So, what exactly is a Reverse mortgage? A reverse mortgage represents a home loan for homeowners who are 55 and older which does not require a monthly mortgage payment. Learn more
Read more about Are Reverse Mortgages a Good Idea? »
Although the majority of mortgage brokers in Ontario are operating legally, it is always advisable to practice due diligence when seeking mortgage advice and securing mortgage financing. Learn more
Read more about How to Identify an Unlicensed Mortgage Company? »
With mortgage interest rates at historically low levels coupled with soaring house prices and record-breaking house sales in Ontario, more and more Ontario homeowners are looking to take advantage of such a lucrative housing market. Learn more
Read more about Three Types of Lenders Available in Ontario Explained »
In the mortgage process, it is important to understand that lenders are looking for specific conditions a borrower should meet. If unable to meet this criterion, an Ontario borrower may be turned down by the banks and big lenders. Learn more
Read more about Can You Be Disqualified from Obtaining a Mortgage? »
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
Read more about Renting vs Buying: What’s Right for You? »
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
Read more about The Do’s and Dont’s of Getting a Private Mortgage Pre-Approval »
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
Read more about Can You Get Approved for a Second Mortgage to Buy Another House? »
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
Read more about Should You Borrow for Your Down Payment? »
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
Read more about Qualifying for a Mortgage with Bad Credit »Answers to common questions about this Mortgage Broker Store page.
The blog covers private mortgages, second mortgages, power of sale, home equity, bad credit mortgage options, debt consolidation, and practical mortgage education for Ontario homeowners.
No. Blog articles are general education. A mortgage recommendation should be based on the property, income, credit, debts, timeline, and lender options available for the specific file.
Yes. If an article matches your situation, you can contact the team and reference the topic so the discussion starts with the right context.
Use the articles to understand terms, risks, and possible paths, then confirm the numbers and lender requirements before making a decision.
