7 Signs a line of credit is right for you
Credit / Debts / Downpayment / Income / Mortgage Renewal / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Rules / Variable Interest Rates

7 Signs a line of credit is right for you

I was speaking with a friend who recently switched over from a mortgage to a line of credit product; she was surprised she hadn’t done it sooner. It got us talking about the differences between the typical mortgage product and a home equity line of credit. While both have advantages, the line of credit can … Continue reading

Fixed or variable rate?
Credit / Debts / Downpayment / First Time Home Buyer / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

Fixed or variable rate?

Take the quiz to find out which option is best for you Whether this is your first mortgage, your mortgage is soon due for renewal or you are thinking of refinancing; choosing an interest rate and mortgage term that is right for you can be a daunting task for some. You have to decide if … Continue reading

What should you do when your mortgage renews?
Broker vs. Bank / Credit / Documents / Insurance / Lenders / Mortgage Renewal / Qualifying / Quizzes / Rates & Terms / Refinance

What should you do when your mortgage renews?

TAKE THE QUIZ NOW If your mortgage term is ending in the near future, this quiz is for you. You have multiple options come mortgage renewal time and the below questions will provide some direction if you’re undecided on which route to take? 1. Is your mortgage up for renewal within the next 6 months? … Continue reading

So Your Mortgage Got Declined
Bankruptcy / Broker vs. Bank / Credit / Debts / Documents / Downpayment / Lenders / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Variable Interest Rates

So Your Mortgage Got Declined

Welcome to Alternative Lending 101 If you’re thinking of getting a mortgage, like most, you’ve likely done some research to see what’s required in order to be approved. But what happens if you don’t meet ALL the requirements? Welcome to the world of alternative lending. These mortgage offerings are geared towards a borrower who needs … Continue reading

Broker vs. Bank / Documents / Downpayment / First Time Home Buyer / Income / Lenders / Market Updates / Mortgage Renewal / New to Canada / Pre-Approvals / Pre-Payment / Purchase / Qualifying / Quizzes / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

How To Pick A Mortgage Type

Whether your mortgage is up for renewal, you’re thinking of refinancing or this is your first mortgage; picking an interest rate and mortgage term that is right for you can be a daunting task for some. First you have to decide if you want to take a fixed or variable interest rate, then you need … Continue reading

Picking The Perfect Mortgage
Credit / Lenders / Mortgage Renewal / New to Canada / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Picking The Perfect Mortgage

Getting a mortgage is likely one of the largest debts you will take on in your lifetime. Picking the right mortgage term, type and length is a crucial step in the financing process. Whether it’s your first or fourth home, you can maximize your homeowner happiness by choosing a mortgage term that is affordable and … Continue reading

Broker vs. Bank / Credit / Debts / Lenders / Mortgage Renewal / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Home Equity Line of Credit

A HELOC (home equity line of credit) offers a flexible way to borrow money and like a traditional mortgage with the equity in your home is used as collateral. What are the differences between a Home Equity Line of Credit and a mortgage? A HELOC is fully open and can be paid in full at … Continue reading