Real Stories : Why These Ontario Professionals Became Mortgage Agents
Change can be exciting, especially when it leads to a rewarding career helping others achieve their dream of homeownership. Across Ontario, people from all walks of life are discovering mortgage brokering as a fulfilling second act. In fact, the Financial Services Regulatory Authority of Ontario (FSRA) licenses all mortgage agents ontario and brokers to ensure […]
What Trump’s Tariffs Could Mean for Mortgage Rates Next Year?
In early 2025, the United States, under President Donald Trump, introduced sweeping tariffs on Canadian imports, 25% on most goods and 10% on energy products. This trade policy has created waves in the North American and global economy, affecting supply chains, manufacturing costs, and the prices of everyday goods. For Canadians, these tariffs may have […]
Why Local Mortgage Knowledge Matters for Ontario Homebuyers
Buying a home is one of the biggest investments you’ll ever make, and when it comes to mortgages, local knowledge isn’t just helpful, it’s essential. In Ontario’s fast-moving property market, working with a mortgage expert who understands regional trends, rules, and lender preferences can make all the difference. Let’s explore why local mortgage knowledge can […]
What Does a Mortgage Agent Do in Canada? Full Guide For First-Time Buyers
Our complete 1st Time Home Buyers Guide covers everything from getting pre-approved to closing your first deal. Buying your first home in Canada can feel overwhelming, but you don’t have to go through it alone. One of the best allies you can have on your side is a mortgage agent. But what does a mortgage […]
Top 7 Questions to Ask a Mortgage Agent Before Applying for a Home Loan
Buying your first home, or even your second, is a big financial move, and having the right mortgage agent by your side can make all the difference. But before you commit to any lender or loan product, it’s smart to ask your mortgage agent the right questions. The more informed you are, the better decisions […]
Should You Use a Mortgage Agent for a Second Mortgage or HELOC?
Thinking about tapping into your home’s equity? Whether you’re planning major renovations, consolidating debt, or covering unexpected expenses, many Canadians turn to either a second mortgage or a HELOC (Home Equity Line of Credit) for financial assistance. But here’s the key question: Should you use a mortgage agent to help you get one? The short […]
Reverse Mortgage Rates in Canada: What Impacts Your Interest Costs
A reverse mortgage is a unique loan option in Canada that allows homeowners aged 55 and older to convert a portion of their home equity into tax-free cash without needing to sell their property. Instead of making monthly payments, the loan is repaid when the homeowner sells the house, moves out, or passes away. Canadian […]
Mortgage Lender vs Bank – Who Offers Better Rates in Canada?
Getting a mortgage in Canada can feel like a maze, especially when choosing between traditional banks and private mortgage lenders. But understanding the difference could save you thousands in interest and get you approved faster. Whether you’re a first-time buyer in Ontario or looking to refinance in Alberta, let’s break down who might offer better […]
How Inflation Impacts Mortgage Rates and Housing Affordability in Canada
Inflation is more than just a buzzword in economic headlines—it’s something that affects every Canadian household, especially when it comes to housing. As the cost of living climbs, so do mortgage rates, which can significantly affect your ability to buy or refinance a home. Whether you’re a first-time homebuyer or renewing your mortgage, understanding how […]
Why the Right Mortgage Agent Isn’t Always the Closest One?
When it comes to securing a mortgage in Canada, most homebuyers face the same dilemma: Should you work with a local mortgage agent who knows your neighbourhood, or trust an experienced mortgage expert who might be miles away but has a broader reach? It’s a decision that can have a serious financial impact. Even a […]
What to expect for mortgage rates in 2025-2027
After several interest rate cuts in 2024, Canada’s borrowing costs have finally settled, giving homebuyers a bit of breathing room. As of July 2025, the Bank of Canada kept its overnight rate steady at 2.75%, highlighting that inflation is close to its target, but uncertainties in global trade, especially new U.S. tariffs, could still shake […]
What Experts Say About Mortgage Rates in 2025
Mortgage rates in Canada have always been a hot topic, but in 2025, they’ve become a major focus for homebuyers, real estate investors, and financial planners alike. Whether you’re renewing your mortgage, buying your first home, or exploring investment opportunities, understanding where rates are heading is essential. So, what do the experts have to say […]
Understanding the Role of a Mortgage Agent – Who They Are and How They Help
Buying a home is one of the biggest financial decisions Canadians will ever make, and navigating mortgage options can feel overwhelming. That’s where a mortgage agent comes in. Many homebuyers wonder whether they should go directly to their bank or seek help from a professional. The truth is, working with a mortgage agent can give […]
Top Mortgage Tips for First-Time Home Buyers in Canada (2025 Guide)
Buying your first home in Canada is exciting, but navigating the mortgage process in 2025 can feel overwhelming. With rising home prices, interest rate shifts, and strict lending criteria, it’s more important than ever to understand how to set yourself up for mortgage success. Whether you’re house-hunting in Toronto, Calgary, or a smaller city, these […]
Top 5 Ways to Avoid Foreclosure in Canada as a Homeowner
Foreclosure is a scary word for any homeowner, but in Canada, there are practical, legal, and professional steps you can take to avoid it. Whether you’ve fallen behind on payments, lost income, or are facing high interest penalties, you’re not alone, and it’s not too late to save your home. In this guide, we’ll share […]
TD Bank Mortgage Declined? Here’s What You Can Do Next
Getting declined for a mortgage by a major lender like TD Bank can feel discouraging, but it’s not the end of your homeownership journey. Many Canadians face this situation every year, and the good news is: you still have options. Whether you’re a first-time buyer, self-employed, or have bruised credit, there are smart steps you […]
Should You Work with a Mortgage Broker or Agent? Here’s What You Need to Know
When buying a home in Canada, one of the biggest decisions you’ll face is how to secure your mortgage. Many buyers ask themselves: Should I work with a mortgage broker, a mortgage agent, or just go directly to my bank? The truth is, understanding the difference between a mortgage broker and a mortgage agent can […]
Refinancing Your Mortgage in Canada – How to Lower Your Interest In 2025
With interest rates finally starting to stabilize in 2025, many Canadian homeowners are considering mortgage refinancing to save money. Whether you’re locked into a high-rate mortgage or your financial situation has improved, refinancing your mortgage could be a smart way to reduce your monthly payments, shorten your term, or tap into home equity. But what […]
Mortgage Rate Trends in Canada: What to Expect for the Rest of 2025
Mortgage rates in Canada remain high as we head deeper into 2025. The Bank of Canada’s key rate sits at 2.75%, and most 5-year fixed mortgage rates are in the high 4% range. Variable rates are slightly lower, between 4% and 4.5%. The good news? Inflation is cooling, with the CPI at 1.7%, and experts […]
Mortgage Broker Near Me? Why Connections and Expertise Matter More
Searching “mortgage broker near me” is often the first step for many Canadians looking to buy a home. After all, it feels natural to want someone close by, someone you can meet in person. But in today’s fast-moving housing market, location alone isn’t the factor that guarantees you the best deal. What truly matters is […]
Missed Mortgage Payments? What Canadians Can Do Before It’s Too Late
Missing mortgage payments can be stressful and worrying, but it’s important to remember that you’re not alone, and there are options available to help you get back on track. Whether it’s due to job loss, unexpected expenses, or other financial difficulties, acting quickly is the best way to protect your home and credit score. This […]
How to Increase Your Credit Score Before Getting a Mortgage in Canada
Thinking about buying a home in Canada? One of the biggest factors lenders look at is your credit score. Whether you’re aiming for an easy mortgage approval or trying to get the best mortgage rates, improving your credit score is one of the smartest first steps you can take. This guide will walk you through […]
Home Equity Loans in Canada – What They Are & When to Use Them?
