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An equity take out on your home can be a life saver in times of financial distress, especially if used effectively. In most cases, an equity take out is the only OR cheapest option. Taking…

Today’s real estate market is flooded with first time home buyers, but it’s also flooded with existing home owners looking to upgrade… home owners who may need a bridge loan in order to close a…

We live in an age where we relay on credit for buying things, paying bills and making ends meet. We use things like credit cards and lines of credits to help us pay for things…

Renewing mortgage is one of the easiest steps involved in any mortgage process. You simply choose the renewal rate and corresponding term (1-5 years) and submit the completed form back to your existing institution. Typically…

The goal of every home owner is to pay the banks back with the least amount of interest paid as possible. When it comes to paying off mortgage, there are several approaches’ you can take…

I could confidently say that most home owners/first time home buyers compare mortgage rates solely on the scale or the ‘lowest rate’ and neglect to factor in their long term strategy/goals. When you compare mortgage…

To begin, let’s understand the frequency of biweekly mortgage payments in comparison to others as we’ve noticed this can sometimes be confusing: Monthly mortgage payments: 12 payments per year (on the same date each month)…

The magic question for every mortgage seeker: mortgage broker vs bank… which is a better fit? As a mortgage brokerage, this blog may seem biased, but if do understand at least one thing… it’s that…

When inquiring about a mortgage, it is important to know the right questions to ask a mortgage broker. These questions should be based on your individual circumstances and the best way to approach an inquiry…

What is an interest only mortgage? Well… it’s exactly that, a mortgage with payments that are NOT amortized but rather interest only payments. It may not make sense why an interest only mortgage would exist…

When it comes to loan amortization and amortization schedule, most mortgages that common home owners hold are amortized. Amortization essentially refers to the repayment of loan principal over time. When dealing with mortgages, the interest…

Points to remember when seeking mortgage for rental property: Banks will limit loan amount to 80% of purchase price/property value when approving mortgage for rental property (20% down payment required by client) If rental unit…