by WebDev | Oct 7, 2022 | First Time Home Buyers, Getting a Mortgage, mortgage trends, Rates
Choosing a Mortgage That is Right for You When you buy a home, you may only be able to pay for part of the purchase price. The amount you pay is a down payment. To cover the remaining costs of the home purchase, you may need help from a lender. The loan you get from a...
by WebDev | Sep 16, 2022 | Getting a Mortgage, Market Updates, Rates
All About Variable Rates Variable rates are based on Prime Rate and the Bank of Canada’s overnight rate, can cause fluctuating or static payments. These payments have cheaper penalty when breaking your mortgage. The banks generally change their prime rates a few days...
by WebDev | Sep 9, 2022 | Bank of Canada, Getting a Mortgage, Mortgage Broker, Rates
Increase of Prime Rates – What Does This Mean? With the increase of prime rates over the last few months, there’s a lot in question. Many people are questioning if they should have a fixed rate mortgage or a variable rate mortgage. There are many factors to consider...
by WebDev | Jun 20, 2022 | Bank of Canada, Getting a Mortgage, Mortgage Broker, Rates
Guide To Getting A Mortgage A mortgage is a type of loan that is used to purchase or refinance property. A few basic features of a mortgage include the purchased property, which is always used as collateral, and regular payments to the lender are required. Mortgages...
by WebDev | May 29, 2022 | First Time Home Buyers, Getting a Mortgage, Mortgage Broker
14 Home Purchase FAQs To get an idea of how much you can afford, you’ll need to know your taxable income, along with any outstanding debts and monthly payments. First (for purchasing a principal residence) calculate 39% of your income for use toward a mortgage...
by WebDev | May 27, 2022 | Getting a Mortgage, Mortgage Broker
The Mortgage Pre-Approval Becoming a homeowner is a life-long dream for many. With all new experiences, there’s uncertainty, and you may second-guess yourself once or twice. You’ll be interviewing realtors, looking at homes, worrying about bidding wars, and of course,...
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