When you own a home in Canada, your property doesn’t just provide shelter; it can also be a powerful financial tool. One popular way to leverage your home’s value is through a home equity loan. But what exactly is a home equity loan, how does it work, and when should you consider using one? This […]
Home Equity Loans In Canada and How a Mortgage Agent Helps You Qualify
In Canada, people avail home equity loans to get help with home renovations, repairs, and educational expenses. It is difficult to apply on your own if you have no idea about the housing market and mortgage trends. Mortgage agents are professionals having a deep knowledge of the housing market and mortgage trends. They will help […]
Avoid These 6 Common Mortgage Renewal Mistakes in Canada
Renewing your mortgage in Canada? Don’t just sign the renewal form. Many homeowners miss out on lower interest rates, better terms, or flexible repayment options simply because they rush the process. Whether you’re renewing for the first time or nearing the end of your current mortgage term, avoiding key mistakes can help you save thousands. […]
Power of Sale in Canada – What It Means & How to Avoid It
Facing the risk of losing your home can be one of the most stressful experiences of your life. If you’ve fallen behind on mortgage payments, you may have heard the term “Power of Sale” come up, especially if you live in Ontario or other provinces where lenders can use this legal process. But what exactly […]
Ontario Mortgage Agent Licensing Requirements (Explained Simply)
If you’re considering a career in the mortgage industry, getting your mortgage agent license Ontario is your first step. Becoming a mortgage agent in Ontario opens the door to a rewarding career in the province’s thriving mortgage industry. In Ontario, anyone who deals or trades in mortgages must be licensed by the Financial Services Regulatory […]
How to Use Home Equity to Clear a CRA Tax Lien in Canada
Dealing with a CRA tax lien can be stressful, but if you’re a homeowner in Canada, you may already have a solution. By tapping into your home equity, you could pay off your tax debt, stop CRA collection actions, and protect your home from legal risk. Here’s how it works, and how Mortgage Squad Canada […]
How to Secure the Lowest Mortgage Rate in Canada in 2025
With housing prices still high and interest rates fluctuating, Canadian homebuyers in 2025 are more focused than ever on landing the lowest mortgage rate possible. Whether you’re a first-time buyer in Ontario or looking to refinance your existing mortgage, understanding the key strategies and tools available can save you thousands over the life of your […]
How to Choose the Right Mortgage Professional – Why Experience Beats Location?
When you’re buying your first home, refinancing, or investing in real estate, the decisions you make early on can shape your financial journey for years. One of the most important choices? Selecting the right mortgage professional to guide you. Many buyers instinctively turn to someone in their city or neighbourhood, thinking it’s easier, faster, and […]
Mortgage Agent vs Mortgage Broker: What’s the Difference in Canada?
If you’re starting your home financing journey, you’ve probably come across the terms mortgage agent and mortgage broker. While they might seem interchangeable, there’s actually a key difference between the two in the Canadian mortgage industry. Knowing who you’re working with can affect your experience, your options, and even your approval timeline. At Mortgage Squad, […]
How HELOC Interest Rates Work in Canada (and Why They’re Rising)
A Home Equity Line of Credit (HELOC) allows Canadian homeowners to borrow money using the equity in their home. Think of it like a credit card backed by your property. You can borrow up to a limit and only pay interest on the amount used, not the total approved amount. In Canada, most federally regulated […]
How a Mortgage Agent Helps You Get Pre-Approved for the Best Rate
Want mortgage pre-approval with the best rates in Canada? Your dream of buying a new house, starting a new business, and getting financial relief can become possible just by selecting the right mortgage agent for your mortgage needs. The agent will be responsible for all the necessary actions required to get pre-approval and ultimately approval […]
Best Mortgage Rates in Canada 2025 – What to Know Before You Lock In
Looking to buy your first home in Canada this year? You’re not alone. 2025 is shaping up to be a big year for first-time homebuyers, especially in Ontario, where market activity is on the rise. But with interest rates in flux and lenders competing hard, locking in the right mortgage rate can save you thousands […]
Why Getting a Mortgage in Canada Is Easier Than You Think: 6 Big Benefits
Buying a home in Ontario may sound overwhelming, especially with rising interest rates and stricter lending rules. But here’s the good news: getting a mortgage in Ontario is easier than most first-time buyers think, if you know where to look and how to approach it. Let’s explore six real benefits that make securing a home […]
Facing Foreclosure in Ontario? Here’s How to Save Your Home
Foreclosure is a stressful situation that many Ontario homeowners may face, but the good news is that there are steps you can take to save your home and protect your financial future. If you’re worried about losing your house, acting early and understanding your options is key. This guide explains what foreclosure means in Ontario, […]
Behind on Property Taxes? How to Stop a Tax Sale in Canada
Falling behind on property taxes can be stressful and overwhelming for many Canadian homeowners. If left unpaid, property taxes can lead to a serious consequence called a tax sale, where the government has the legal right to sell your property to recover unpaid taxes. But don’t panic! There are ways to stop or prevent a […]
Understanding Canada’s 2025 Mortgage Stress Test Made Easy
Navigating Canada’s housing market in 2025? Whether you’re a first-time homebuyer or renewing your mortgage, the Mortgage Stress Test is something you can’t afford to ignore. Let’s break it down, simple, clear, and Canadian. What Is the Mortgage Stress Test in Canada? The Mortgage Stress Test is a financial check introduced by the federal government […]
Should You Lock In Your Mortgage Rate Now? What Canadian Experts Say
Deciding when to lock in your mortgage rate is one of the biggest financial choices you’ll make as a Canadian homeowner or first-time buyer. It’s a bit like walking a financial tightrope, on one side, fixed mortgage rates offer steady, predictable payments that protect you from future interest rate hikes. On the other hand, variable […]
Picking the Right Broker or Agent – It’s About Skill, Not Geography
When you’re preparing to buy a home, refinance, or invest in property, one of your first steps will be choosing a mortgage professional to guide you. Many people instinctively look for someone nearby, a broker or agent in their neighbourhood. While working with a local professional can feel comforting, the truth is the best mortgage […]
How Interest Rate Hikes Are Affecting Mortgage Payments in 2025
Mortgage stress is growing in 2025 as interest rate hikes continue to squeeze Canadian homeowners. Following a series of rate increases by the Bank of Canada, the benchmark interest rate now sits at 2.75%, and experts expect it to remain unchanged throughout the year. This ongoing surge in borrowing costs has significantly impacted monthly mortgage […]
HELOC vs Reverse Mortgage: Which Option Is Right for You in Canada?
