Mortgage Calculators Help to Determine What You Can Afford

Are you thinking of buying a home but have no idea what you can afford? Mortgage calculators take the guesswork out of finding out what your payments will be based on any amount borrowed. Going online makes doing the calculations a simple and convenient way to find out this valuable information. How a Mortgage Calculator … Read More

How People New To Canada Can Obtain A Mortgage

Getting settled in a new country comes with a number of challenges, but in most cases people who are new to Canada can obtain a mortgage at competitive rates. The guidelines and financing options are different depending on the situation: In Canada on a work visa or an employed landed immigrant Non-landed immigrants who are … Read More

Variable Rate vs. Fixed Rate: the Great Mortgage Debate

Home owners have been able to take advantage of historically low mortgage rates for the past several years. Whether they are buying a home or making a decision to refinance a mortgage, the question about choosing a variable rate vs. fixed rate mortgage always comes up. To determine which one is best for you, consider … Read More

Is The Bank Of Canada’s .75% Interest Rate Something You Should Pass Up?

When the Bank of Canada (BoC) reduced its key interest rate by 25 basis points to 0.75 percent, it certainly was a bold move that made a lot of people sit up and take notice. At first, consumers were waiting hopefully for Canada’s Big Banks to drop their prime rates by the full quarter point … Read More

How Does Refinancing Work?

Refinancing is the process where a homeowner arranges to have the existing mortgage on the house (as well as any other legal claims against the property) paid off and replaces the mortgage with a new one. There are several reasons why you may want to consider taking this step, such as: Taking advantage of lower … Read More

What EVERY Mortgage Calculator Should Be Telling You

A simple mortgage calculator can tell you how much your mortgage payment will be at different interest rates at the term you select. You can even find out how much your payment will be if you decide to pay your mortgage monthly, semi-monthly, bi-weekly, weekly or make accelerated bi-weekly or weekly payments. Your mortgage calculator … Read More

Should You Consider Getting “Mortgage Insurance”?

Your mortgage is likely the largest debt you will ever take on in your life. If something were to happen to you, would you like to see it paid off so that your surviving spouse or partner or your children can have the benefit of a mortgage-free home? Mortgage insurance is a good idea, but … Read More

Should You Re-Finance Your Mortgage This Spring?

As the weather starts to warm up, it’s natural to think about home improvements. Are you also thinking about whether you could improve your finances by deciding to re-finance your mortgage this spring? There are some good reasons why you should consider making a change now. Why Finance your Mortgage this Spring You Can Get … Read More