Mortgage FAQs

How Cash Back Mortgages Can Help With Home Expenses

Cash Back mortgages were once available for you to use as down payment. Sometime after 2010 when CMHC started all of their major changes this practice was discontinued. While cash back mortgages still exist they are now restricted on what they can be used for during your purchase. Cash back mortgages work like this: First …

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Mortgage Broker versus Bank Employee — How to Get a Better Mortgage Deal?

Let’s start off with the scenario that when you get your mortgage from a bank employee that they are just that a Bank employee. Their job is to ensure the best deal for the bank as they are paid either by salary or commission. If they are paid on a salary then what do they …

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First Time Home Buyers — How to Start Building Equity In Your First Home

One of the greatest steps to financial security starts buying saying good bye to your land lord and start building equity in your first home. How does one get started on the path to becoming a first time home buyer in Canada , first step is knowing where your credit stands because the first thing …

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New To Canada Program Home Buying Help for New Canadians

The decision to leave what you know behind, move to another country, and start a new life is a big step. But, that’s just the beginning. As a newcomer to Canada, you’re ready to take on what I consider the next (and most exciting) step, which is finding a home. There are many resources out …

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Is Your Mortgage Up For Renewal? The average Canadian renews their mortgage contract every 3 to 5 years

Everyone who has a mortgage at some point in time has had to renew. If you have been fortunate enough to actually have paid it off, congratulations. At renewal time, your lender (whether it’s the bank or a trust company) have fulfilled their term obligation and are looking for your business again for the next …

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