If you’re a Canadian homeowner exploring ways to access your home equity, you’re likely considering a HELOC or a reverse mortgage. But which one makes more sense for your financial goals? And what is the difference between a HELOC and a reverse mortgage? Here’s a quick breakdown: A HELOC (Home Equity Line of Credit) gives […]
Denied by RBC? Rebuild, Refinance & Regain Control of Your Mortgage
Getting denied a mortgage by a major bank like RBC can feel like a massive setback. Whether you’re a first-time homebuyer, a self-employed applicant, or someone with past credit challenges, being turned away might shake your confidence. But here’s the good news: a mortgage rejection isn’t the end of your journey, it’s just the beginning […]
7 Expert Tips to Get the Lowest Mortgage Rate in Canada
Securing the lowest mortgage rate in Canada in 2025 can make or break your homeownership budget. With interest rates still fluctuating and the housing market competitive, smart borrowers know it pays to do their homework. Whether you’re a first-time homebuyer or refinancing an existing loan, there are proven strategies that can help you access a […]
Fixed vs Variable Mortgage Rates in Canada – Which Is Better in 2025?
Choosing between a fixed or variable mortgage rate is a big decision for Canadian homebuyers in 2025. A fixed-rate mortgage locks in your interest rate and monthly payment for the term (often 5 years), giving you certainty. A variable-rate mortgage has an interest rate that changes with the Bank of Canada’s prime lending rate, so […]
Is Becoming a Mortgage Agent In Ontario Worth It In 2025?
In 2025, more people are exploring how to become a mortgage agent in Ontario, And it’s easy to see why? With a constantly shifting housing market and increasing demand for home financing guidance, this role is more relevant than ever. Whether you’re looking to start a new real estate career or pivot into a role […]
Debt Consolidation Mortgages in Canada – A Smart Way to Manage Your Payments
Juggling multiple high-interest debts can feel like an uphill battle, especially when minimum payments barely make a dent. For many Canadians, the solution lies in debt consolidation mortgages, a powerful tool that allows you to roll multiple debts into one manageable mortgage payment. Let’s explore how this smart financial move can simplify your life and […]
Get Mortgage Approval Fast With AI – Even With Bad Credit In Canada
If you’ve been turned down for a mortgage because of bad credit, you’re not alone. In today’s challenging housing market, many Canadians are facing strict lending criteria, rising interest rates, and a tightening mortgage stress test. But here’s the good news: AI-driven mortgage approvals are changing the game, offering faster, smarter, and more flexible solutions, […]
Why These Ontario Professionals Became Mortgage Agents
Leaving a career and adopting a totally new field is quite a challenging task. People who have confidence in their skills or have a passion to learn new things usually take this bold step. In Ontario, several people want to become a mortgage agent but are afraid of leaving their previous job. But those who […]
What You Need to Know Before Taking the Ontario Mortgage Agent Course
Many people, from recent grads to seasoned professionals, are turning to mortgage brokering in Ontario, drawn by the demand for flexible, well-paying careers in real estate and finance. But before you dive in, there are some essential things to know about the Ontario Mortgage Agent Course and how to get licensed. This guide will walk […]
How Long Does It Take to Become a Mortgage Agent in Ontario?
The mortgage industry in Ontario is booming, with rising demand for real estate professionals, now is a great time to become a licensed mortgage agent. Whether you’re switching careers or entering the workforce for the first time, it’s important to understand how long the licensing process takes. Timing matters, especially for new agents eager to […]
Step-by-Step Guide to Becoming a Licensed Mortgage Agent in Ontario
Thinking about starting a new and profitable career in the real estate or finance industry? If you’re a recent graduate, mid-career professional, or simply exploring new opportunities, becoming a Mortgage agent license Ontario could be your perfect next step. Mortgage Squad offers the flexibility to work on your own schedule and assist individuals in achieving […]
Why Mortgage Squad is the Best Brokerage for New Agents in Ontario?
With rising demand for home financing solutions, many professionals are exploring careers in the mortgage industry. But here’s what no one tells you: the brokerage you choose can make or break your success. At Mortgage Squad, we specialize in helping new agents start strong, learn fast, and grow confidently and Best Brokerage for New Agents […]
Top 5 Mistakes New Mortgage Agents Make When Choosing A Brokerage
Starting a career as a mortgage agent in Canada is both exciting and full of potential, but one of the most important decisions you’ll make early on is choosing the right brokerage. This choice can shape your future in the industry, affecting everything from your training and support to the clients you serve and the […]
What to Look for in a Mortgage Brokerage as a New Agent in Ontario
If you are thinking about starting your career as a new mortgage agent in Ontario. You are at the right place to get all the information that helps you to choose an ideal opportunity for you. There’s a lot to learn, from getting licensed to understanding how the industry really works. One of the most […]
How To Choose The Right Mortgage Brokerage To Start Your Career In Ontario
Choosing the right mortgage brokerage is one of the most important steps when starting your career in Ontario’s fast-paced mortgage industry. The question is how to become a mortgage broker in Ontario? The brokerage you join can shape your learning, income potential, and long-term growth. Whether you’re new to the field or looking for better […]
10 Benefits Of Choosing Mortgage Brokering As A Career In Ontario
Ontario’s housing market is busier than ever, and that means more people need help finding the right mortgage. That’s where mortgage brokers step in. As a broker, you help clients compare lenders, find the best deals, and walk them through the entire mortgage journey, from the first talk to final approval. Want to know Canada’s […]
How Much Do Mortgage Agents Make in Ontario?
Becoming a mortgage agent in Ontario could be your next big move. Because so many homebuyers need expert advice, mortgage agents are in high demand. Plus, the job comes with some great perks: flexible hours, commission-based earnings, and the satisfaction of helping people get the keys to their new homes. If you’re curious about this […]
Can You Buy a Home with Bad Credit? Yes — Here’s How!
