Blog 09 May 2023 Mortgages in Canada – What You Need to Know (In a Nutshell) Mortgages in Canada are an essential part of the growing Canadian real estate market. A mortgage is a loan (from a bank or lender) that is taken out to finance the purchase of a home.… CMSpeople
Blog 09 May 2023 Mortgage Rates in Canada – 2023 Are you planning to buy a home in Canada in 2023? One key factor to consider when seeking out mortgage financing is the annual interest rate, as it significantly impacts your monthly payments and overall… CMSpeople
Blog 09 May 2023 Why Mortgage Rates Increase When Inflation is High Mortgage rates are influenced by several economic factors, including inflation. When inflation is high (as it currently is at the time of writing) mortgage rates tend to rise in response to this. This happens for… CMSpeople
Blog 09 May 2023 B Lender Mortgage Rates In the world of mortgage financing, borrowers can choose between different types of mortgage lenders, including tier-A banks, B lenders, credit unions, and private lenders. And of course, mortgage interest rates are usually a large… CMSpeople
Blog 09 May 2023 B-Lender Mortgage in 2023: What Are the Pros and Cons? To begin, let's gain an understanding of the various categories of mortgages: In the world of mortgage lending, we commonly distinguish between three major tiers: A-lender mortgages (also known as 'A' bank mortgages), B-lender mortgages,… CMSpeople
Blog 25 Apr 2023 What is a Private Mortgage Loan? Here is everything you need to know about Private Mortgages in Canada before deciding if a private mortgage is right for you. First and foremost - What is a private mortgage? A private mortgage… nkad3 No Comments
Blog 22 Apr 2023 What is an Insured Mortgage in Ontario? An Insured Mortgage (aka High-Ratio Mortgage) is covered by a type of insurance that protects the lender/bank against default. This Default insurance is a mandatory requirement in Canada for those mortgages where the borrower puts… nkad3 No Comments
Blog 02 May 2023 Why a Bank Can Deny Your Mortgage Application Applying for a mortgage seems simple enough. You fill out an applicationà submit à get approved. But what happens if the application doesn’t get approved? You’re probably wondering what went wrong. Let’s talk about what… nkad3 No Comments