Category archives: Mortgage

Do You Really Want to Refinance Your Mortgage?

Do You Really Want to Refinance Your Mortgage?

Do you want to refinance your mortgage so that you can save money each month thanks to lower interest rates? Homebuyers have benefited from the fact that interest rates for mortgages have been low for a number of years now, and that means that they are definitely saving money when...

Advantages and Disadvantages of Reverse Mortgages

Advantages and Disadvantages of Reverse Mortgages

Reverse mortgages are an option for seniors that have owned their home for a number of years and find that they now need to increase their cash flow to continue to enjoy life.  However a reverse mortgage will only be an option if the homeowner has finished paying off their...

Save Money With An Early Mortgage Renewal

Save Money With An Early Mortgage Renewal

We are staring the spring housing market straight in the face. If the last two years are any indicator – the banks and mortgage interest rates offered will provide deep discounts and the competition will be fierce to gain market share. This means there is a hidden opportunity for existing...

Self Employed? Qualify For Your Mortgage Despite A Modest Income

Self Employed? Qualify For Your Mortgage Despite A Modest Income

Being self employed or owning your own business comes with many significant advantages. Flexible hours, unlimited income potential, and tax mitigation are a few that come to mind. And yet when it comes to debt and specifically your mortgage – the bank can treat you like an economic outcast. This...

Use HARP 2 to Deal With Your Underwater Mortgage

Use HARP 2 to Deal With Your Underwater Mortgage

Many homeowners were surprised during the recession by the significant drop in value of their homes.  This created the so-called underwater mortgage.  Prior to the recession, this was a rare occurrence as the housing market generally tended to rise.  The only exceptions were in depressed areas where a major industry...

Be Prepared Before Applying For a Mortgage

Be Prepared Before Applying For a Mortgage

I know how exciting shopping for a new home can be. Your mind begins creating a wish list of all of these things that you want in your next home. Maybe you want a low maintenance townhouse. Or maybe this time you want a 3 bedroom detached house with a...

Making The Most Of The New Mortgage Application Process

Making The Most Of The New Mortgage Application Process

Over the past year, the federal government and policymakers spent a lot of time and resources to cool off the overinflated Canadian housing market.  These interventions were publicized as necessary for the future stability of the Canadian economy. The Bank of Canada issued numerous updates over the past year amid...