All You Need to Know About Canadian Mortgages and Real Estate
It has never been a better time to buy a house in Canada. With historically low mortgage rates, flexible terms, and a growing economy, many people are taking steps to become homeowners in Canada. However, a major purchase like this requires planning and forethought, and one important factor is the mortgage rate that you are […]
If you are a homeowner, you probably already know how a forward mortgage works – it is a loan you use to purchase a house. A reverse mortgage, also known as ‘equity release,’ is precisely the opposite of it. In simple terms, it is a loan that allows you to borrow money against your equity […]
A Home Equity Line of Credit or HELOC is a secured credit wherein the loan is backed by your home equity. It is a revolving line of credit, meaning you can borrow and repay multiple times before you max out your credit limit. HELOC is becoming an increasingly popular form of credit in Canada and […]
Home-buying is an expensive process and it can be intimidating. There’s is a good chance you will be paying mortgages for the next 20-years once you decide to purchase a home. So, what mistakes should you avoid when you make this decision? Buying more home than you can afford Purchasing a home at the top […]
What is the mortgage deferral program and are your eligible?