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Homebuyers can easily become confused and overwhelmed when trying to find the right mortgage on their own. This is why a mortgage broker is such a useful resource. - they act as a matchmaker by…

When purchasing a new construction home from a builder, one of the first and most important steps to consider is to get pre-approved for a mortgage. A mortgage pre-approval is the process in which a…

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…

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…

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…

Purchase Plus improvements is a mortgage program that allows purchasers to opt for homes that may not be complete “move-in ready”, by providing a sort of “cash back” to finance the renovations. It’s important to…

2023 is going to be a huge year for both ‘private mortgage lender’ demand as well as homeowners looking for options to exit from a private mortgage (as many owners entered into private mortgage agreements…

Anyone who is self employed knows that it’s sometimes more difficult, than those employed, to obtain loans or other forms of credit. Obtaining a self employed mortgage approval can often be a challenge due to…

Did you know that more Canadians became self-employed between the years 2020 – 2022 than in any 2 consecutive years prior? Can you spot the correlation? It probably comes as no surprise that the Covid-19…

What is a second home? I know it sounds like it’s self-explanatory, but the reality is many people have a slight misunderstanding of what a second home is. From the typical borrower’s perspective, a second…

Q: What happens to my mortgage payment when the prime rate changes? A: If you have adjustable-rate mortgage, your payment will increase or decrease based on prime rate changes. When you first get a mortgage,…

If you’re like most homeowners, you purchased your home, make your mortgage payments and the rest is history. However, many homeowners tend to overlook the various benefits or “mortgage features” that come with their mortgage,…