Mortgages

Shared equity mortgages are a new idea to increase housing affordability in Canada. But what is shared equity mortgage, and are they worth it?

Can you borrow for a down payment on a mortgage? The short answer is yes, but it’s not always a good idea. Here’s what you need to know.

For people who can’t borrow enough to afford a home, having someone co-sign a mortage can help. However, co-signing a mortgage can be risky… here’s why.

Becoming a homeowner is a life-long dream for many Canadians. But, as 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 … Read More

If you want to refinance your mortgage, change lenders to get the best mortgage rate, or sell your home before your term is up, you’ll find yourself facing a hefty penalty fee. The fee, also known … Read More

Sometimes, you’ll find yourself in a situation where you have to break your mortgage term early. It could be to refinance your mortgage, transfer it to another lender with better mortgage rates, or to sell your … Read More

With rising prices, million dollar homes are becoming the norm – as are million dollar mortgages! Let’s see if you can you afford a million dollar home.

One of the first questions you should ask yourself when considering purchasing a home is how much mortgage can I afford? It can be complicated determining how much mortgage you can get – it’s isn’t as … Read More

When determining how much home you can afford, one of the most important things to consider is how much your mortgage will cost you each month. Luckily, there’s a quick and easy way to calculate this … Read More

Do you know the difference between posted rates and discount rates? When getting a mortgage, posted rates can be dangerous – here’s why.