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% […]
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% […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]