It is important that borrowers should know which factors to consider and take care of to get the loan they need. Here are some ideas.
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Mortgage refinancing is taking out a new loan to repay your existing mortgage. You may do this to take advantage of lower interest rates, to change the term of your loan, or to tap into the equity you've built up in your home.
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Getting your mortgage rejected can be hard to get over if you're just beginning your home search or bidding on the next place you're staying. You'll probably run through possible reasons the bank turned down your loan and some tips on how to deal with it. However, if you've been rejected for a mortgage, you may be more inclined to give up and move on.
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Your debt-to-income (DTI) ratio is the percentage of your monthly income that you spend on debt payments. Lenders use your DTI to decide whether to give you a loan and how much you can afford to borrow.
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If you're looking to save money on your mortgage, you may consider refinancing mortgage strategies in Canada. Refinancing is the process of taking out a new loan to replace your existing mortgage. This new loan can have different terms than your original loan, saving you money over the life of the loan.
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Construction loans in Canada are becoming increasingly popular as more people look to build their own homes. Of course, you might still be scratching your head, wondering if you should opt for construction loans or go with a typical mortgage. Well, there are a few things to understand before you make that decision, and today, we'll help you make that decision!
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Looking to learn more about passive houses and how they can help reduce your energy costs and carbon footprint? Check out this comprehensive guide as we unpack one of the home buying secrets you never know about: passive houses in Canada!
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Recreational homes are an excellent investment. Take a look at some things you must know before buying a cottage:
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Are you considering taking out a commercial mortgage? If so, you'll need to know which properties are eligible for this financing.
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Purchasing a summer cottage or vacation home is one way that families are choosing to live differently and it’s more accessible than you think with the proper planning.
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Some loans have fixed rates, while others offer variable rates. We'll discuss what fixed-rate loans and variable-rate loans are today:
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The Canadian government imposes strict qualifications to ensure you can afford your mortgage. This is where the mortgage stress test comes into play.
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If you are a non-resident acquiring real estate in Canada, there are options to enter into an investment property. You may have questions about real estate, but you've come to the right place.
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Owning a home is both an achievement and an investment. But for first-time home buyers, it is a challenge to get approved for a mortgage that could help them in owning a home faster and easier.
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We’ll discuss the Tax-Free First Home Savings Account. If you’re interested, we've compiled everything you need to know in this handy guide.
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If you have an existing mortgage, keep reading. This article will help you plan for your finances in the next couple of months and if there is a need to consider alternative lending.
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What are private mortgages? If you want to know the answer to this question, read on as we break down everything you need to know about private mortgage lending.
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Today, we’ll look at mortgages Canadians who are self-employed can qualify for. We’ll also tackle how the self-employed can present their creditworthiness.
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