Renewing Your Mortgage

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Your mortgages renewal is a great time to investigate the other options that are available in the market. Banks send out mortgage renewal agreements to their clients with a goal of having people who aren’t informed lock into rates that are higher than what is being offered to the market. There are few steps involved… Continue reading Renewing Your Mortgage

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Home Equity Line of Credit

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A Home Equity Line of Credit (HELOC, if you are someone that knows way too much about mortgages) is of great value to many mortgage shoppers who are looking for flexibility. It allows a borrower to obtain an extremely low interest rate on a line of credit by using the equity in their home as… Continue reading Home Equity Line of Credit

Debt Consolidation

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One of the best uses for the equity in your home is to pay off higher interest rate debts. Expenses can seem to surprise us at any point in our lives. Many Canadians worry about their debt burdens. If you find yourself servicing unsecured debts month after month without really attacking the principal, it might… Continue reading Debt Consolidation

How to Refinance Your Property

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Why Refinance? Consolidate Debt Credit cards charge a higher interest rate than your mortgage lender does. It may make sense for you to pay off your loans using the equity from your home. Unlock Home Equity Lots of people use a Home Equity Line of Credit (HELOC) to finance renovations, go on vacation, or pay… Continue reading How to Refinance Your Property

Purchase Process

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1. Pre-approval This part of the process is optional. However, it will help you find a house that meets your “list of requirements” and stays within your budget. We highly recommend you find out the maximum amount you can spend on a home before you go out looking. We know how easy it is to… Continue reading Purchase Process

Purchase Plus Improvements

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Did you know, that there are mortgages that are tailored for buying “fixer-uppers”? Do you have your eye on a home that has great bones, but just needs a bit of TLC here and there? Well, I bet you didn’t know that you can put as little as a 5% down payment and still qualify… Continue reading Purchase Plus Improvements

Summer Is Coming…And So Are Some More CMHC Rule Changes.

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With extremely low interest rates and little likelihood of a rate hike anytime soon, we all knew that the Federal Government would be tinkering with mortgage insurance to stem the rising house prices in Canada. The latest round of rule changes scheduled to take place on or after June 30th, 2015 target Canadians who are buying homes… Continue reading Summer Is Coming…And So Are Some More CMHC Rule Changes.