Category Archives: Mortgage Financing

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 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

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

Do You Understand Costs of Refinancing?

Are you considering refinancing your home? With mortgage rates continuing to stay low, it’s tempting to try to cut costs by attempting to get a better rate on this major household expense. If you locked in your mortgage for four or five years just a couple of years ago and you see rates have dropped … Read More

You Can Apply for a Kelowna Mortgage with Bad Credit

For a number of people, the past few years have been economically challenging. It’s relatively easy to get into financial trouble these days – all it takes is a job loss, a serious illness or disability, or a business that didn’t perform as expected, and the next thing you know you are in a situation … Read More

Does a Midterm Mortgage Refinance Make Sense for You?

If you have taken a look at your financial situation and are looking for a way to consolidate your debts, pay for a large repair or some much-needed renovations on your home, you need to consider your options carefully. Adding to an existing mortgage when the term is up for renewal is something you can … Read More

Advantages of Getting a Mortgage Pre-approval

Before you start looking for your first home (or a second home), you’re going to need to get your finances in order. It will make the process run a lot smoother if you know in advance how much home you will be able to afford and what your mortgage payments will be. With a mortgage … Read More

Refinancing your Mortgage: Consider your Options Before you Sign

Is your mortgage coming up for renewal over the next few months? Have you thought about your plans for refinancing your mortgage? This is a major financial decision, and failing to examine your options could end up costing you thousands of dollars!   Mortgage Consumers Gather Information and Consider Options According to Canada Mortgage and … Read More