What Is a Variable-Rate Mortgage?

What Is a Variable Rate Mortgage?

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

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What Is a Fixed Rate Mortgage?

What Is a Fixed Rate Mortgage?

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

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What Is Refinancing a Mortgage?

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

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What is a Second Mortgage?

What is a Second Mortgage?

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

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Am I Eligible For A Mortgage Deferral Because of Covid 19?

A Guide to Mortgage Deferrals Canada – Covid-19

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

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Bankruptcy – Your Home Equity Could Save You

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

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HELOC Rules

New HELOC Rules Make it Harder to Tap Home Equity

HELOC Rule Changes Have Not Made it Easier to Tap into Your Home Equity Over the last year, it’s become harder for Canadians to tap into their home equity. New mortgage rules, combined with higher interest rates, have made borrowing

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