Sandra's Mortgage Blog

signing a document

Co-Signing a Mortgage: Responsibilities and Risks

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

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A top-view of a mortgage application marked "APPROVED" on a wooden desk, accompanied by a calculator, a pair of glasses, house keys with a green keychain, and a blank notebook with a blue pen.

Understanding Property Taxes and Their Impact on Your Mortgage

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

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A man in a light gray striped shirt uses a calculator at a desk, with an open notebook, a small wooden house model, and keys beside him, against a white brick wall background.

The Advantages of Bi-weekly Payments on Your Mortgage

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,

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Close-up of insurance agent calculating costs an agreement while having a meeting with a client.

The Role of Mortgage Insurance in Homebuying

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

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Mortgage Repayment

Strategies for Accelerating Your Mortgage Repayment

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

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A keychain shaped like a house hanging on a doorknob of a house

Mastering Your Mortgage Renewal: Key Tips and Strategies

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

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