by Mike Horvath | Oct 16, 2020 | Mortgage Basics, Mortgage News
When the pandemic hit Canada in March, and we were asked to stay at home, and that all but essential services remain open, many were concerned about how they were going to pay the bills, including their mortgages. To their credit, lenders and mortgage insurers stepped... 
by Mike Horvath | Sep 14, 2020 | Buying and Selling, Mortgage Basics
With COVID-19 challenges that include layoffs and deferred mortgage payments, getting a mortgage may be a bit tougher for some, whether it’s for a first home, or refinancing to consolidate debt, or simply renewing your existing mortgage with a new lender to take... 
by Amy Coburn | Sep 27, 2019 | Buying and Selling, First Time Home Buyers, Mortgage Basics
Here are some tips for anyone that has been approved for a mortgage. Once you have been approved and provided all of your supporting documents to your mortgage broker there are some guidelines to follow to ensure that you do not run into any problems with your... 
by Amy Coburn | Jul 26, 2019 | About Rates, Mortgage Basics
The age-old question…do I go variable or fixed? Fixed mortgage rates are more popular and represent about 70% of all mortgages in Canada. With a fixed rate mortgage, you can “set it and forget it” as you are protected against interest rate fluctuations, so your... 
by Amy Coburn | Jun 3, 2019 | Mortgage Basics
Do you want to reduce your monthly mortgage payments, get cash from your home equity, or get a better rate on your mortgage? It may be time to think about refinancing your mortgage. A 2018 study found that 47 percent of Canadians may need to take on more debt to pay... 
by PrestigeDigital | Nov 22, 2018 | Mortgage Basics
Here are 5 of the most common myths about Mortgage Brokers and why the myths are not true. 1. You need to pay a huge premium to work with a mortgage broker. Untrue. Mortgage brokers are usually paid by the mortgage lender, such as a bank, monoline lender or credit... 