Mortgage Service
The “Now What?” of Being Denied for a Mortgage
You’ve had dreams of buying this home for you, and your family, for years. Whether it’s your first home or you’re upgrading, a new home is very exciting, and it can be devastating when the financing doesn’t work out. If you have been denied for a mortgage, here is what you need to do. Ask…
Read MoreThe Legal Penalties of Breaking a Mortgage Contract in Canada
When you sign a mortgage contract, you are agreeing to make payments for the term of the mortgage (usually 5 years). After the term, you have the option to renew your mortgage for another term or to pay off the balance. If you choose to break your mortgage contract before the end of your term,…
Read MoreMortgage Fraud: What to Look For
If you are purchasing a property, it is important to take steps to protect yourself and your family against mortgage fraud. Victims of mortgage fraud can find themselves shoulder unimaginable debt, so know what to look for is key. Here are a few simple steps you can take, so you won’t become a victim. What…
Read MoreThe WHEN and HOW of Consolidating Debt into your Mortgage
You can pay debts more quickly if you consolidate your debts in Mortgage. Debt consolidation can be an extremely effective strategy however it is important to know how and when to do this in order to achieve the best possible outcome. How to Consolidate Your Debt into Your Mortgage There are a number of different…
Read MoreThe Benefits of Using a Mortgage Agent When You Buy your First Home
Buying your first home is an exciting, but potentially scary time for many soon to be homeowners. Oftentimes, the scariest part is the financing. You want to make sure you will be able to afford your home and that your financing will be in place for closing day. That’s where a mortgage agent comes in.…
Read MoreWhat is the best way to finance a second home?
Buying a second home – whether it’s a vacation home or purchasing one for investment purposes – is going to be a little bit different than when you purchased your primary residence. There are a few ways you can go about financing this purchase, if you need to. One of the ways you can do…
Read More6 Reverse Mortgage Pitfalls to Avoid
When you need some extra income during your retirement, you may have thought about getting a reverse mortgage to help with the cash flow. And while reverse mortgages do have the potential to help make your retirement financially more comfortable, there are some pitfalls you need to be aware of. Here are six pitfalls to…
Read MoreIs a Reverse Mortgage Right for You?
May retirees are living with the reality that they just haven’t saved up enough money to live the lifestyle that they would like to live in their later years. Perhaps they wish they could travel more or finally buy that red convertible that they’ve dreamed of owning since they were a kid, but between inflation…
Read MoreWhy you should hire a mortgage broker to get a Home Equity Loan
Getting a home equity loan (sometimes referred to as a second mortgage) can be a great way to access some of your home’s value that has been accumulating over the years as property values have gone up and as you have been paying down your mortgage. Home equity loans allow you to borrow large sums…
Read MoreWhen is the best time to refinance your mortgage?
Refinancing your mortgage can help pay off some debts at a lower interest rate or even give you some cash in hand to help you renovate your home. The downside of refinancing means that you are going to be adding to the balance of the mortgage you’re borrowing, which can be daunting – especially with…
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