Why do Mortgage Rates Fluctuate?

Why Do Mortgage Rates Fluctuate

When you’re keeping track of the current mortgage rates and notice the difference from a week ago, it can be a shock to realize how quickly they can really rise and fall. But why do mortgage rates fluctuate? Well, it depends on the changes in key micro and macroeconomic factors that are constantly at play. … Continued

What is a Purchase Plus Improvements Mortgage?

What is a Purchase Plus Improvements Mortgage?

  Most people have never heard of a Purchase Plus Improvements Mortgage before. This is an amazing opportunity when purchasing a home that requires some renovations and updating. A Purchase Plus Improvements Mortgage allows you to buy a home and have the improvement costs rolled up into the mortgage. This means you have the money … Continued

I’m Self Employed – Can I Qualify for a Mortgage?

I’m Self Employed – Can I Qualify for a Mortgage?

  Being self-employed has plenty of benefits – working for yourself, tax write-offs, and freedom of your schedule. But when it comes to applying for a mortgage, it’s often more difficult than one would like. Regardless of what you have heard though, there are options available to help smooth over the process and get you … Continued

New to Canada? Your Mortgage Guide

New-to-Canada-Your-Mortgage-Guide

  New to Canada? We welcome you with open arms! If purchasing a home is on the top of your list for life in this country, it will be important to learn what is involved and how you can borrow money for your new home in Canada. Let us help you familiarize yourself with the … Continued

Suburban or Urban Living?

Suburban or Urban Living?

When it’s time to move, you can be faced with many options. The whole process of deciding on a location can be quite overwhelming. A condo in the ByWard Market, close to all the action and within walking distance of work? A freehold home in Westboro, with endless character? A new build townhome in family-friendly … Continued

Is It Worth Avoiding Mortgage Insurance?

Mortgage insurance is an extra premium applied to any mortgage purchased with 5% to 19.99% down payment. Also known as mortgage default insurance, mortgage loan insurance, or CMHC insurance, this premium helps to mitigate risks for lenders and helps home buyers who otherwise would not be able to purchase a property qualify for homeownership. As … Continued

A Deeper Look into Mortgage Pre-Approval

A Deeper Look into Mortgage Pre-Approval

Whether you are a first-time homebuyer or looking to upgrade your existing house, the house hunt process should always start in the same place; with your mortgage advisor. There is no sense viewing houses before you have a clear picture of what your spending limit is. Obtaining a mortgage pre-approval should always be your starting … Continued