Facebook Pixel

Blog Articles

Should you Consider Reverse Mortgages in Ontario?

Should you Consider Reverse Mortgages in Ontario?

There might come a time when you want to consider reverse mortgages in Ontario. If you own your own home, intend to stay in it for a while, and meet the age requirements, a reverse mortgage could be a great way to bring in a little extra income. But before you make a...

read more
I Have a Bad Credit Rating – Can I Still Get a Mortgage?

I Have a Bad Credit Rating – Can I Still Get a Mortgage?

Let’s face it – maintaining a great credit rating can be hard, leaving many to search for a “bad credit mortgage.” A bad credit mortgage is simply that – a mortgage for people whose credit score is low. Typically, the big lenders only want to lend to people with good...

read more
How Do Rising Interest Rates Affect My Variable Rate Mortgage?

How Do Rising Interest Rates Affect My Variable Rate Mortgage?

If you’re searching for “Burlington mortgage rates,” it may be because you are concerned about rising interest rates. Interest rates are on all homeowners’ minds right now – especially if they are buying a new home, getting ready to renew/refinance, or have a variable...

read more
Is Mortgage Insurance Mandatory in Ontario?

Is Mortgage Insurance Mandatory in Ontario?

When calculating the cost of a home or real estate investment purchase, many clients ask: is mortgage insurance mandatory in Ontario? The short answer is no, the longer answer is: it depends. There are also three separate types of insurance that need to be considered...

read more
Fixed vs Variable Rate Mortgage: How Do You Decide?

Fixed vs Variable Rate Mortgage: How Do You Decide?

When you’re in the market for a home, you’re also usually in the market for a mortgage. There are two main types of mortgage in Canada: fixed vs variable rate mortgage. While they each have their pros and cons, there isn’t one right choice. You’ll have to weigh their...

read more
Thinking About an Online Mortgage Lender?

Thinking About an Online Mortgage Lender?

From filling out the application to signing the papers at closing time, it usually takes two to six weeks to approve and finalize (fund) a mortgage. In today's fast-paced world, that may seem like an eternity. However, mortgages are complex legal agreements. The...

read more
What To Do Now That Interest Rates Are Rising

What To Do Now That Interest Rates Are Rising

It finally happened. On March 2nd, 2022 the Bank of Canada raised the prime interest rate by 0.25%. This means that for people with a variable rate mortgage the cost of borrowing has started to increase from where it bottomed out at the start of the pandemic. However,...

read more
The Connection Between Inflation and Mortgage Rates

The Connection Between Inflation and Mortgage Rates

Canada's inflation rate is now the highest since 2003. Rising inflation is often a signal that interest rates are also likely to increase. Higher interest affects business loans, car loans, credit cards, lines of credit, and of course, mortgage interest rates. But...

read more
5 (Financial) Things To Do Before House Hunting 

5 (Financial) Things To Do Before House Hunting 

Most people will never borrow more money at one time than when they purchase a home. Getting a mortgage is a huge commitment. Depending on how much you borrow, the interest rate, and the amount of your down payment, your mortgage can change the course of your...

read more