Tips and Insights on Mortgages and Buying Homes

Understanding mortgage rates
This is why mortgage rates are suddenly way more complicated If you’ve been shopping for a mortgage lately, you’ll have ...

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 ...

“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 ...

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 ...

Stress test yourself!
Do your own personal stress test There's been a lot of freaking out about the latest rendition of the mortgage ...

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 ...

Difficulty making mortgage payments?
Many factors can make it hard to make your mortgage payments Sometimes unforeseen financial circumstances can result in your having ...

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 ...

Do you look like the next generation of homebuyers?
First-time homebuyers survey This past June, Mortgage Professionals Canada published their survey results on the next generation of homebuyers - ...

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%, ...

Home appraisals… What you need to know
What's a home appraisal? And why might I need one? These days, when you're arranging a new mortgage, it's becoming ...

How to buy and renovate your new home
Many Toronto home buyers are looking at older properties and find themselves in a common predicament: they’ve found a property ...