Blog tagged as Interest Rates

So, you've come across these terms - variable rate mortgage and adjustable rate mortgage, and you're curious to know what exactly sets them apart. Well, let's dive right in and explore the differences between these two commonly used terms in the world of mortgages. When talking about mortgages, the ...

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 ...

Mortgage renewals are a reality of most mortgages and is an important step in managing your finances; the importance of paying attention to them should definitely not be overlooked; however, this happens far too often. To start off, let's clarify what a mortgage renewal actually means. When you firs...

Essentially, a mortgage finance company is a specialized type of financial institution that helps individuals and businesses secure financing for purchasing or refinancing real estate properties. It is important to note that many mortgage finance companies are Prime A lenders; meaning they offer som...

If you're considering taking the big step towards homeownership, it's essential to understand what's involved when it comes to your finances. When purchasing a home, you'll need to make a down payment. This down payment is the initial amount of money you pay towards the total purchase price of the h...