Taking out a mortgage for your first home is one of the most exciting parts of becoming an adult. But that excitement—and the pride and responsibility it brings—can cloud your judgment and lead you to make bad decisions. First-time homebuyers could make mistakes...
No matter if you're taking out a new mortgage or renewing an existing one, you have to pick between a closed or open mortgage. The majority of homeowners usually go with closed mortgages, but there are particular circumstances where open mortgages make more sense....
Owning a house is beneficial because you'll have a permanent place to stay. Beyond that, it's also a responsibility because a home is an investment. However, you don't just buy a house overnight because chances are you may not be able to afford it. For most people,...
A commercial mortgage is a common way for many businesses to get the money needed to finance a property purchase or business project. It's the same in Canada, but the commercial mortgage market is active and dynamic. It's best to connect with a mortgage professional...
A mortgage broker can help you with your bad credit score and find a reasonable mortgage rate. A bad credit mortgage broker can help people with credit problems. If your credit problems are just starting, or if you're trying to rebuild your credit, there is a...
For a refinance mortgage in Ontario, your bank or lender pays off your previous loan and exchanges it with a new one; this is why refinances are used. The majority of borrowers refinancing to lower their interest rate and shorten their payment term or to take...
