How to Renew Your Mortgage with a New Lender

When your mortgage term ends, your lender will likely send you a renewal offer, but that doesn’t mean you have to accept it. In fact, mortgage renewal is one of the best times to shop around and switch to a better rate or a more flexible solution. At Cannect, we believe every renewal is an […]

Easy Mortgage Renewal Tips to Save Money in 2025

When your mortgage term ends, you’re faced with a decision: renew with your current lender or explore other options. While it might be tempting just to sign the renewal offer that lands in your inbox, doing so without looking at the bigger picture could cost you thousands of dollars in the long run. At Cannect, […]

Bruised credit? How to still buy a home in 2025

Are you dreaming of owning a home in Canada but worried your credit score might stand in the way? Many Canadians face challenges with less-than-perfect credit, often due to past financial bumps, unexpected life events, or simply a lack of credit history. The good news is, bruised credit doesn’t have to be a permanent roadblock […]

Are You 6 Months from Your Mortgage Renewal? Here’s What You Need to Know

If your mortgage is coming up for renewal in the next 6 months, you might be tempted to let your current lender send you a mortgage renewal letter and just sign on the dotted line. It’s easy, it’s quick… but it might not be the best move for your finances. At Cannect, we believe this […]

Is Now the Right Time to Refinance Your Mortgage?

With interest rates on the decline, many homeowners are wondering whether refinancing their mortgage is a smart move. The truth is that the right timing can make a significant impact on your financial future. Refinancing can help you lower your monthly payments, reduce interest costs, consolidate debt, and improve your overall financial flexibility. Let’s break […]

Variable Rate Mortgages are the Smarter Choice Right Now

When it’s time to renew your mortgage, the fixed vs. variable rate decision looms large. With interest rates currently declining and further cuts predicted, choosing the right path can significantly impact your finances. Right now, a variable-rate mortgage often emerges as the smarter choice. Let’s explore why. Understanding Fixed and Variable Rate Mortgages Fixed-Rate Mortgage […]

Unlocking Financial Opportunities with Alternative Lending in Canada

As the Canadian housing market evolves, homeowners increasingly seek alternative lending solutions to meet their diverse financial needs. With traditional banks tightening their lending criteria, accessing funds can become challenging. This blog explores Canada’s top alternative lending options, including private lenders, online lenders, and peer-to-peer platforms. We’ll see the benefits of each option, such as […]

Mortgage Broker vs. Bank: Which is Better for You?

When it comes to securing a mortgage, the choice between a mortgage broker and a bank can feel overwhelming. Each option has its advantages, but when your goal is to save money and get the best deal, the choice becomes much clearer. Let’s break down the differences to help you make an informed decision. Access […]

Big News: Canadian First-Time Buyers Now Eligible for 30-Year Amortizations

In a significant move to make homeownership more attainable, Canada has introduced 30-year amortizations for first-time buyers and individuals purchasing newly built properties. This new policy aims to reduce monthly mortgage payments, offering a potential solution to the country’s ongoing housing affordability crisis. But while this might sound like a lifeline for many, it comes […]

How to Secure the Best 5-Year Fixed Mortgage Rates in Ontario

When securing a mortgage, finding the best rate is crucial, especially in Ontario’s competitive real estate market. Homebuyers and homeowners constantly search for the lowest 5-year fixed mortgage rates to lock in their monthly payments and protect themselves from future interest rate hikes. If you’re in the market for a mortgage, you’ve likely come across […]