It is widely accepted that Canada is a great place to invest in real estate. It is a way to generate monthly rental income and also to build wealth over time through increases (appreciation) in the real estate market. What makes real estate very different from many...
Burlington Mortgage Articles
Fixed Vs. Variable Rate Mortgage – HW Advantage
The two main types of mortgages in Canada are Variable and Fixed. With a fixed-rate mortgage, your interest rate (and payment) stay the same throughout the term (i.e., 5-years fixed). Whereas with variable-rate mortgages, your interest rate (and payment) can fluctuate...
Selecting the Suburbs Over the City This Fall
2020 saw the beginning of a worldwide pandemic, and with it came the halt of regular life and the beginning of a new normal. For many Canadians, this new normal meant saying farewell to commuting to the office in favour of working-from-home. With the fall months...
5 Tips To Keep Your Credit Score High In 2020
The global pandemic has caused unforeseen financial turmoil for many Canadians. We have all been staying at home and, many of us have experienced layoffs and pay cuts. If you are interested in purchasing a home this year, it is especially wise to spend some time...
Getting a Mortgage During COVID 19
So much has changed over the past several months that it should be no surprise that getting a mortgage has also changed. Even with the economy reopening, mortgage lenders are becoming shy about qualifying new mortgage applications. Record-low mortgage rates and the...
Tips for Getting Approved When You Are Self-Employed
Year over year we see an increase in the total number of self-employed Canadians. In 2020 it was expected that nearly 20% of the workforce would make their primary source of income from self-employment. Introduce in a global pandemic, rising unemployment, an economy...
Managing Your Mortgage During COVID 19
This has been a trying time both emotionally and financially for many people who may have seen their income reduced or eliminated entirely as a result of the COVID 19 pandemic. Mortgages are often the largest bill you have to pay each month, and therefore can be...
Now There is Less to Stress About the Mortgage Stress Test
What Changes to the Minimum Mortgage Stress Test Rate Means to Potential Homebuyers Getting a mortgage in Canada is about to get a little bit easier when the Department of Finance’s criteria for mortgage approval (the mortgage stress test) changes in April. This is...
Get Your Mortgage Pre-Approval and Be Ready For The Spring Market in Burlington, Hamilton and Oakville
Why a Mortgage Pre-Approval is an Important First Step As the real estate market heats up in Burlington, Hamilton, and Oakville this spring, be prepared to see more homes for sale (inventory) but also more people looking to buy (competition). If you’re planning to...
The Advantage Beyond the Mortgage Close
How our team is committed to supporting our clients beyond the close of business As in any industry you will meet the good, the bad and the indifferent; and yes, that unfortunately does include the mortgage arena. However, when you meet a mortgage broker who truly...
Where Key Federal Parties Stand on Housing
Know more before you vote on Monday, October 21st There is no argument that this Canadian Federal Election is one of the most contentious in recent history. With arguably two key parties vying for control, the key issues that Canadians care about most are often left...
New Government Shared Equity Plan… What is the Risk?
The Government of Canada recently introduced an incentive program for first-time home buyers that has many people outside the industry wondering if it’s a good move to help the next generation get into a home, or if it doesn’t really quite fill the need. Essentially,...