Blog 31 Jan 2023 Land Transfer Tax – What is it? What is it? Although not directly tied to mortgages, the Land transfer tax is an important cost and consideration for all home buyers when purchasing a property. In Ontario, when you purchase (or acquire) land… nkad3 No Comments
Blog 24 Jan 2023 Insured vs. Uninsured Mortgage: What’s the Difference? Quick Answer The whole thing hinges on your down payment. Less than 20% down? That's an insured mortgage, backed by default insurance (CMHC, Sagen, or Canada Guaranty). Here's the upside: that insurance lowers the lender's… nkad3 No Comments
Blog 17 Jan 2023 How do I Remove a Name from a Mortgage in Ontario? Quick Answer Here's the part that catches people off guard: you can't just take a name off a mortgage. The lender approved both of you together, so removing a name from the mortgage, and usually… nkad3 No Comments
Blog 10 Jan 2023 How do I Improve My Credit Score? First, let’s discuss why credit is important and what constitutes a good credit score in Canada from 2022/2023 onwards. Why is a Good Credit Score Important? Credit scores (aka FICO Scores) are very important… nkad3 No Comments
Blog 03 Jan 2023 Bad Credit Mortgages – Life Happens You might be surprised to learn just how common “bad credit Mortgages” are. If you were to consider the entire pool of homeowners out there today, chances are that many of them have less than… nkad3 No Comments
