An adjustable-rate mortgage is one choice you may encounter if you’re looking for a house loan. For the first part of the loan’s duration, the interest rate on these mortgages is set; after that, it fluctuates at regular intervals. When…
Category: Mortgage Tips
You were keeping up with your mortgage payments. You thought you had all your finances planned to the nitty-gritty with a detailed budget in place and then bam! Life happens. Unexpected repairs or large monthly bills have you cornered. You’re…
As mortgage costs have increased in recent years – and the COVID-19 pandemic has caused many to lose their income – more Canadians are finding it difficult to keep up with their bill payments. But if you are falling behind…
Applying for a home loan seems quite a complex affair, especially to someone who has little or no experience with buying real estate, and rather than simply making the application, you are advised to carry out a little research first….
One of the major milestones and most exciting times of your life is when you make the decision to buy your first home. However we often get caught up in the status quo, whether it is because your friends are…
Before buying and moving into a new home there is one big decision to make and that is whether to choose a fixed or a variable mortgage rate. This decision will determine what interest rate you are going to pay…
Your mortgage is more than likely to be the biggest single expense in your household budget and one that has to be paid for anywhere up to 25 years, sometimes more. Why remortgage? With the pressure on household finances continuing…
In Canada, if you plan to purchase a home, more than likely you are interested in learning about the various types of home mortgage loans that are available. A mortgage is nothing more than a loan that uses the home…