Types of mortgages in Canada and how they apply to you
Before deciding the types of mortgages that may be right for you, you’ll have to make another important decision – the type of lender you’d like to work with.
In Canada, there are three main types of lenders: A lenders (banks, credit unions an[…]
Read more5 steps to finding the best HELOC rates in Canada
Are you looking to renovate your kitchen or go back to school? If you’re a homeowner with some equity, then you might consider taking out a home equity line of credit (HELOC). A HELOC is a low cost borrowing option (compared to unsecured debt and credit cards) since it’s secured against your home.
Read moreWhat is a mortgage broker, and should I use one?
Whether you are consolidating debt, refinancing your home, buying a new one, or looking to conduct home renovations, there are a number of options at your disposal. You can go talk to your bank, or do like a growing number of Canadians are doing, and speak with a mortgage broker.
Read moreWhat not to do when refinancing a mortgage in Canada
Refinancing a mortgages is an option many homeowners in Canada consider for various reasons. Some do so to reduce their interest rate and monthly mortgage payments. Others consider it to be the best method to consolidate all their debts.
Read more3 Ways to Pay Off Your Mortgage Quicker
Owning a home can be incredibly expensive depending on where you live. Most homeowners must take out a mortgage to finance the purchase of their properties if they are unable to pay for it outright.
Read moreMoney Talks: Housing Market Slowdown Not Enough to Stop Canada’s Booming Economy
Ontario’s cooling housing market has been no match for Canada’s booming economy. Canadian GDP surged more than expected in the second quarter, growing at the fastest pace since 2011.
Read moreMoney Talks: Canada’s Paradigm Shift – From Economic Growth to Interest Rates
It has been an eventful year for the Canadian economy: above average growth, steady job creation and a rate hike from the central bank.
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