Mortgages

Getting a mortgage may seem like a difficult process. But with a mortgage broker, it’s much easier.

When your current mortgage term reaches its maturity date, you’ll need to renew the outstanding balance for another term. This is a process you’ll likely do a number of times until you pay off your mortgage … Read More

Before you buy a home, you need to get a mortgage. And it’s often better to get one from a mortgage broker because he or she will shop around for the best deal for you.

There’s one feature that some lenders offer with their mortgage: The option to skip a payment. While it could be helpful in times of financial duress, it comes with some consequences. Take a look at how … Read More

Affordability in Canada is a hot-button issue in several housing markets across the country. Property prices increase and affordability decreases as the population flocks to major urban centres. For instance, the Greater Toronto Area’s population is … Read More

Unless you come up with the cash to pay off the entire balance of your mortgage in your first mortgage term, you’ll likely face a few renewals in your lifetime. A mortgage renewal is simply the … Read More

Before granting you a mortgage, a lender will determine whether or not you can afford the loan amount you’ve requested.

Remember the song “If I Had $1,000,000” by the Barenaked Ladies? When the artists released that song in 1992, $1 million was some serious purchasing power. Fast forward a couple decades and it’s a different story in … Read More

There are many steps involved in the homebuying process but the most important step is the first one: The mortgage pre-approval. It may sound like a less-than-exciting first step but it’s an essential one. Not getting … Read More

CIBC is one of the largest banks in Canada, which is why you probably have many family members and friends who have a mortgage through this lender. If you ask any of them whether you should … Read More