Mortgage
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How to Approach Your Mortgage Renewal in 2022 and Beyond
When it’s time to renew your mortgage, expect a renewal reminder from your lender. A mortgage renewal is when you take the remaining balance of your mortgage and start a new term at a new interest...
New to Canada? Here’s How You Can Get a Mortgage
Starting your new life in a new country is very challenging. Some Canadian banks and lenders offer ways for new immigrants to obtain a mortgage and get into a home of their own. But even newcomer...
The Bank of Canada Raises Interest Rates by 75 Basis Points
On September 7, 2022, the Bank of Canada announced that overnight rates have increased to 3.25%, the bank rate to 3.5%, and the deposit rate to 3.25%. We’ve seen the Bank of Canada steadily hike...
Does Inflation Affect Mortgage Rates? Here’s Everything You Need to Know
Life is becoming quite expensive. You see it on your news feed, experience it at the gas pumps and in your local grocery store—everything keeps going up, and there’s no sign of relief....
Thinking of Changing Jobs While Buying a House? Think Again.
The job market is rebounding across Canada, even amid the pandemic. More job opportunities and quality positions are becoming available, giving ambitious workers a reason to consider changing jobs....
10 Surprising Things That Can Ruin Your Credit Score
Maintaining a good credit score is incredibly important when working toward financial goals in life: buying or leasing a vehicle, and applying for student loans, personal loans, credit cards, or...
House Hacking: What Is It—And Should You Do It?
With the costs of—well, let’s face it—practically everything on the rise, more and more people are looking for creative ways to save money these days. And it’s not much different with buying a...
Looking to Buy a Home in Canada? Here’s How You Can Save for Your Downpayment
Buying a house is a common goal for most Canadians. Besides building equity, real estate has appreciated steadily over the past twenty years, making it a smart investment. One of the biggest...
The Bank of Mom and Dad: What You Need to Know
More and more Canadian homebuyers are turning to “the Bank of Mom and Dad” for help with their down payments or financing. With house prices continuously on the rise, approximately 1/3 of first-time...
Rent-To-Own: Should You Consider It?
The current Canadian real estate market is best described as competitive. Given that the average home price has increased by 19.3% in the last year, it’s not hard to see why either. While there are...
Can I Get a Mortgage With Student Loan Debt?
Finally finishing school can be an exciting and active time for recent graduates with all the new opportunities presented to them. It can also be rather stressful since you’re now expected to make...
Which Mortgage Term Length Is Right for You?
It’s time to finally buy your first home, or perhaps you’re upgrading your home to make room for a bigger family. Either way, it’s time to decide which type of mortgage is right for you. There are...