Category Archives for "Blog"

Should You Get Preapproved For A Mortgage?

If you’re thinking about buying a property, but you’re not sure where to start, you’ve come to the right place! Let’s discuss how getting pre-approved is one of the first steps in your home buying journey. Just like you wouldn’t go into a restaurant without knowing if you have enough money to buy your meal, […]

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  • June 29, 2022
  • Blog

How to Save Money for a Downpayment

Whether you want to set aside money to buy a car or take a vacation, save up for a down payment on a property, or plan for your retirement, the principles are the same. However, as you’re reading this article on a website dedicated to helping you secure mortgage financing, we’ll assume you want tips […]

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  • June 22, 2022
  • Blog

4 Ways to Access Your Home Equity

If you’ve been a homeowner for many years, it is likely your property value has increased significantly. One advantage of homeownership is the opportunity to build equity. Home equity growth, partnered with the security of living in your own home, is why most Canadians believe homeownership is the best choice for them! While home equity […]

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  • June 15, 2022
  • Blog

Mortgage Advice to Help You Through a Separation

With the latest stats claiming that about half of marriages end in divorce and with around three-quarters of Canadians being homeowners, it’s important to know how to handle your mortgage if you decide to separate. Here’s a quick list of things to consider. Keep making your payments. A mortgage is a legally binding contract between […]

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  • June 8, 2022
  • Blog

Bank of Canada Rate Announcement Jun 1st 2022

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening.   FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario June 1, 2022 The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at 1¾% and the deposit rate at 1½%. The Bank is also […]

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Improving Your Credit Score

Your credit score and how you manage credit are huge factors in qualifying for a mortgage. If you want the best interest rates and mortgage products available on the market, you want a high credit score. Here are a few things you can do to improve your credit score. Make all your payments on time. […]

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  • May 25, 2022
  • Blog

How to Establish New Credit

If you’re new to managing personal finance and you want to learn about credit, you’ve come to the right place. Establishing new credit is a bit of a catch-22. To build a credit history, you need credit. But it’s hard to get credit without having a credit history. So, where do you start?   Well, […]

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  • May 18, 2022
  • Blog

Unsure About the Housing Market? Let’s Talk.

If you’ve been thinking about buying a property, whether that be your first home, next home, forever home, or a home to retire into, the current state of the Canadian economy might have you wondering: Is this really the right time to make a move? There is certainly no shortage of doom and gloom in […]

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  • May 11, 2022
  • Blog

Fixed-Rate or Variable-Rate Mortgage?

If you’re looking to buy a new property, refinance, or renew an existing mortgage, chances are, you’re considering either a fixed or variable rate mortgage. Figuring out which one is the best is entirely up to you! So here’s some information to help you along the way. Firstly, let’s talk about the fixed-rate mortgage as […]

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  • May 4, 2022
  • Blog

What is a Second Mortgage?

If you’re not all that familiar with the ins and outs of mortgage financing, the term “second mortgage” might cause a bit of confusion. Many people incorrectly assume that a second mortgage is arranged when your first term is up for renewal or when you sell your first home. They think that the next mortgage […]

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  • April 27, 2022
  • Blog
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