Mortgage Education
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...
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...
I’m Self-Employed…Are There Different Self-Employed Mortgage Rates?
If you are one of the estimated 2.6 million self-employed Canadians and you are considering purchasing a new home or a business loan for real estate investment property, you may be wondering about self-employed mortgage rates. The number of self-employed Canadians has...
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...
Considering Buying an Investment Property? 5 Questions to Ask First
Buying an investment property can be a great way to invest in your future. Regular monthly rental income might add to your cash flow while paying for the property and increasing your equity. But to make the wisest decision, start by asking yourself the following five...
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...