When buying a home and getting approved for a mortgage, it's important to review any major changes with your mortgage broker first to assure that it will not affect your mortgage approval. ...
Here are three important mortgage terms you should know. They are prepayment, porting and assumable.  Prepayment, porting and assumable Prepayment: Prepayment is the amount tha ...
The mortgage process can sometimes be a little confusing or overwhelming. In addition to your personal finances, mortgage rules and lender guidelines are always changing. Â However, focusing on the fi ...
A surprising 60% of mortgage holders break their mortgage during the term. Â When a mortgage contract is broken a lender typically will charge a penalty. Â There are many reasons why someone may need ...
Porting a mortgage can be a great option when moving to a new house as porting can help you avoid a penalty from breaking your current mortgage. I am able to assist with porting and love helping cl ...
Over the last few years, more changes have been introduced to the mortgage rules in Canada.  Some of these changes can affect refinancing a mortgage.  These changes are important to know if you are ...
When signing the mortgage package your Ottawa mortgage broker will ask you how you would like to pay your property taxes. Â Here are three ways you can pay them. How to pay your p ...
A mortgage is a contract between you and the lender. The contract has terms, conditions, obligations, rights and so on. Many lenders will allow you to break the contract if you pay a penalty. For a fi ...
The reward for making a larger down payment in the past was a lower rate. Â However, with recent changes in mortgage rules many lenders now have a higher rate for those with larger down payments. Â In ...
When buying a home, the different types of insurance that you may be offered, can be a little confusing.  If you've ever asked, "What are all these insurances?", keep reading to learn more. &nbs ...