digilabs

When you make the decision to move to a new home, you might be worried about the status of your existing mortgage. The viable option of “porting” your mortgage—moving to a new home and bringing your present mortgage terms and interest rates with you—is possible. Let’s check the pros, cons, Read more…

Have you ever been asked to co-sign someone’s mortgage by a friend or relative? Though it could be a charming way of enabling them to realize their dream of homeownership, it’s not a choice that needs to be made impatiently. In Canada, co-signing a mortgage has serious obligations and threats Read more…

In Canada, there are numerous benefits to house ownership, but there are also financial obligations. Property taxes are one significant expense to consider. Your local municipality collects property taxes to pay for infrastructure, schools, public transportation and more. Property taxes have a big influence on your total cost of living Read more…

You will be required to make consistent mortgage payments when you buy a house and take out a mortgage. The mortgage payment frequency choice you select will determine how much and how often you pay. There are five main mortgage payment choices available in Canada: weekly, accelerated weekly, accelerated bi-weekly, Read more…

Congratulations! You’ve decided to take the exciting leap into homeownership. However, the process might seem intimidating because of the down payment requirements, pre-approval procedures, and legalities involved. One phrase you may come across is mortgage insurance. Canadian homebuyers, do not be alarmed!  Everything you need to know about mortgage insurance Read more…

One of the main tenets of Canadian culture is the desire to become homeowners. However, mortgages often feel more like a marathon than a sprint, let’s face it. The good news? You may shorten your loan term by years by taking a calculated approach to mortgage payments. You should think Read more…

For many Canadian homeowners, the subject of mortgage renewal stands out as a critical turning point as we work through the difficulties of managing our finances. This is a big event in the financial calendar because estimates show that by 2025, 3.4 million Canadians will be renewing their mortgages, and Read more…

Examining mortgage options in Canada can be a daunting task for anyone looking to buy a home or refinance an existing mortgage. The process is not only complex but also filled with critical financial decisions. This is where the expertise of a licensed mortgage broker becomes invaluable.  By leveraging their Read more…

In Canada, navigating the path to homeownership involves a number of important choices that could have a long-term impact on your lifestyle and financial stability. Choosing the appropriate mortgage amortization period is one of the most important decisions that prospective homeowners must make.  Depending on your preference for shorter or Read more…

Mortgage fraud is a serious problem that has been receiving more attention in Canada. It affects not just the financial industry but also those who are trying to buy a home. For individuals who are already mortgage holders as well as prospective homeowners, it is mandatory to understand the subtleties Read more…