Some loans have fixed rates, while others offer variable rates. We'll discuss what fixed-rate loans and variable-rate loans are today:
Read More
The Canadian government imposes strict qualifications to ensure you can afford your mortgage. This is where the mortgage stress test comes into play.
Read More
If you have an existing mortgage, keep reading. This article will help you plan for your finances in the next couple of months and if there is a need to consider alternative lending.
Read More
What are private mortgages? If you want to know the answer to this question, read on as we break down everything you need to know about private mortgage lending.
Read More
Are you looking for a mortgage to purchase your new home? One of the biggest concerns you should have is its interest rate. Sure, different mortgages come with different rates—some higher and some lower. However, you need to be aware of two types of rates: fixed and variable.
Read More
When should you lock in your variable into a fixed rate mortgage? If you are buying a home this year, which option will save you the most money? If you understand the innate differences between fixed and variable rates then the below breakdown will help you make the best educated decision.
Read More
All the murmurs of fixed rates rising finally came to fruition as rates jumped as high as 3% overnight. This means that someone seeking a $500,000 mortgage needs to pay almost $1000 more a year than they did yesterday - procrastinating is getting expensive. Get pre-approved to have your rate reserved and consider a variable rate that is rumoured to go down in the coming months.
Read More
The addition of a 2nd reverse mortgage provider combined with the COVID-19 pandemic has been a catalyst in setting record low reverse mortgage rates which provide a steady stream of cash flow for baby boomers who have worked hard enough in their life but simply have not been able to save enough money to enjoy their golden years.
Read More