Bad credit can feel like a significant obstacle when it comes to purchasing a home, but it doesn’t need to be the end of your dream. Lenders in Canada assess credit scores to determine your financial reliability. A low credit score typically indicates a higher risk for lenders, which can affect your ability to secure […]
Bad Credit Mortgage Tips: Avoid These Common Mistakes
The process of getting a mortgage with bad credit can feel overwhelming, but with the right approach, it’s entirely manageable. For Canadians facing this challenge, understanding common mistakes and how to avoid them is essential. Below, we’ll explore the key steps and pitfalls to help you secure a mortgage without unnecessary stress. Understanding Bad Credit […]
Struggling with Bad Credit? Here’s How to Qualify for a Home Loan
Buying a home is a major milestone, but for many Canadians, securing a mortgage can be a challenge, especially if they have bad credit. With financial difficulties, missed payments, or other credit issues, many wonder whether homeownership is even possible. However, even if your credit score isn’t ideal, there are still ways to qualify for […]
How to Secure the Best Private Mortgage Rate in Today’s Market in 2025
Securing a private mortgage in Canada can be a great option if you’re unable to get approval through traditional lenders like banks. However, private mortgages come with their own set of challenges, particularly when it comes to securing the best possible interest rate. With the Canadian real estate market continuously growing, it’s essential to understand […]
How to Secure a Mortgage with Bad Credit in Canada
Securing a mortgage is often one of the most important financial milestones for Canadians, but for individuals with bad credit, it can feel like an impossible challenge. Whether you’ve faced financial setbacks in the past or have struggled with credit issues, securing a mortgage is not out of reach. Understanding your options, preparing your finances, […]
What to Know About Refinancing Your Mortgage: A Comprehensive Guide
Refinancing a mortgage can be a powerful financial tool for homeowners looking to save money, pay off debt more efficiently, or make their home loan more manageable. Whether you’re considering refinancing to take advantage of lower interest rates or to tap into your home’s equity, understanding the process is key. This blog will guide you […]
Understanding Canada’s New Mortgage Rules: Insights from a Broker
As Canada continues to grapple with housing affordability challenges, new federal mortgage rules are being introduced to provide some relief to potential homebuyers. These changes are designed to offer more flexibility and support for Canadians trying to navigate an increasingly expensive real estate market. For many, these new rules may provide the opportunity to step […]
How Good Credit Scores Impact Your Mortgage Approval
When it comes to securing a mortgage, one of the most critical factors lenders evaluate is your credit score. Your credit score is a reflection of your financial health and creditworthiness, influencing not only your ability to get approved for a mortgage but also the interest rate and terms you’ll receive. Understanding the role that […]
What is the Self-Employed Mortgage Application Process?
Securing a mortgage can be particularly challenging for entrepreneurs, gig workers, freelancers, and independent contractors. Lenders prioritize a consistent and verifiable income, which can be difficult to demonstrate without a regular paycheck or W-2 form. However, being self-employed doesn’t automatically mean you’ll struggle to get a loan. Here are some key insights for self-employed individuals […]
Understanding Income Verification for Self-Employed Mortgage Applicants
As more and more people turn to self-employment, the process of applying for a mortgage can seem daunting. Unlike traditional employees who have regular pay stubs and W-2 forms to prove their income, self-employed individuals have a different set of documents to show their income. This is where income verification comes into play. Income verification […]
Tax Deductions and Their Influence on Mortgage Applications in Canada
Mortgages are an essential aspect of homeownership in Canada. With the rising cost of housing, many Canadians rely on mortgages to afford their dream home. However, securing a mortgage is not always easy. Lenders have strict criteria for approving mortgage applications, and one crucial factor they consider is the borrower’s income and expenses. One significant […]
Navigating the Self-Employed Mortgage Application Process in Canada
As a self-employed individual, you may find it challenging to obtain a mortgage compared to those with traditional employment. However, with the right knowledge and preparation, you can successfully secure a mortgage and achieve your homeownership goals. In this guide, we will walk you through the steps of applying for a mortgage as a self-employed […]
Understanding Income Verification for Self-Employed Mortgage
Owning a home is a dream for many individuals, and in Canada, there are various programs and options available for mortgage loans. However, as a self-employed individual, getting approved for a mortgage loan can be more challenging compared to those who have regular employment. This is because traditional lenders often require proof of stable income, […]
Tax Deductions and Their Influence on Mortgage Applications in Canada
When it comes to purchasing a home, one of the most important factors to consider is affordability. Many prospective homeowners turn to mortgages in order to finance their purchase, and this often involves applying for a mortgage loan from a lender or financial institution. In Canada, there are certain tax deductions that can play a […]
Understanding the Risks and Benefits of Private Mortgages
A private mortgage, also known as a private loan or direct loan, is a type of financing that involves borrowing money from an individual or a group of investors instead of a traditional financial institution like a bank. This can be an attractive option for borrowers who may not qualify for a conventional mortgage or […]
Legal Considerations When Entering a Private Mortgage Agreement
Entering into a mortgage agreement is a big decision that requires careful consideration. While most people choose to obtain a mortgage from traditional lenders such as banks, credit unions, or mortgage brokers, some may opt for private mortgage agreements. Private mortgages involve obtaining financing from an individual or group of investors rather than a financial […]
The Impact of Business Structure on Mortgage Eligibility
The structure of a business can have a significant impact on the eligibility of obtaining a mortgage. Lenders often take into consideration the type of business structure when evaluating the loan application. There are various types of business structures, including sole proprietorship, partnership, corporation, and limited liability company (LLC). Each structure has its own set […]
Key Differences Between Private Mortgages And Traditional Mortgages
When it comes to financing a property, understanding the nuances between private and traditional mortgages can be important in choosing the right path for your financial needs. Both types of mortgages serve the fundamental purpose of allowing property purchases, but they differ significantly in terms of their structure, accessibility, and implications. This information aims to […]
Mortgage Renewal Strategies For Securing The Best Rates And Terms
Renewing your mortgage can be an important moment in your financial journey, offering an opportunity to reassess your mortgage terms and secure a better deal. With interest rates fluctuating and new financial products constantly emerging, it’s essential to approach mortgage renewal strategically. This guide will explore effective strategies for securing the best rates and terms […]
Mortgage Broker vs. Bank: Which Option is Best for Your Financing Needs?
When securing a mortgage for your dream home, you have two primary options: working with a mortgage broker or going directly to a bank. Both paths have their advantages and potential drawbacks, and choosing the right one can significantly impact your home-buying experience and long-term financial health. Let’s explore the key differences between mortgage brokers […]
Refinancing Your Mortgage in the GTA: When and How to Do It Right
Refinancing your mortgage can be a strategic move to improve your financial situation, especially if you live in the Greater Toronto Area (GTA). Whether you’re looking to lower your interest rate, reduce monthly payments, or tap into your home equity, understanding the ins and outs of mortgage refinancing is crucial. This guide will help you […]
Self-Employed Mortgages: Navigating the Unique Challenges in Toronto
In the bustling city of Toronto, where entrepreneurship thrives, and the gig economy continues to grow, self-employed individuals face unique challenges when securing a mortgage. With 13.2% of Canada’s workforce being self-employed, it’s crucial to understand the intricacies of obtaining a mortgage when you’re your own boss. This blog post will explore the hurdles self-employed […]
When a Low Home Appraisal Affects Your Mortgage
The Importance of Home Appraisals Whether you’re an aspiring homebuyer or a homeowner looking to refinance, getting a home appraisal can be a nerve-wracking process. A lower-than-expected appraisal can significantly impact your ability to secure the mortgage you need. Understanding the appraisal process, why appraisals sometimes come back low, and what to do if you […]
What is a Halal Mortgage and How Does it Work?
