First-Time Buyer Mistakes & How to Avoid Them
Buying your first house? It’s huge – a dream come true! But let’s be real, it can feel like wandering through a maze. Tons of choices, mountains of paperwork, ...
Mortgage Clawed Back: What Happens to Penalties When You Change Lenders
If you’ve been eyeing a more attractive mortgage rate from a different lender, you may want to pause and carefully consider any potential penalties associated with switching lenders. “Mortgage...
Tiny Homes and Modular Builds: Financing Alternative Housing in Canada
With rising housing costs and a growing interest in sustainable living, many Canadians are exploring alternative housing options. Tiny homes and modular builds have emerged as attractive solutions for...
How to Compare Mortgage Offers: It’s Not Just About the Interest Rate
It’s simple to concentrate only on the interest rate when looking for a mortgage in Canada. Reduced rates equate to reduced monthly payments, don’t they? Not necessarily. While interest...
Understanding the Bank of Canada Rate Announcements: What Homeowners Need to Know
As we approach April 16, 2025, the next Bank of Canada rate announcement is drawing significant attention from prospective homeowners across Ontario. But who exactly does this announcement affect,...
How Rental Income Can Help You Qualify for a Larger Mortgage
Securing a mortgage in Canada has become increasingly challenging due to rising home prices and high interest rates. However, leveraging rental income can improve your chances of getting approved...
A Beginner’s Guide to Investment Mortgages
Investing in real estate is one of the most popular ways to build wealth, but securing the right mortgage for an investment property differs from financing a primary residence....
The Impact of Mortgage Stress Tests: Tips to Qualify in Today’s Market
The federal government uses the mortgage stress test as a safety measure to ensure that homebuyers can continue making their mortgage payments even if interest rates increase. Both insured...
The Role of Spousal Buyouts in Divorce: How a Mortgage Broker Can Help
Divorce or separation is a life-changing event that frequently results in financial difficulties, especially when it comes to distributing joint assets such as the family house. A spousal buyout...
Breaking Down Mortgage Penalties: What You Need to Know Before Breaking Your Mortgage
Flexibility is an essential factor in homeownership. Life is full of unexpected events and circumstances, such as relocating for a new position or refinancing to benefit from lower rates....
Refinancing for Secondary Suites – A Homeowner’s Perspective
A significant new financial option will be available to Canadian homeowners on January 15, 2025: the possibility to refinance up to 90% of the value of their home using...
The New $1.5 Million Insured Mortgage Cap: A Game-Changer for Homebuyers in Canada
Canada’s housing market will majorly shift on December 15, 2024, when the federal government raises the insured mortgage ceiling to $1.5 million. This change aims to increase buyer opportunities,...