Mortgage Education
How to Find a Mortgage Broker: Tips and Tricks for First-Time Homebuyers
Buying your first home is an exciting time in anyone's life — but it can also be quite overwhelming. A critical step in the home-buying process is securing a mortgage. This can be incredibly stressful, but if you find a mortgage broker, it will be much easier. A...
Top 10 Mortgage Tips for First-Time Homebuyers
Are you considering purchasing your first home? If so, congratulations. Buying your first home is an exciting milestone, but it can also be overwhelming, especially when it comes to securing a mortgage. Are you in need of some mortgage tips? You’ve come to the right...
Using Home Equity For Buying Your First Investment Property
Are you considering buying your first investment property? It’s an exciting and potentially lucrative venture, but it’s not without challenges. However, you have a great start if you already own a home. Many prospective investors in Canada are unaware that they can...
Timing is Key: When to Lock in the Lowest Mortgage Rates in Ontario
In the dynamic world of real estate, timing is everything. A mere matter of weeks can be the difference between a bad interest rate or locking in the lowest mortgage rates in Ontario. Whether you’re a first-time homebuyer or a seasoned investor, understanding when to...
Bad Credit Mortgages: Myths vs Reality
The Canadian housing market can be challenging to break into, especially with a low credit rating. However, despite what you may have heard, bad credit mortgages exist and are easier to get than you think. At the HW Advantage, we’re bad credit mortgage experts. We are...
Is it Time to Sell Your Investment Property?
While inflation and mortgage rates are cooling off after a rough 2023, many investors are taking stock of their situation. Investment property mortgage rates tend to be higher than typical mortgage rates, so investors are used to paying more, but many are still unsure...
What you should know as a first time home buyer
Are you exploring first-time home buyer mortgage options? There is something you should know: the housing market in Ontario is tough. The average home price is more than $800,000. Competition is fierce. And while the market has cooled slightly, listing prices and...
Thinking of hosting on AirBnB?
Are you considering a short-term rental investment property? As the year comes to an end, it’s an excellent time to realistically evaluate your goals for the new year. If one of those goals is to get into hosting on AirBnB or any other short-term rental service, you...
Everything You Need to Know About Getting a Second Mortgage
In real estate, a second mortgage can be a valuable financial tool, especially for homeowners in Canada. Whether you're looking to renovate your home, consolidate debts, or invest in another property—understanding the ins and outs of getting a second mortgage is...
What is a Reverse Mortgage and How Do You Qualify
In the world of real estate and finance, a reverse mortgage has become an increasingly popular topic of discussion, especially among older Canadian homeowners. This financial tool offers a unique way for seniors to tap into their home equity without selling their...
Navigating First-Time Home Buyer Mortgage Options in Canada
Becoming a first-time home buyer is a significant milestone, and securing the right mortgage is a crucial part of the process. That’s why at HW Advantage, we want to walk you through everything you need to know about obtaining your first-time home buyer mortgage in...
Mortgage Tips for Homeowners and Potential Buyers
Whether you're a current homeowner looking to optimize your mortgage strategy or a potential buyer exploring your options, understanding the nuances of mortgages is crucial. Embracing valuable mortgage tips catering to homeowners and potential buyers can help you...
Have Bad Credit? Here’s How to Unlock the Best Mortgage Rates
In today's competitive mortgage market, finding the best mortgage rates can be a challenge. But what if you have bad credit? Does that mean you're automatically disqualified from accessing favorable rates? Not at all! Let's explore how you can navigate the realm of a...
The Implications of Rising Interest Rates on Ontario’s Potential Home Buyers
In recent years, the real estate market in Ontario has experienced significant growth, with many individuals aspiring to become homeowners. However, with the economy entering a phase of rising interest rates, potential homebuyers in Ontario face new challenges. With...
Self-Employed Mortgage Options and How to Qualify
Are you self-employed and looking to buy a home or refinance? You may be wondering if it’s even now possible to qualify for a mortgage given all the rule changes and interest rate hikes. The short answer is yes! Despite what misinformation you may find on the internet...
How to Secure the Lowest Mortgage Rates
In today’s market, securing the lowest mortgage rate is critical in determining the affordability and cost of owning a home. A lower rate means reducing your monthly payments. This can significantly impact your costs and overall financial stability for several years....
Getting the Best Mortgage Rates – Where are Interest Rates Going in 2023?
What will happen to mortgage rates over the next 1-5 years is our client’s top concern lately. The economy seems to be in a “will they, won’t they” relationship with interest rates. The only thing that seems to be certain today is uncertainty. So where does that leave...
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...
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...
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...