How to Decide Between Refinancing and a Second Mortgage

When you need to access the equity in your home, whether it’s for renovations, consolidating debt, or unexpected expenses, you generally have two popular options: a second mortgage or refinancing your current mortgage. Both can get you the funds you need, but choosing the right one depends on your situation. What Is Mortgage Refinancing? Refinancing […]

Why’s a Home Appraisal So Important When You Get a Mortgage

Are you buying a new home, refinancing your existing mortgage, or taking out a second mortgage? There’s one crucial step you can’t skip: the home appraisal.A home appraisal plays a vital role in the mortgage process. It gives lenders—and you—a clear, unbiased picture of what your property is actually worth. But what exactly is a […]

Big Banks Say No? Why Self-Employed Loans Aren’t Always Risky

In today’s world, being self-employed isn’t unusual. In fact, it’s more common than ever. From gig workers to consultants to entrepreneurs running thriving businesses, millions of Canadians are building their careers on their terms. But when it comes time to apply for a mortgage, self-employed borrowers often hit a frustrating wall: big banks label them […]

Is Now a Good Time to Buy a House in Canada?

The Canadian housing market is always a hot topic, with home prices, mortgage rates, and economic conditions constantly shifting. If you’re wondering whether now is a good time to buy a house in Canada, the answer isn’t one-size-fits-all. Mortgage Rates Are Trending Down Over the past few years, interest rates have been high as the […]

Refinance Penalties Got You Down? Here’s How to Lower Them.

Thinking about refinancing your mortgage but worried about the penalty for breaking it early? You’re not alone. Many Canadian homeowners hesitate to refinance because they’re unsure if paying a prepayment penalty is worth the potential savings. In this blog, we’ll break down what mortgage penalties are, how they’re calculated, and how to figure out if […]

Mortgage Rates Down? What You Need to Do Now.

This March, the Bank of Canada announced its first rate cut this year, lowering its key overnight rate by 0.25% to 4.75%. For many Canadians who are navigating the housing market or managing existing mortgages, this move raises an important question: How does this affect my mortgage, and should I consider fixed or variable rates? […]