Real estate is considered to be one of the best investments you can make. After all, an investment property is a great way to generate passive income and build long-term wealth. But, what type of mortgage is best for an investment property? While you may be interested...
Securing a mortgage can be tough if lenders consider you to be a high-risk borrower. Fortunately, there are several high-risk lenders out there who can work with you to realize your dream. But, the main hurdle is finding a suitable lender offering high-risk mortgage...
A property owner in Ontario needs to pay property taxes - taxes that are used mainly for public education, local police, libraries, and firefighting. Your municipality will mail you a tax bill every year for every property that you own in Ontario. How much you need to...
Are you trying to get your head around what a variable-rate mortgage is? When looking at getting a mortgage, it can be difficult to make sense of all of the technical jargon that lenders use. The difficulty starts with having to work through the math of different...
So, what is a fixed-rate mortgage? Any time you're looking to purchase a new home or refinance your home, it's important to know all of your options so that you can make the decision that's right for you. Having a clear overview of your financial choices is important....
Are you unhappy with the current terms of your home loan? Are you struggling with debt? Or do you maybe want to benefit from changed market conditions and get a more competitive rate? If you are in any of these positions, then you have probably heard about the option...
A second mortgage or a home equity loan is another loan you take out from the same property. The amount that you are allowed to borrow depends on the amount of equity in your home. Home equity is the difference between the market value of your property less what you...
COVID-19 has hit everyone hard. People are afraid to go outside. Some basic freedoms that many of us have taken for granted have been taken away. With this has come a reduction of income for many, along with a severe impact on their credit. As a result, many...
Am I Eligible For A Mortgage Deferral Because of Covid 19? Frustrated Canadians looking for Covid 19 mortgage relief or coronavirus mortgage deferrals are facing delays and denials from Canada’s big banks. The big banks have been flooded with calls over a short period...
Considering Bankruptcy? If You Have Home Equity Read This First... If you feel like you've been drowning in debt, you may be considering bankruptcy. You may also be looking for a way to avoid bankruptcy. Fortunately, for homeowners, there may be a way to get out of...
With rising interest rates, many Canadians are feeling the financial squeeze. A Yahoo Canada/Maru poll reveals that a quarter of respondents are “not coping well” with current interest rates, and for homeowners with mortgages, this pressure can be even more intense....
Navigating the mortgage landscape can be complex, especially when life throws financial challenges your way. If you’re a homeowner dealing with a low credit score, inconsistent income or high amount off debt due to missed payments, securing a mortgage through...
Calgary Foreclosures are on the rise. A recent survey report from Jerry Charlton Real Estate reveals alarming trends in Calgary’s housing market, indicating a potential surge in foreclosures. Key factors driving this shift include rising interest rates, escalating...