Sandra's Mortgage Blog
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
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,
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