Monthly Archives: December 2014

How to Get the Best Deal on your Home Insurance

Your home is your castle, and you want to make sure that it is properly protected with the right homeowner’s insurance. If your goal is to get the best deal on your coverage, there are some things you can do to make sure that are not overpaying for this necessary financial product.   Get the … Read More

What is an Accelerated Mortgage Payment and How it can Help you Pay off your Mortgage Faster

An accelerated mortgage payment is one where you pay your lender either an additional payment or a larger payment than the one you are required to under your mortgage agreement. Each lender will have its own rules for making this type of payment. In some instances, you will be able to make your extra payment … Read More

What do Mortgage Lenders Look for When Deciding Whether to Approve an Application

When a bank or other mortgage lender receives an application for funding, what kinds of things do you suppose they look at? Is getting a loan stacked in favour of people who are making large incomes only? Not necessarily. There is more than one factor that lenders look at when deciding who will be successful … Read More

4 Important Questions to Ask before you Talk to a Mortgage Broker

If you are in the market for a mortgage, there are a few questions you should be asking yourself if you will be purchasing a house on your own or discussing with your spouse/partner or your co-buyer before you talk to a mortgage broker. Making some decisions and gathering some information in advance will make … Read More

Could you Save Money Over your Current Home Loan?

You have probably heard about the potential benefits of refinancing a home loan. With interest rates continuing to hover at historic lows, homeowners who have accumulated enough equity in their home and who have a good credit rating have the potential to save a significant amount of money by making this financial move. Could you … Read More

Mortgage Prepayment Penalty May be More Costly than you Think

If you have a fixed-rate mortgage and you decide that you want to end the contract early, it could end up costing you a lot more than you expect. The standard thinking is that if you decide to break the existing contract is that you will pay three months’ interest. That is true, if you … Read More