The Death of the Equity Mortgage Rewind 5 years. Canadians could get a mortgage for 65% of the value of their home without declaring much actual income. If the borrower [...]
Secondary Homes: You Can Buy a Cottage with a 5% Down Payment If you have ever wanted to own a cottage, care for your aging parents that live far from[...]
Mortgages for Self-employed People Self-employed people are the special kind who want to serve others through the great work that they do. They face risks every day in business and[...]
Down Payment Amounts and Sources When purchasing a property and the borrower needs a mortgage, a down payment is necessary. The down payment is the capital that the investor personally[...]
The 10 Reasons Why People Break Mortgages Statistics show that 83% of people break their mortgage before their mortgage matures, incurring penalties as a result. Those penalties can sometimes be[...]
Is it Worth Breaking Your Mortgage? Interest rates are at an all-time low and many people have rates that are above 3%. Those people are legitimately asking whether it is[...]
Bridge Loans So, you have bought your beautiful new home and sold your existing home first, but it closes after your new home. What to do because your down payment is stuck[...]
Rental Properties – Is it for everyone? A rental property can be a great enhancement to your financial portfolio. After all, it is a very tangible asset that you can[...]
The Gifted Down Payments Understanding gifted down payments and how they could affect your mortgage. There are many legitimate forms of down payments for Oakville purchasers. One source of down[...]
The Truth About mortgage Pre-Approvals Pre-approvals are probably the most misunderstood area in mortgages today. This is because the big banks have given clients the impression that they have a[...]