Renting vs Buying: What’s Right for You?
When it comes to real estate there are two options. You can rent (lease) a property or chose to buy and become a homeowner. Learn more
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The Do’s and Dont’s of Getting a Private Mortgage Pre-Approval
At Mortgage Broker Store we will be able to provide for you the Automatic Private Mortgage Pre-Approval Tool. This tool will enable you to determine what types of loans you may qualify for which will take the questioning out of the mortgage approval process. Learn more
Can You Get Approved for a Second Mortgage to Buy Another House?
Being a homeowner fills most Ontarians with pride. Besides those few individuals that can afford to pay for their home outright, Ontario homeowners will need to approach a lender to take out a principal mortgage on their property. Learn more
Should You Borrow for Your Down Payment?
One of the most difficult aspects when it comes to applying for a secured mortgage loan is trying to save for a down payment. It is also hard to know exactly how much is the preferred amount to put down. Learn more
Qualifying for a Mortgage with Bad Credit
Many real estate professionals had anticipated the worst-case scenario when the Covid-19 pandemic hit. Predictions included large-scale numbers of mortgage arrears, notable declines in property values, and a drop in the number of home sales in Ontario and Nationally. Learn more
How to Calculate My Mortgage Payments
It can be a little confusing when contemplating the different types of secured mortgage loans that Ontario lenders can provide. It can also be a little intimidating when determining which lenders may be suitable when seeking a secured mortgage. Learn more
How to Calculate Loan-to-Value Ratio?
Lending is based on assessing risk. To mitigate risk, lenders will ensure as best they can that the money will be there to repay the loan. To best access risk, all Ontario lenders will calculate what is called the Loan-To-Value (LTV). Learn more
How to Consolidate Your Debt
Debt consolidation represents taking out a mortgage loan using your property as collateral and utilizing existing equity in your home to merge all debt payments (liabilities) under this one loan to reduce the payments to just one monthly payment. Learn more
How to Borrow Using Your Home Equity in 2021
If an Ontario homeowner is facing ongoing household debt and damaged credit, a good option to consider is to tap into the existing equity in an owned property. Many Ontarians have put money into their homes to increase the overall value of their property. Why not make your property work for you? Learn more
Debt Consolidation in Toronto
In the fourth quarter of 2020, bankruptcy rates in Canada increased by the largest amount since 2009. Bankruptcy as it is better known is a financial designation given to a borrower who is unable to repay any of their debts. Learn more