Understanding the intricacies of a mortgage down payment in Canada is essential for a smooth and successful home purchase. Here, we’ll go over the most crucial facts you should know regarding down payments in 2024 so you can plan ahead of time and avoid surprises before closing: Whether you are a first-time buyer or updating...
Planning to apply a mortgage and wondering which mortgage rate type will suit you the best? One of the most important decisions a borrower will make when choosing a mortgage is whether to go with a variable or fixed interest rate. It’s a decision that can have a long-term impact on a homeowner, costing thousands...
Do you want to refinance a mortgage? In many cases, refinancing makes more financial sense than simply extending it for a longer period of time. By refinancing, the borrower effectively takes out a new debt to consolidate an existing one. It results in a shorter duration/ amortization, lower interest rate, ability to raise the loan...
A private mortgage is a lending option for potential borrowers who do not meet the requirements of typical mortgage lenders. The better your credit and income, and the lesser your debt, the more likely you are to be able to qualify for a terrific low mortgage rate through the standard mortgage qualification process. However, many...
Do you want to purchase your first house? Want to know how a mortgage works? A mortgage is a financial alternative or funding that enables people to purchase a property with funds from lenders that they must repay over time in installments. Over time, the mortgage eligibility and approval criteria undergoes changes in response to...
