Category: Mortgage Planning

Own your first home by 29 - Ingrid Bjel McGaughey - Toronto Mortgage Broker

How to buy your first home by 29

What's the rush?  The financial "why" HSBC did an interesting study in the UK in 2014.  It suggested that if you buy ...
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conditon on financing

“Conditional on financing”: the most important part of your offer

"Conditional on financing" - do I need this? When you find the condo or house of your dreams, and want ...
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Balance mortgage rate with options, privileges and payment schedules

What is an Interest-Saving Mortgage? One of the problems in the mortgage industry is the way mortgages are advertised: usually ...
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Stress test your own debt - toronto mortgage broker ingrid mcgaughey

Stress test yourself!

Do your own personal stress test There's been a lot of "blah, blah, blah, waaaah!" about the latest rendition of ...
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mortgage stress test

New mortgage stress test for 2018 – why you might want to buy or refinance *now*

Purchase - or refinance - before the rules change in January If you’re looking to buy with a down payment ...
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fixed or variable rate mortgage

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 ...
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difficulty making mortgage payments

Difficulty making mortgage payments?

Many factors can make it hard to make your mortgage payments Sometimes unforeseen financial circumstances can result in your having ...
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best mortgage features

Which mortgage features are most important?

It’s easy to look online for a mortgage rate. But most mortgages vary only slightly on that. So how do ...
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Rates have gone up - what next?

After the rate hike…what’s next?

On July 12th, for the first time in seven years, the Bank of Canada increased the overnight rate by .25%, ...
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bridge financing

Bridge financing: what you need to know

Bridge loans can help make transitions easier A bridge loan is a short-term financing tool that helps you “bridge” the ...
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Reverse Mortgage

When a reverse mortgage is the right solution

Reverse mortgages in Canada: Top 3 "why's" and "when's" We're seeing an uptick in people asking whether a reverse mortgage is right ...
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Pre-approvals made simple

The ins and outs of mortgage pre-approvals When you’re house hunting, it’s important to know the amount of mortgage you ...
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