According to Mortgage Professionals Canada, 23% of Canadian mortgage holders will renew their mortgage within the next year, and 50% will renew within two years. […]
Choosing whether to refinance your existing mortgage or getting a second mortgage depends on your financial goals. If your existing mortgage has a good rate and a noticeable time left in its term, you should probably think of keeping it rather than refinancing it and getting a second mortgage instead.
So you own a home and would like to buy an investment property, but all of your savings have been locked up in your home? The answer to your problem is a Home Equity Line of Credit or HELOC.
The new mortgage rules have essentially lowered the qualifying power of mortgage applicants by approximately 20%. Whether you’re buying and need a mortgage, or are simply […]
On October 3rd the federal government announced a series of regulations that govern the access and limitations of mortgages requiring insurance. The rules were put in […]