Rights as a Co-Signer for Mortgage in Ontario
Has someone asked you to co-sign a mortgage in Ontario for them? Are you worried about it, because you think that you’ll be taking on a lot of responsibility, with very little to gain? You might not be wrong. Being a co-signer is a big responsibility and if you’re not careful, it’s something that could…
Read moreTypes of Residential Mortgages in Ottawa
That time has come. You need a residential mortgage, but you don’t know what’s available or which type would be best for you. So, what type of mortgages in Ontario are available? A first mortgage is the type of mortgage you’ll need if you’re buying a home and you currently don’t own it. This type…
Read moreExplaining the Process of Porting a Mortgage
When you port your mortgage, you simply take it with you from a home you’re selling to the new home you’re buying. The transfer can be very simple, as the terms and interest rate will stay the same (thus the point of porting your mortgage.) But just what’s involved in the porting process? You’ll need…
Read moreWhy are Self Employed Mortgages so Hard to Get?
With more and more of the major banks pulling out of the stated income market, how are self-employed people ever supposed to get a mortgage? And why are self-employed mortgages so hard to get? Self-employed mortgages actually aren’t hard at all to get if you have verifiable income. If you have a way to verify…
Read moreWhy to Pay Off your Mortgage Early
Should you pay off your Sudbury mortgage earlier than what it states on the loan’s contract? The simple answer is: yes! The earlier you can pay off your mortgage, the sooner you’ll be out of that huge amount of debt, and the sooner you can start using that money elsewhere. And while it may not…
Read moreHow to Remortgage Your House in Sudbury
When it’s time to remortgage your home in Sudbury, many people get the process confused with home refinancing. This is because, like refinancing, remortgaging your home replaces your old home loan with an entirely new one. The difference between remortgaging and refinancing is that when you remortgage your home, you do so with a completely…
Read moreBoomers Afraid Kids won’t be able to Afford Homes
Due to the fact that our house prices have risen over the past few years, and at the same time our incomes have either been stagnating or declining, many Baby Boomers now think that their children will not be able to buy a home. In fact, according to a survey done by the Bank of…
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