Sandra's Mortgage Blog
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
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
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
The Benefits of Working with a Licensed Mortgage Broker
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
Choosing the Right Mortgage Amortization Period: Comparing Shorter vs. Longer Terms in Canada
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
Mortgage Fraud: Everything You Need to Know
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