In Canada, the concept of a halal mortgage is gaining traction as an ethical and religiously compliant alternative to conventional mortgages. Halal mortgages, the acceptance for which is currently being consulted by the Canadian government, are designed to adhere to Islamic Sharia law, which prohibits the payment or receipt of interest, known as riba. This blog […]
How to Get a Private Mortgage in Ontario
There has been a notable rise in private mortgages throughout Canada, including Ontario. A significant factor behind this trend is the growing difficulty Canadians face with traditional lending institutions. According to the Financial Post, over 35 percent of these institutions tightened their household mortgage lending requirements in the first quarter of 2023. This has led […]
Private Mortgage: Pros, Cons, Risks, and Benefits in Ontario
Over the past few years, rising interest rates have caused financial difficulties for many mortgage borrowers, both existing and prospective, as well as those facing renewal. Consequently, many distressed borrowers are turning to private mortgage lenders. This blog post offers a thorough overview of private mortgage lenders in Ontario, equipping you with the knowledge to […]
Private Mortgage: When and Why You Might Need One
What Is a Private Mortgage? A private mortgage is a lending solution designed for borrowers who do not meet the stringent requirements of traditional lenders, such as banks or credit unions. Private lenders offer an alternative for those with poor credit scores, unconventional income, or other financial challenges. Traditional lenders base approvals on credit scores, […]
What is the Home Buyer’s Plan?
Owning a home is a significant milestone, representing financial security and personal accomplishment. For many, this dream requires years of saving and planning. However, tools like the Home Buyer’s Plan (HBP) can help make homeownership more accessible. The Home Buyers’ Plan (HBP) is a Canadian government program that allows first-time homebuyers to withdraw funds from […]
Mortgage Denial After Pre-Approval? Here’s why…
Mortgage Denial After Pre-Approval: Understanding the Risks It’s a commonly asked question, How can a bank deny my mortgage application after I’ve been approved? Getting pre-approved for a mortgage is an exciting step toward owning your new home. However, did you know that nearly 1 in 5 mortgage pre-approvals in Canada are denied at the […]
Bank of Canada cuts key interest rate to 4.75%
The Bank of Canada cuts key interest rate to 4.75%, marking the first rate cut since March 2020. Bank Governor Tiff Macklem announced that the monetary policy no longer needs to be as restrictive, given the progress in the fight against inflation. Why the Bank of Canada Cuts Key Interest Rate Inflation has moved closer […]
5 Simple Steps to Improve Your Credit Score
In our journey to better financial health, improving your credit score is crucial. A higher credit score can secure you lower mortgage rates, better refinance options, and favorable credit terms. Here, we’ll outline five straightforward steps to help you improve your credit score. 1. Monitor Your Credit Report and Score To improve your credit score, […]
How Can I Consolidate My Debt If I Have Bad Credit?
Debt consolidation involves combining multiple loans into one loan with a lower interest rate. This simplifies your payments and can reduce your overall monthly payment. But how can you consolidate debt with bad credit? People opt for debt consolidation for various reasons: Peace of mind: Track one bill instead of many. Interest rate reduction: Lower […]
How Long Does Bad Credit Stay on Your Record?
Mistakes happen, especially with finances. A missed or late payment can stain your credit report, but how long does bad credit stay on your record? If your credit score has taken a hit and you’re on a plan to clear your debts, how long before your score recovers enough for you to qualify for a […]
The Great Reset: How The Covid Pandemic Continues to Shape Homebuying Priorities and Preferences
Welcome to the homebuying saga of the 2020s – where the COVID-19 pandemic has thrown us all for a loop, turning our housing aspirations into a rollercoaster ride of uncertainties and unexpected twists. It’s been a whirlwind of virtual tours, bidding wars, and existential questions about whether that extra bedroom is really worth the extra […]
Green Living, Green Investing: The Surging Demand for Eco-Friendly Homes
In an era where sustainability is no longer just a buzzword but a way of life, the real estate landscape is undergoing a profound transformation. As the world grapples with pressing environmental concerns, there has been a notable shift towards eco-friendly homes, driven by a growing awareness of the need to reduce our carbon footprint […]
The Millennial Movement: Redefining Homeownership in the Digital Age
In the ever-evolving tapestry of real estate, millennials are emerging as a formidable force, reshaping the landscape of homeownership with their unique preferences and digital-savvy approach. As this dynamic generation steps into their prime home-buying years, they are infusing the market with a fresh perspective, challenging traditional norms, and embracing innovative solutions. Gone are the […]
Mortgage Agent Guide for First-Time Homebuyers in Canada
Are you buying a new home in Canada? Getting the best mortgage options as a new home buyer may be challenging for you. As you do not know about the housing market trends, the Government and private lenders. A good mortgage agent helps you in this complete process. Hiring a professional who can prepare documents […]
High-Rate Hurdles: Mortgage Brokers Forge Ahead with Grit and Grace
In the world of mortgage lending, the current high-rate environment has posed considerable challenges for both seasoned professionals and fresh faces venturing into the realm of brokering. With the benchmark lending rate perched at a 22-year high of 5.00%, the stakes have never been higher, leaving many to ponder when the much-anticipated rate relief will […]
New Year, New Trends: Housing Starts To Take a Step Back in January
As the clock struck midnight on the dawn of 2024, the Canadian housing market witnessed a subtle shift in tempo, with the annual pace of housing starts in January slowing by 10% compared to the bustling December scene. According to the latest data from the Canada Mortgage and Housing Corp. (CMHC), the seasonally adjusted annual […]
Forecasting the Future: Benjamin Tal’s Call to Action for Canada’s Housing Planning Crisis
In the grand saga of Canada’s housing landscape, a recent report by CIBC’s deputy chief economist, Benjamin Tal, has ignited fresh discourse on the housing supply conundrum. Titled ‘The housing crisis is a planning crisis,’ Tal’s research unveils a sobering revelation: the gap in housing supply projections may be far wider than previously envisaged, possibly […]
The Impact of Soaring Interest Rates on Canadians’ Romantic Escapades
As Cupid sharpens his arrows for the impending Valentine’s Day, a survey has unveiled a sobering reality: the impact of soaring interest rates on Canadians’ romantic escapades. Conducted by 360Lending, the survey reveals that nearly half of respondents have experienced or fear that higher mortgage or rent payments have cast a shadow over their love […]
Unveiling Canada’s Housing Conundrum: Bank of Canada’s Macklem Debunks Monetary Policy Myths
Amidst the fervent discussions surrounding Canada’s housing market dynamics, Bank of Canada Governor Tiff Macklem delivered a sobering reality check today, emphasizing that while monetary policy holds weighty influence, it’s not the singular remedy for the nation’s housing affordability woes. In his meticulously prepared remarks at the Montreal Council on Foreign Relations, Macklem underscored the […]
