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What Makes Up Your Mortgage Payment? Purchasing a home is a dream for everyone and understanding your mortgage payments will help you in keeping on track and pay down your mortgage in less time. Your mortgage payments are made up of principal payments and interest payments. The principal payments go directly to pay off your …

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How to Choose The Right Mortgage Lender: Find the Most Suitable Option for You While it’s only quite natural to be driven by the numbers when deciding which lender to give your mortgage to, don’t be in a rush to sign on the dotted line. Have you looked at all your viable options? Have your researched …

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The Home Market is Being Re-Shaped By Millennials : How COVID-19 Impacted These Changes  In today’s home buyer’s world, millennials in their late 20s to early 30s have a huge impact on the housing market. They make up the fastest-growing segment of buyers today. Why? Millennials are moving the market due to their growing careers – …

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As you may have heard in the news, OFSI has announced the new stress rate as of June 1st will now be 5.25% for insured and uninsured mortgages instead of 4.79%. This has been enacted to help cool the market. This may make qualifying for some a little more difficult as they may qualify for …

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Your credit score matters in purchasing a home. Your credit score determines the loan program and interest rate you are qualified for. Your score is a 3-digit score that is a summary of your credit health. To come up with your score, there are five different categories that the score is based on. The first …

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Homeownership isn’t the ideal option for everyone. It is completely dependent on one’s situation; whether it be your financial situation, employment situation, or you are new to Canada. Other hindrances that may affect this decision are a recent divorce, filing bankruptcy, etc. Don’t feel as though you are at completely dead end in terms of …

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 With homeownership being quite costly and getting more expensive as time goes on, the choice to get a joint mortgage is increasingly becoming a viable option to people. A joint mortgage is a mortgage you can take out with another individual or multiple individuals. Commonly, a joint mortgage occurs when you are taking out a …

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    Downsizing is a choice for people that want to swap out their home for something that is more manageable or smaller. The primary reason most people downsize is to save money. It is quite advantageous to downsize as you have increased cash flow, lower utility bills, reduced consumption, and minimized stress.   Living …

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  Saving for a Mortgage Down Payment   As overwhelming as it may feel having to save for a down payment for a home, you can ease the stress and burden you may feel if you take the essential steps to feel financially secure. A few small changes to your budget plan is a great …

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Researching and conducting a detailed evaluation into a property you are opting to invest in is essential. A market analysis should be centered not only on the neighborhood but of the city. The overall housing market could be performing exceptionally but the specific neighborhood you are looking at is doing poorly.   A multitude of …

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