When you take out a mortgage, you’ll sign a contract with your lender that outlines the specific features of your mortgage, such as the interest rate you’ll pay, whether it’s open or closed, and any additional perks such as the ability to make accelerated payments, and porting your mortgage.
Read articleMortgage renewal
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It’s no secret that impending mortgage renewals this year and next are a prominent concern. With an anticipated $251 billion in mortgages coming …
Read articleMortgage renewal is a great time to secure a lower rate and save money. It can be tricky to renew a mortgage though. Here are 5 mortgage renewal tips.
Read articleIf there’s one topic that’s top of mind for borrowers and brokers alike in 2024, it’s mortgage renewals. It’s widely understood that those who need to renew their mortgage term contracts this year are likely to face some challenges.
Read articleUpdated on December 14, 2023 Canada’s mortgage stress test ( the threshold interest rate that borrowers must prove they can qualify at in order …
Read articleThis piece was originally published on July 11, 2023, and was updated on March 5, 2024. …
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