Step By Step Guide To Getting A Reverse Mortgage
A reverse mortgage in all ramifications is considered a loan. In Canada, this loan is available to homeowners aged fifty-five and older.
Financing 101: What Is A Good Credit Score In Canada For A Mortgage?
One of the most important things to consider when it comes to loans is your credit score. Without a good credit score, getting a loan in any Canadian province is very difficult.
What Do Different Credit Scores Mean?
Credit scores range from poor to exceptional, and what those three-digit numbers are can determine what your interest rate will be when taking out a loan.
Mortgage Pre-approval – What Is It And When Should You Get It?
Mortgage pre-approval is basically an initial assessment from the lending company where they agree, in principle, only to lend you a certain amount to buy your property.
How To Prepare To Buy A Home In A Hot Market
With more people listing their homes and resuming home searches, we saw one of the hottest June markets nationwide in a really long time.
Increased Market Activity In Stage Two Of Reopening The Economy
Although we saw a sharp decline in market activity during the onset of the COVID-19 pandemic, we've now entered stage two of reopening of the economy and we can see a further increase in market activity.
Why The New Cmhc Rules May Not Affect You
At the beginning of June, Canada Mortgage and Housing Corp. (CMHC) announced its decision to tighten the guidelines for insured mortgages as of this month. This applies to mortgages with down payments of less than 20 per cent that require CMHC default insurance.
Estate Planning During The Pandemic
One of the questions we receive frequently is, "Why do I need a will?" People stammer and start, don't want to discuss it and avoid the topic completely. These days, it's more important than ever.
How To Navigate The Mortgage Process During Covid-19
We're living in very different times where meeting face-to-face isn't really an option. Despite the new reality, the priority of taking care of our personal finances is one thing that hasn't changed.
Should You Refinance Your Mortgage In The Covid-19 Crisis?
The COVID-19 pandemic has presented all kinds of unprecedented challenges, affecting both household finances and the global economy. During the crisis, many are considering refinancing their mortgages. But is this actually a good time for you to refinance your mortgage?