Adjustable Rate Mortgage (ARM) is a type of mortgage, in which multiple options are provided to the borrower regarding the type of payment that the lender must make, in addition, there is an option to make the interest and principal payments lower than what is...
Find out with us the most important information about the mortgage agent, as the mortgage system can be defined as a loan that is made in exchange for real estate to build, buy, or renovate real estate for the owner’s use or investment, and it...
You can now get money easily by doing a reverse mortgage loan, and by using the reverse mortgage calculator that helps you find out all the information you need to be able to buy a home, or even know how to schedule the loan amount so...
Many economic terms have become widely circulated in daily life, and ordinary people do not have any information about them, including the term reverse mortgage, which is one of the terms that many in Canada wonder about. This is because it is one of the terms...
It is possible to refinance Investment Property Refinancing in a much smoother and simpler way, as the rates on mortgages are as low as they are on record. It is what has made many homeowners look forward to refinancing if you want to join them, you...
5 Ways to Increase Your Property Value When you buy a home, one of your primary goals is to make equity in that property and sell it for more than you bought it for someday. However, not everyone who buys a home does so with that...
With Canadians and the Canadian economy facing an unprecedented level of uncertainty due to the ongoing COVID-19 pandemic, the Bank of Canada has reassured prospective homeowners that its interest rates will remain at a near historic low for several years to come. The Bank’s Governing Council...
Most people believe that getting their credit report from Equifax or Trans Union Canada is the quickest and most accurate way of measuring their credit score and of forecasting whether they’d be approved for a mortgage. However, what many of them don’t know is that...
When the pandemic shut down the Canadian economy in March, Canada’s Big Six banks were quick to offer help to homeowners in the form of deferred mortgage payments for six months. The result was seemingly a success – payments were deferred on more than $180...
If you have a less than ideal financial history and are worried that there might not be any financing options available to you when the time comes to buy a home, set those concerns aside. While you might not qualify to work with an A...
Did you know that you’re not obligated to stay with your current mortgage provider once your mortgage term is up? Many people simply receive a renewal email or notice in the mail and think that they are tied into working with the same lender until...
We are currently living in unprecedented times that are difficult and challenging for everyone. There are very few industries that have not been affected by the global COVID-19 pandemic, meaning that many people are working on reduced hours or may have lost their jobs altogether....
Here’s the Average Price of a Home in Each Canadian Province While Capital Mortgages primarily services the Ontario region, many of our clients like to ask us how far their money would go in Canada’s various provinces. To help you get an idea of what you...
Wondering which communities in Canada offer the highest quality of living? Each year, Macleans releases its report highlighting 50 of the country’s best communities, ranked by factors such as wealth and economy, affordability, population growth, taxes, commute, crime, weather, access to healthcare and amenities and...
Unlike a credit card or a line of credit, your cell phone is an open account – meaning that your balance must be paid in full by the end of the month, otherwise you risk earning a negative mark towards your credit score! Many people mistakenly...
Does thinking about the world of financial investment make your head spin? With so many ways to make your dollars go further in today’s world, it can be tricky to decide where to channel your focus. From the stock market to investment funds, mutual bonds...
One of the most common questions we get as mortgage specialists revolve around how much applicants can afford to spend on their home. In order to calculate what this golden number is, you’ll have to look at a few factors including: Your household income Your...
What is Canada’s First-Time Home Buyer Incentive and How Can You Benefit From It? Are you hoping to buy your first home but unsure of how you’ll be able to save up the money required to put down the necessary down payment on it? For young...
In part 1 of this blog series, we assessed the benefits of buying a home over the holidays – including quicker sales closing rates and having fewer buyers to compete against. But let’s look at things from a seller’s perspective now and analyze how listing...
While buying or selling a home over the holidays might initially seem like a bad idea considering how busy everybody is throughout this time of year, it can actually work to your benefit in a number of ways. In this two-part blog series, we explore...
First-time homeowners tend to look for the lowest interest rate available when considering which mortgage to purchase. However, it’s important to note that a low rate isn’t necessarily the only criteria that will determine which product is best suited to your lifestyle. Everybody’s circumstances are...
Are millennials able to afford what baby boomers once were, or has the landscape changed drastically? With inflation rates rapidly rising and the cost of owning property quickly growing year over year, we thought it would be interesting to take a look at what first time...
Common Problems That Can Derail Your Home Inspection – Part 3 Throughout our three-part series about the most recurrent issues that new homeowners come across throughout their property inspection process, we have highlighted a multitude of elements you should have checked before signing off on your...
Common Problems That Can Derail Your Home Inspection – Part 2 Welcome back to Part 2 of our blog series about the most frequent issues you may encounter in your potential new home’s inspection. Our goal with this series is to spread general awareness about the...
Common Problems That Can Derail Your Home Inspection Part 1 So, you have made the house-hunting rounds, visited several options, and finally picked a top choice. But just when you have managed to whittle down your selection and settle on the main contender, you realize that...
Waiting to hear back about a mortgage pre-approval can be one of the most stressful stages of a future homeowner’s journey towards making their purchase. The most frequent questions our brokers receive from their clients involve wondering how to pre-approved by lenders, or which steps...
Congratulations on your beautiful new home! Now, you face the less-than-fun part: Packing all of your many belongings so they can safely arrive at your new place. This is easier said than done, but here are a few tips to ensure your move is streamlined...
Whether they have just moved into a new property and it requires some TLC or you they are looking to make some updates to their current family home, the majority of homeowners will usually undertake some kind of renovation on their property while they live...
When you're in the market for home financing and are searching for the right mortgage to fit your needs, you want to be sure that you are in the best hands. Our team of experienced mortgage brokers and agents offer seamless solutions for all your...
The long awaited and anticipated interest rate announcement was released from the Bank of Canada this afternoon. As many expected, the Bank of Canada raised the interest rate to 1.25% - the highest level since 2009. A strong Canadian economy, as demonstrated by a positive...