Your mortgage renewal and rising rates: what you should know.
Mortgage renewals is a topic that has garnered a fair bit of media attention recently. And for good reason. Those facing a mortgage renewal in the coming months or even in the next year are rightly concerned about the impact higher rates will have on their monthly payments. However, it’s important to remember that there […]
Where should you obtain your mortgage?
One of the first big decisions prospective home buyers and owners face is how they plan to obtain their mortgage. Should they work with their bank, go direct-to-lender or choose a mortgage broker? As a mortgage professional, you can probably assume the option I would recommend. But below I would like to explain the reasons […]
Is co-ownership an option to achieve homeownership?
With interest rates rising and the overall cost of living, more people are turning to co-ownership an creative option to achieve homeownership. Co-ownership with family or friends—once a very niche segment of the market—is one such option that is growing in popularity. A recent RE/MAX survey revealed that a third of Canadian homebuyers (33%) are […]
Who is best at mortgage discharge penalties?
There are several reasons why consumers sign up for five year mortgage terms even though statistically the average mortgage only lasts 3 years. Most of us don’t plan to leave our lending institution early and break our mortgage contract however, life happens. Perhaps you leave your job, change locations, run into financial trouble, get divorced, […]