Resurgence in Rate Cuts: Canadian Mortgage Market Navigates Choppy Waters
The Canadian mortgage market is once again abuzz with activity as lenders scramble to readjust their offerings, bringing fixed mortgage rates back down after a brief hiatus marked by an upward nudge in bond yields last month. In January, a surge of over 40 basis points in Government of Canada bond yields sent some mortgage […]
Nesto and M3’s Strategic Partnership: A Game-Changer in Canada’s Mortgage Landscape
Recently, we delved into the breaking news of a pivotal partnership between Canadian fintech trailblazer, nesto, and industry heavyweight, M3 Group. Now, as the dust settles and the implications become clearer, it’s time to explore how this strategic alliance is poised to reshape the mortgage broker landscape in Canada. In a move set to redefine […]
Bank of Canada’s Rate Cut Timing: Surprising Crescendo Fuels Speculation
Canada’s economic rhythm has taken a fascinating turn, hitting a crescendo that exceeds growth predictions and raises questions about the Bank of Canada’s immediate plans for rate cuts, according to economists. In a recent report from Statistics Canada, November’s GDP growth of 0.2% outperformed expectations, creating a buzz of optimism. The excitement amplifies with a […]
Navigating the Canadian Housing Seas: Stability Amid Economic Shifts
In the grand overture of Canada’s housing market, a harmonious period of stability is anticipated to unfold in the coming months. BMO’s senior economist, Robert Kavcic, takes center stage in a recent research report, painting a portrait of resilience for the Canadian real estate landscape. However, homeowners expecting a return to the exuberant price gains […]
Nesto Forges Exclusive Partnership with M3 Group, Set to Transform Mortgage Distribution Landscape
In a groundbreaking move this week, digital mortgage disruptor nesto revealed a strategic alliance with M3 Group, signaling its entry into the broker channel for mortgage distribution. The agreement, termed an “exclusive brokerage services relationship,” opens the doors for nesto to tap into M3 Group’s extensive network of over 8,500 brokers, spread across renowned brands […]
Bank of Canada’s Rate Cut Waltz Takes a Dramatic Pause, Anticipation Mounts for a June Overture
In a captivating dance of economic projections, it appears that the first-rate cut from the Bank of Canada is set to be a delayed affair, with a majority of economists betting on at least June to roll out the interest rate red carpet. Initial expectations had flirted with the idea of rate cuts as early […]
Dancing with Numbers: Inflation’s Twist, Turns, and the Bank of Canada’s Rate-Cut Dilemma
In a recent twist of economic fate, the latest inflation figures have thrown a curveball at those crossing their fingers for a prompt Bank of Canada rate cut. The consumer price index decided to show off a bit, surging to a formidable 3.4% in December, giving the central bank’s endeavors to rein in escalating prices […]
Confused between 2nd and 3rd Mortgages? We’ve Got You Covered!
In the labyrinth of mortgage options, navigating between the realms of 2nd and 3rd mortgages can feel like deciphering an ancient map written in a language known only to a select few. Fear not, dear reader, for we are here to unravel the mystery and shed light on the nuanced differences that set these two […]
“Unlocking the Door to Savings: Are Plummeting Fixed Mortgage Rates Your Key to Financial Advantage?”
In recent months, interest rates on certain fixed mortgages have seen a notable decline, presenting an enticing opportunity for Canadians exploring the upcoming spring housing market or facing the renewal of their existing mortgages. The insurable five-year fixed-rate mortgages, a popular choice among Canadians, have witnessed a significant drop, falling below five per cent before […]
Bond Market Signals: Five-Year Fixed Mortgage Rates Dip Below 5%, Prompting Homebuyer Dilemmas
Anticipating forthcoming interest rate reductions by central banks, certain fixed mortgage rates have hit their lowest points in months. However, against the backdrop of economic uncertainty, both prospective homebuyers and existing homeowners facing renewals confront challenging decisions. In contrast to the trajectory observed since the onset of 2022, mortgage rates in Canada have surged, spurred […]
What’s an APR in Mortgages, and Why Does it Matter?
When you embark on your journey to homeownership or consider refinancing your existing home, there’s a plethora of terms, acronyms, and numbers thrown your way. It’s like trying to decipher a secret code, and one of those cryptic elements is APR – Annual Percentage Rate. But what exactly is it, and why does it matter […]
Your Path to Homeownership: Mastering Mortgage Pre-Approval Do’s and Don’ts
Hey there, future homeowner! The journey to owning your dream home begins with a vital checkpoint: getting a mortgage pre-approval. This magical ticket not only unlocks your budget but also lets sellers know you mean business. But don’t worry, I’m here to guide you through the exciting world of mortgage pre-approval do’s and don’ts. Buckle […]
Mortgage Tips for Smart Renewal Decisions in 2023
Renewing a mortgage might seem like a routine financial step, but in the ever-changing landscape of interest rates, homeowners in Canada need to be more proactive than ever. With about 66% of homeowners needing to renew their mortgages at least once before paying them off completely, it’s crucial to understand the nuances of mortgage renewal […]
Canada’s Recreational Property Market in 2023: Canada’s Recreational Property Market in 2023
For The recreational property market in Canada, which enjoyed an impressive surge during the pandemic, is now undergoing a shift towards equilibrium as higher borrowing costs and decreased demand come into play. The insights gathered from a comprehensive report by Royal LePage, featuring input from over 200 real estate experts and brokers across the nation, […]
Canada’s Economy: Navigating Uncertainty Through Mortgage Innovations
Canada’s economy stands out for its remarkable resilience, defying expectations by sidestepping a recession despite navigating through an intense period of rate tightening in the nation’s history. A driving force behind this accomplishment is the innovative financial tool known as the fixed-payment variable-rate mortgage. These mortgages, offered by prominent banks like RBC, TD, BMO, and […]
The Power of Digital Onboarding: Streamlining the Mortgage Industry
The mortgage industry has undergone a remarkable transformation in recent years, and one of the key drivers of this change is the adoption of digital onboarding solutions. In this digital age, brokers are embracing technology to streamline their processes and offer clients a more efficient and convenient mortgage application experience. Digital onboarding not only benefits […]
Canadian Real Estate Market Shows Resilience Despite Rate Hikes
The Canadian real estate market has been on a rollercoaster ride, grappling with the impact of the recent rate hike implemented by the Bank of Canada. Despite this, recent data from key real estate boards in the country’s largest metro areas indicates that the market is showing resilience and adaptability in the face of changing […]
Fixed Mortgage Rates on the Rise: What You Need to Know
Amidst growing speculation, fixed mortgage rates have been on the rise in recent weeks, causing concern among potential homebuyers and homeowners alike. The pivotal factor influencing these rates is the Government of Canada 5-year bond yield, which has breached a significant threshold of 4%. As this level has acted as a crucial resistance point for […]
