mortgage lenders Archives | Private Mortgage Canada

A picture of a house with money along with the other documents needed to prepare before having the mortgages you have to deal with for your own home ownership. — Mortgages turn out to be a helpful thing you must do to have a successful homeownership journey. With the risks and advantages of it, it is evident that you have to be prepared and ready to keep that thing as your friendly tool that will lift you up and lead you closer to your goals.

High Ratio Mortgages: Advantages and Risks

High ratio mortgages have surfaced as a valuable financing option for aspiring homeowners. These mortgages allow buyers to secure a home loan with a down payment of less than 20% […]

A picture of a man and a woman preparing to save money to keep it for their down payment. — When you are about to enter good and satisfying achievements in your life, you may be encouraged to save on your own to avoid problems in the future.

Free from Debts: A Guide to Saving for a Down Payment

Almost everyone wants to own their own home. However, debts can also get in the way of achieving this goal. Achieving financial freedom requires careful planning, discipline, and strategic decision-making. […]

Home Renovation Homeownership

DIY vs. Contractor: Home Renovations Key Difference

As a homeowner in Canada, home renovations are sometimes needed. Home renovations will cause you a large sum of money, so you might think of solutions to save money as […]

A mortgage lender and a client talking about multiple mortgage collateral. — By dealing with the different happenings in today's world, we can be sure that people may misunderstand multiple mortgage collateral. Here are the details about it and how you can deal with it in the future.

Homebuying Homeownership Mortgage

Multiple Collateral Mortgages Insight

Multiple collateral mortgages are best for borrowers with difficulty leveraging their existing home equity for a loan and lenders seeking increased security. From the word itself, it allows borrowers to […]

It is a picture that symbolizes the money and the house itself, where the mortgage and its available payment method are available or seen at the moment. — If you need to learn about the reverse mortgage, it is a loan that allows you to get money from your home equity without selling your home. Learn more from the professional help of Private Mortgage Canada.

Home Renovation Homebuying Homeownership Mortgage

Reverse Mortgage: How Does It Work?

A reverse mortgage in Canada is designed for senior citizens, which allows them to borrow money using their home equity. This comprehensive guide aims to shed light on reverse mortgages […]

A picture of a girl working as a self-employed individual trying to figure out the best mortgage options for herself. — With various things applicable or available in today's issues, it is hard to determine whether to keep up with the right mortgage plans you have in mind. Thus, you are allowed to see and know how qualified you are for these mortgage options as a self-employed individual.

Homebuying Homeowner Mortgage

Mortgage Options for Self-Employed Individuals

Being self-employed offers many benefits, like flexibility and independence. However, it is more complicated when you want to apply for a mortgage. Self-employed borrowers usually encounter unique challenges. Understand the […]

A picture of a house located in the centre of the whole place. — If you are looking for homes, it is important to consider the place you are targeting to have and, at the same time, valuable enough for your whole family's benefit.

Homebuying Homeownership Mortgage

Impact of Location on Mortgage Rates

Various variables affect your mortgage rates in Canada. It can be your credit score, your payment amount, debt-to-income ratio. But one factor is often overlooked by the buyers that significantly […]

Two people were talking with a mortgage agent, discussing the mortgage porting that needs to be applied and implemented correctly. — Times such as dealing with mortgages are essential as you will need to complete most of your documents again, but do you know you can keep your mortgage rate while having a new home.

Homebuying Homeownership

What is Mortgage Porting?

If you want to buy a new property but still have a mortgage on your current home, mortgage porting may be your best choice. This article will dive deeper into […]

A house and money are seen in exchanging two hands along the proper transactions about home equity loans and second mortgages with the involvement of a mortgage agent and a person dealing with it. — With different kinds of options available today, it is best to keep yourself informed and aware of how things will go clearly with the help of these loans and mortgages.

Homebuying Homeownership Mortgage

Home Equity Loans vs. Second Mortgages: What’s the Difference?

Home equity loans and second mortgages can be interchangeable, however, if you look into it deeper, they have distinct similarities. Here’s the difference: With a home equity loan, you can […]

Investment Rental Property

Risks and Rewards of Investing in Rental Property

Investing in rental property can be another profitable way to build wealth and generate passive income. Like any other investment, it could be a downside if handled poorly. There are […]