week, and it may lead some to think, what's next? After the federal government announced surprise changes to amortization and maximum purchase prices for insured mortgages a couple weeks ago, the Office of t...
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Blog tagged as Interest Rates
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...
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...
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...
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...