Exploring Canada’s Economic Growth: A Mixed Bag Amidst Challenges
Canada’s economic growth has recently been labeled as “disappointing,” leaving many speculating about the Bank of Canada’s potential decision to hold off on further rate hikes. In May, the country’s gross domestic product (GDP) experienced a 0.3% monthly increase, slightly below economists’ expectations. Meanwhile, June’s preliminary estimate suggests a 0.2% monthly contraction, potentially leading to […]
Scotiabank Bounces Back Strong with Competitive Mortgage Rates and Expanded Retail Offerings
In a surprising turn of events, Scotiabank has made a remarkable resurgence in the mortgage market. After facing funding challenges and slowing its mortgage portfolio last year, the bank has taken a bold step forward with competitive pricing and an expanded retail package program for its broker partners. This move has left the industry stunned, […]
Canada’s Benchmark Interest Rate Expected to Hold Steady Amid Economic Optimism
According to the Bank of Canada’s recent Market Participants Survey, Canada’s benchmark interest rate is anticipated to remain at 5.00%, the highest level in over two decades. In this article, we’ll explore the insights provided by the survey, which sheds light on the financial market participants’ views on interest rates, inflation, and the country’s […]
Bank of Canada Raises Interest Rates for the 10th Time: Key Factors and Future Considerations
In a significant move, the Governing Council of Bank of Canada decided to increase interest rates by 0.25 percentage point in July, marking the 10th rate hike. This decision was driven by concerns that delaying action until September could pose risks to the nation’s economic stability. The Council’s decision was largely influenced by the projection […]
Navigating Canada’s Fixed Rate Mortgages amid Market Uncertainty
In Canada’s dynamic mortgage market, fixed-rate mortgages are experiencing a recurrent upward trend. This surge is largely attributed to the recent increase in Government of Canada bond yields, which serve as the benchmark for pricing fixed-rate mortgages. Leading mortgage lenders, including prominent banks such as BMO, CIBC, and RBC, have responded to this shift by […]
Addressing Canada’s Housing Affordability Crisis: A Balanced Approach
The housing affordability crisis in Canada has become a daunting challenge for numerous citizens, rendering homeownership an elusive dream. The Canada Mortgage and Housing Corporation (CMHC) highlights the urgency of adding 3.5 million housing units by 2030 to restore affordability. As the debate on short-term relief measures intensifies, experts offer varying perspectives on potential solutions. […]
BMO’s Exciting Return to the Mortgage Broker Channel: A Game-Changer for Brokers and Clients
In exciting news for the Canadian mortgage industry, BMO is set to re-enter the mortgage broker channel with the launch of BMO BrokerEdgeTM in early 2024. This strategic move comes after a hiatus of over a decade, and it aims to revolutionize the broker market by providing unparalleled value and a seamless experience to brokers […]
Understanding Canada’s June Inflation Report: Slowdown in Headline Inflation and Rising Mortgage Costs
Headline Inflation Slows Down Canada’s economy experienced a notable development in June, as the headline inflation rate slowed down to 2.8%, marking its slowest pace since March 2021. This decrease was surprising to many, as it fell below the market’s expectations of a 3% reading. On a monthly basis, the increase in headline inflation was […]
Canada’s Population Boom Sparks Unprecedented Housing Demand and Skyrocketing Home Prices
Canada is experiencing a remarkable surge in housing demand, driven by its population boom, which has led to soaring home prices. As the historical gap between population growth and property price increases widens, experts predict that this trend will intensify in the years to come. With record-breaking immigration numbers and increasing house starts, the Canadian […]
Fixed Mortgage Rates: Recent Surge in Rates Driven by Market Factors
In the past couple of weeks, mortgage lenders, including prominent institutions among the Big 6 banks, have experienced a notable upswing in mortgage rates. This surge can be attributed to a substantial increase in the Government of Canada 5-year bond yield, a crucial determinant of fixed mortgage rate pricing. As of Monday, the yield reached […]
How Technology is Revolutionizing Real Estate Investing
Real estate investing has traditionally been associated with high barriers to entry, high transaction costs, and limited access to data. However, in recent years, technology has been transforming the real estate industry, making it easier for investors to access real estate opportunities and enabling more efficient property management. In this article, we will explore how […]
The Entrepreneur’s Guide to Navigating Self Employed Mortgages
Self-employed people have particular difficulties getting a mortgage. Compared to individuals with regular jobs, entrepreneurs may encounter challenges obtaining approval for a self-employed mortgage due to their fluctuating income or difficulty verifying it. In this tutorial, we will discuss the benefits of self-employment, the necessary paperwork, eligibility criteria, selecting the appropriate lender, and exploring alternative […]
Mortgage Rates in Ontario: What You Need to Know
Finding the greatest mortgage rates in Ontario is crucial for every purchaser or homeowner in Ontario. With so many lenders giving competitive rates, it’s vital to browse around for the lowest pricing. In this post, we’ll walk you through the steps you need to follow to obtain the best mortgage rate in Ontario. Understanding […]
HELOC Interest Rates in Ontario: What You Need to Know Before You Borrow Against Your Home Equity
A home equity line of credit (HELOC) may be an appealing option for Ontario homeowners who want to access their home equity for large expenses such as house improvements or school tuition. But, before making this financial decision, it is critical to understand the impacts of HELOC interest rates. Here’s what you should know about […]
A Guide to Registered Education Savings Plans
Saving for Your Child’s Future: A Guide to Registered Education Savings Plans Let’s discuss Registered Education Savings Plans. As a parent, you want the best for your baby. One strategy to safeguard their future is via investing in their education. The price of post-secondary education continues to climb, making it challenging for parents to support […]
HELOC Interest Rates Explained: How They Work and Why They Matter
A home equity line of credit (HELOC) is a sort of loan that allows homeowners to borrow money using the equity they’ve built up in their houses. HELOCs are becoming increasingly popular due to their low interest rates and flexibility. But, understanding HELOC interest rates is critical for consumers who want to use this sort […]
Jumping into the Homebuying Game? Here’s Why Mortgage Default Insurance Could be Your MVP
You’re not the only one who has considered purchasing a house. Many people aspire to own their own house, but the process can be challenging. Finding the ideal home, getting pre-approved for a mortgage, and coming up with a down payment are just a few of the many factors to take into account. You might […]
Why a Private Mortgage Broker Might Be the Key to Your Homeownership Dreams
What is a private mortgage broker? A private mortgage broker is a certified specialist who assists homebuyers in locating and obtaining a mortgage loan. Private mortgage brokers work individually or with small brokerages to provide customized mortgage lending services. They work with a variety of lenders to locate the best loan deal for their consumers, […]
