Search Results for 'mortgage planning'
Self employed? Mortgage planning is *key*
What you need to know about getting a self-employed mortgage If you’re an entrepreneur, small business owner, consultant, or work on contract rather than full-time salary, and will be mortgage shopping soon, just a heads up. It’s getting harder and harder for people who are self-employed to get mortgage financing. Salaried employees can easily prove […]
Retirement mortgage planning? Make the most of your biggest asset…
According to Ipsos-Reid, almost a quarter of Canadian Baby Boomers worry whether they have enough for retirement. What’s even more concerning is that almost 40% of Canadian adults say they haven’t saved a penny for the future. If you own your own home, it’s likely some of your retirement plan will include accessing the equity in […]
Mortgage after bankruptcy – how to get a fair deal
How to get a fair mortgage deal after bankruptcy Buying a home is a significant milestone, and it can feel daunting, especially after going through bankruptcy. However, owning a home after bankruptcy is achievable with careful planning and a proactive approach to securing a mortgage. In Canada, there are specific steps and strategies to help […]
Private mortgage lenders: how to use them successfully
If your mortgage broker suggests a private lender mortgage, you’ll probably have many questions. That’s a good thing! In order to use private lenders successfully, you need to make sure you understand how this choice will work for you. Just as importantly, you need a plan for how you’ll move on and replace the private […]
Seniors and reverse mortgages: unlocking your home’s value
Aging in place with confidence: how reverse mortgages can benefit you If you’ve reached that point in life where you’re thinking about the years ahead and what you want them to look like, your financial plan plays a big part in the options available to you. The idea of ‘aging in place’ – staying in […]
Private mortgage rates: why are they so high?
Unpacking private mortgage rates The first step in understanding private mortgage rates is to get back to the basics. Let’s start with covering those…. What is a private mortgage? Simply put, private mortgages are offered by Canadian mortgage lenders who aren’t your typical “A” or “B” lender. Big names are Fisgard or New Haven, but […]
Why a reverse mortgage?
Need money but don’t want to sell your home? A reverse mortgage might be a good option For many Canadians, their actual financial needs in retirement are different from what they planned for. In fact, many find themselves struggling to make ends meet or must alter their lifestyle to get by. I’ve heard stories of […]
Fixed or variable rate mortgage: which is better?
Fixed or variable rate mortgage: is rate the only thing to look at? One of the biggest questions you’ll face when planning your mortgage, is whether to lock in to a fixed rate or choose a variable rate mortgage. Currently, the 5 year fixed rate is around 3.19% – 3.89%, depending on your credit score, […]
Connect