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As mortgage interest rates in Canada have increased there have been questions about a little know clause called the mortgage trigger rate. Canadian banks generally offer two different types of mortgage, one is a fixed mortgage with a set interest rate and term the other is a variable interest rate mortgage. Learn more
July has been a turbulent month for real estate in Ontario. Learn why July may not be a good month to sell your house in Ontario.
Are private lenders a better choice when you’re looking to take out a mortgage for a house? Are they better than the banks? The answer depends on several factors like whether you’re looking for a short-term or long-term product. Learn more
Applying for a mortgage –– or any type of loan for that matter –– can be quite stressful if you don’t know your options. With a mortgage, as well as a mortgage renewal and refinancing, you’re getting loans to help purchase a home to live in, so having your application rejected can be terrifying to most people. This is why you should always prepare for your application to be rejected in advance. Learn more
Selling your house to a cash home buyer can solve financial issues. You could be facing a power of sale or foreclosure in Toronto, Etobicoke, Markham, or Oshawa. Learn more
In this article, we’ll explore what an assignment sale is, why people perform assignment sales and what are the most common uses for them, the new taxes on assignment sales in Ontario for 2022, and some future predictions. Learn more
If you’re looking to sell a home fast, you’ll need to hit the right part of the cycle and jump in during a seller’s market. Deciding whether 2022 is that time means looking at some trends and stats. Learn more
Mortgage arrears are the missed or late payments on a mortgage loan. Also known as mortgage delinquencies, this is known as “default” because it does not honour the terms of a mortgage agreement, which is typically paying a monthly fee on time. Mortgage arrears, left unpaid, can result in the lender's power of sale or foreclosure of a property. Learn more
With the increase in the demand for homes, home prices skyrocketed. Combined with the cutting of mortgage rates to help stimulate home buyers, it is a great time to sell houses or refinance your mortgages.
Refinancing your mortgage can provide a number of advantages. You might be able to get a better mortgage rate and lower your monthly payments. However, first-time refinancers can find some surprises like resetting a payment timeline, credit checks, and closing costs.