Mortgage Protection Insurance: A Safety Net for Homeowners
What is an MPI? Your mortgage is probably one of your biggest financial obligations if you own a home. Safeguarding your investment and the financial security of your family is essential, especially in the event of unanticipated events like job loss, disability, or death. Mortgage Protection Insurance (MPI) can help with that. In the […]
The Comeback of Interest Only Mortgage
In today’s world, financing a home can be a complicated and overwhelming process. With so many options available, it can be challenging to decide which type of mortgage is best suited for your unique financial situation. One type of mortgage that is making a comeback in the housing market is the interest only mortgage. In […]
How a Home Equity Line of Credit Can Help Fund Your Child’s Education
Understanding Home Equity Line of Credit (HELOC) for Financing Education As parents, providing the best education for our children is paramount. However, the cost of tuition fees, textbooks, accommodation, and living expenses can take a toll on a family’s finances. Fortunately, many homeowners have turned to a home equity line of credit (HELOC) to fund […]
Debt Consolidation Loans vs. Debt Settlement: Pros, Cons, Eligibility Requirements, and Risks
Debt consolidation loans and debt settlement are two common options for individuals who seek to alleviate the burden of overwhelming debt. Debt consolidation loans involve taking out a lump sum of money to pay off multiple debts simultaneously, whereas debt settlement entails negotiating with creditors to settle debt for less than what is owed. People […]
First Time Home Buyer? Here’s A Guide
The current state of the real estate market can be challenging for a first time home buyer. As housing prices continue to rise, it can be difficult to find the perfect home in a competitive market. Many buyers are struggling to make their first home purchase, but there are strategies that can help. In this […]
What You Need to Know About Pre-Approval for Mortgage Rates in Ontario
Are you a first-time homebuyer in Ontario? Well, you might be wondering how you can go about securing the best mortgage rate in Ontario. One, of many, vital steps of the process is to obtain a pre-approval for your mortgage rate. This article was written by me with the intent of breaking down the process […]
Understanding the Mortgage Renewal Process: A Step-by-Step Guide
The mortgage renewal process is a critical component pertaining to homeownership that allows you to renegotiate the original terms of your existing mortgage, including the duration of the loan, interest rates, and the payment schedule. The process may seem intricate or complicated at first but this blog was designed to help elaborate on those intricacies […]
Bad Credit Mortgage Brokers 101’s
Overcoming the Challenges of Securing a Mortgage with Bad Credit Acquiring a mortgage is one of the most significant financial commitments most individuals make in their lifetime. Unfortunately, individuals with a low credit score often face challenges in obtaining a mortgage, leaving them feeling frustrated and hopeless. However, there is good news – bad credit […]
Mortgage Refinance Rates: Securing The Best Deal
With fluctuating economic conditions, mortgage refinancing rates are one of the most important factors homeowners need to consider. This blog post discusses the intricacies of these refinance rates and provides nuanced insight into how homeowners can get the best deal. These rates can affect monthly payments, and getting the best interest rates can save homeowners […]
Banks vs. Mortgage Broker In Toronto
Mortgage Broker Toronto: Better Than Banks for Home Loans? If you’re in the process of buying a home in Toronto, you know that securing a mortgage is one of the most important steps you’ll take. But with so many lenders and options out there, it can be tough to know where to turn. While some […]
5 Common Mistakes First-Time Home Buyers Make When Choosing a Mortgage Broker in Toronto
As a first-time home buyer in Toronto, finding the right mortgage broker in Toronto can be a daunting task. With so many options available, it’s easy to make some common mistakes that could have a significant impact on your home buying journey. In this blog post, we’ll explore five common mistakes that first-time home buyers […]
10 Reasons Why an Investment Property is a Good Idea
Passive income. Equity. Monthly rents. Tax breaks. These are some of the benefits that come with investing in real estate. While investing in apartment buildings, commercial properties and single-family homes can bring extra income each month and big paydays, it also comes with risk. The goal is to invest in properties that increase in value […]
How To Choose An Investment Property?
So, you have decided to buy an investment property! It’s wonderful news, as you look to lock up long-term financial security, and stability, diversify your portfolio and generate some passive income. If you are thinking about investing, it is vital to conduct proper market research to find the property that will generate optimal returns. This […]
Why You Should Consider an Investment Property?
In this chaotic world that we call home, everything can change with the flip of a coin. If these past two years have taught us anything, is that we must be prepared for anything and everything. The pandemic has had devastating consequences on the economy, that can still be felt today, including higher costs of […]
CMHC Mortgage Calculator: The Ultimate Guide
The Canadian Mortgage and Housing Corporation (CMHC), is a government-owned entity, that was established in 1946, to help returning veterans access housing. Several decades later it has become the gateway for all Canadians to able to access the housing market. The policies and guidelines set in place by it are designed to protect consumers and […]
Should You Refinance Your Mortgage?
While it is not the best time to refinance due to rising interest rates, you might still consider refinancing if you want to tap into your home’s equity. If you’re considering refinancing your mortgage, here’s how it works and what options are available to you. When you opt for a mortgage refinance, you replace your […]
5 Ways To Make A Mortgage Payment And Pay On Time
Aside from mailing a check each month for your mortgage payment, there are other ways to pay your mortgage that are convenient, reliable, and cheap. Here are the pros and cons of the various mortgage payment options. 1. How to pay your mortgage with online banking The easiest option for most homeowners is to pay […]
How to Work With a Mortgage Broker to Get a Better Loan Deal?
At the start of your mortgage journey, it is important to see a mortgage adviser or mortgage broker whether it is the first mortgage or is looking to re-mortgage. It will save you more time & effort in the long run. A mortgage getting is your biggest financial decision, so it is important to get it right. A […]
Why Use A Mortgage Payment Calculator?
Considerate how much the payments of mortgage will be is an essential part of attaining a mortgage that you can easily afford to service long term. A mortgage payment calculator can help you better recognize your estimated payment amount for borrowing to buy a home. For exact amount details, this tool can test different kinds […]
Mortgage Rate Forecasts: Will Rates Go Down In 2022?
In the 2021 end, Mortgage rates constant their up & down pattern. Mortgage interest rates rose to 3.11% on average till 30 December 2021. According to Freddie Mac, mostly the latest jump followed sideways movement because the fixed-rate average of 30 years has fluctuated among 2.98% & 3.14% since 28 October 2021. It reflects the […]