Blog 27 Oct 2023 What is a Reverse Mortgage? With household expenses growing, will you need a reverse mortgage in 2024? We hear the term, and we hear it often, but many of us have a hard time understanding exactly what it is. What… nkad3 No Comments
Blog, Mortgage Tips & Advice 06 Oct 2023 The Second Mortgage Process Urgent second mortgages are a very common request, especially in markets with growing home appreciation and increasing household debt. And 2023 is no exception to this as more home buyer's are starting to feel the… CMSpeople
Blog 22 Sep 2023 What are the Best Mortgage Rates In Canada? When people ask, ‘What is the best mortgage rate?’, they are often looking for the answer ‘the lowest mortgage rate’. This may be true for one type of rate, for example, fixed vs. variable (or… nkad3
Blog, Mortgage Tips & Advice 22 Sep 2023 B Lender Mortgage in Canada: Pros and Cons Let’s first understand the difference between different classes of mortgages in Canada: As mortgage professionals, we refer to the 3 major tiers of lending as: A-lender mortgage (or ‘A’ bank mortgage), B-lender mortgage (or Alternative… CMSpeople
Blog 09 Sep 2023 Important First Time Mortgage Information The process of buying a home can be intimidating if you’ve never been a homeowner before. When seeking out first-time mortgage information, it’s more valuable to speak to an expert – someone who earns a… nkad3 No Comments
Blog, Mortgage Tips & Advice 26 Aug 2023 New Cap on Home Equity Lines of Credit in Canada – October 31, 2023 Today, clients with a revolving portion of their mortgage (or collateral mortgage as it’s often referred to) can use or reuse up to 80% loan-to-value as the mortgage is paid down. This is inclusive of both mortgage… CMSpeople
Blog 21 Aug 2023 6 Mortgage Renewal Tips for 2024 When it’s time for your mortgage renewal in 2024, you may explore options with other institutions, or like most homeowners, you may simply renew without any questions to avoid the headache. After all, a… nkad3
Blog 12 Aug 2023 Why is my Mortgage Affordability Going Down? We frequently get repeat inquiries from clients we’d spoken to in the past. For various reasons, they weren’t ready to make their purchases or refinance at the time but were working towards setting themselves up… nkad3 No Comments
Blog 02 Aug 2023 Unlocking the Potential of Mortgages in 2023 & 2024 Reimagining Mortgage Services: Unlocking the Potential of Mortgages in 2023 & 2024. In the ever-evolving landscape of real estate, especially in 2023, mortgage services have become more versatile than ever. While traditionally associated with purchasing… nkad3 No Comments
Blog 27 Jul 2023 Is Bridge Financing Right for Me in 2023-2024? Bridge financing remains a valuable and time-sensitive mortgage solution, addressing the needs of homeowners facing the challenge of mismatched closing dates when selling their existing home and purchasing a new one. While not applicable to… nkad3
Blog 21 Jul 2023 What Is Bridge Financing in Canada? Buying and selling a home can be a complex process, especially when the timing between closings doesn't align perfectly. While the concept remains the same, we’ve updated this blog to make it more relevant to… nkad3
Blog 14 Jul 2023 Tips: Applying for a Mortgage with Bad Credit in 2023 Securing a mortgage is the most significant step towards homeownership, and while the process remains largely unchanged, Canadians with bad or bruised credit will encounter some unique challenges. In this updated blog, we will explore… nkad3
