Blog, Mortgage Tips & Advice 24 Nov 2023 What’s the Difference Between a Guarantor and Co-signer? Quick AnswerBoth help you qualify, but they're not the same. A co-signer goes on the mortgage and the title: a full co-owner, equally responsible for payments from day one. A guarantor backs the mortgage but… CMSpeople
Blog 16 Nov 2023 2024 Mortgage Rate Forecast Questions of hope… and for some, desperation. Are mortgage rates going to drop in 2024? Will the Bank of Canada continue with quantitative tightening, or begin with ever-so-needed easing once again? On October 25th, 2023,… CMSpeople
Blog 10 Nov 2023 What is a Second Mortgage (2nd Mortgage)? Many people often confuse the term second mortgage as a mortgage they seek when they are looking to purchase a home for the second time around, or are purchasing a second property. Others understand the… nkad3
Blog, Mortgage Tips & Advice 06 Nov 2023 Why Do I Need a Mortgage Pre-Approval? At face value, it might seem self-explanatory, yet we often get asked: What is a mortgage pre-approval, and why do I need one? People are right to ask though and that’s because there is some… CMSpeople
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 Quick Answer A B-lender is an alternative lender for people the big banks turn down. Maybe your credit took a hit, you're self-employed, or your debt ratios run a little high. B-lenders are more flexible,… 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
