A mortgage is a significant financial investment that requires careful consideration and planning. While it's important to find the right mortgage that fits your budget and lifestyle, it's also essential to save money on your mortgage in the long run. Here are some tips for...
Buying your first home is an exciting and daunting experience, especially when you're not familiar with the area you're considering. Ottawa is a beautiful city that offers a wide variety of neighborhoods with distinct features and attractions. Here are some of the top neighborhoods in...
When it comes to getting a mortgage in Ottawa, there are a few different options to choose from, including open, closed, and convertible mortgages. Each type of mortgage has its own advantages and disadvantages, so it's important to understand the differences before making a decision. Open,...
Buying a home is one of the biggest financial investments you’ll ever make, and it can be an overwhelming process to navigate on your own. Whether you’re a first-time homebuyer or a seasoned homeowner, working with a mortgage broker can make the process easier and...
Choosing the right mortgage term is an important decision that can have a significant impact on your finances. The term of your mortgage is the length of time you have to repay your loan, and it can range from as little as one year to...
Refinancing your mortgage can be a great way to save money on your monthly payments, pay off your mortgage faster, or access equity in your home. However, refinancing is not always the right choice for every borrower, and it's important to carefully consider the pros...
The mortgage approval process can be overwhelming for first-time home buyers, especially if you are not familiar with the process. Understanding what to expect during the mortgage approval process can help you better prepare for the process and increase your chances of getting approved for...
Shopping around for a mortgage is an important step in the process of buying a home in Canada. With so many different lenders offering a wide range of mortgage products and terms, it's important to take the time to compare your options in order to...
The Home Buyers' Plan (HBP) is a program offered by the Government of Canada that allows first-time home buyers to use their Registered Retirement Savings Plan (RRSP) to help fund the down payment on their home. The HBP is designed to help make home ownership...
If you are planning on applying for a mortgage, one of the most important factors that lenders will consider is your credit score. Your credit score is a numerical representation of your creditworthiness, and it is used by lenders to determine your risk as a...
Conventional mortgages are one of the most popular types of home loans available today. They are typically used by borrowers who have good credit and a steady income. But one of the most important factors in getting approved for a conventional mortgage is the downpayment,...
When it comes to choosing a mortgage, one of the first decisions you will need to make is whether to go with a fixed-rate mortgage or a variable-rate mortgage. Both types of mortgages have their own unique set of pros and cons, and it's important...
When it comes to buying a home, there is a big difference between working with a mortgage broker and a bank advisor. While both may offer similar services, the benefits of working with a mortgage broker are very important when it comes to getting the...
Moving to a new country is an exciting experience, but it can also present a number of financial challenges. One of the most daunting tasks for newcomers to Canada is obtaining a mortgage. It can be difficult to navigate the system and understand the different...
Shopping for a construction loan can be an overwhelming process, especially if you don't know the ins and outs of the process. Construction loans are unique in that they are short-term loans used to finance the building of a home or other structure. As such,...
Are you considering taking out a second mortgage? If so, you’re not alone. Taking out a second mortgage has become increasingly popular in recent years as more and more homeowners look for ways to use their home’s equity to their advantage. From debt consolidation to...
A home is likely one of the most expensive purchases you will make in your lifetime and understanding the process of financing it is essential. One of the key factors in the financing process is the down payment, which is the amount of money that...
Did you know that there are several different types of financing available to real estate investors? If you’re interested in getting started with multifamily properties, you’ll need to find the right kind of financing for your situation and goals. It can be confusing when you...
Unless you’re independently wealthy, buying a home will likely be the largest financial transaction of your life. It’s not surprising, then, that most mortgage applicants feel anxious about meeting lender criteria and qualifying for financing. But with the right information and strategy, even individuals with...
Construction financing is a bit of a catch-22. It can seem unapproachable and inaccessible, especially if you’re new to the game. Developers and non-profits might not have the same access to lenders or investors as larger organizations do, but that doesn’t mean they should be...
When buying a new home, you’ll want to check for red flags that could indicate future problems. Your inspection is critical to finding anything that might be hidden or overlooked by less diligent buyers. However, with new technologies and home design strategies being used more...
You’re super excited to move into a new home, but it comes with a catch. You need to pack up your old home and move into the new one in only a few days. So much for that plan of slowly moving things over time....
The Debate: Live in the Suburbs or Live in the City? When it comes to the suburbs vs. city debate, the two are like night and day. The suburbs are typically quiet with wide streets and plenty of green space, while the city is busy with...
Ottawa is the capital of Canada Firstly, Ottawa was the capital city of Canada from 1844 to 1857. It became the national capital in 1867, after having been the capital city of Upper Canada from 1841 to 1843. Ottawa has the largest science museum in North...
The term “rate hold” may be something you are familiar with if you have worked with us in the past. If not, it is a term that all prospective buyers should know! A rate hold is offered by the majority of lenders to clients who are...
Thinking of selling your home? Lucky for you, Ottawa is currently experiencing a resounding seller’s market, with the average price of homes sitting at a historical all-time high. To generate even more income from the sale of your property, why not consider some of the...
There’s no denying it – owning a home in today’s incredibly competitive real estate market can be daunting. From bidding wars to the highest property prices in history in Ottawa, it can seem like much more comfortable of a bet to rent. However, there are...
Congratulations! You’ve found your dream home, have been pre-approved for your mortgage and have all the funds ready for your down payment. Buying a house is a moment many people dream of, and it is one of the most important milestones in many of our...
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...
Applying for your first mortgage can be a stressful time. You have got your sights set on your ideal first home, and the only thing that stands in the way of making it yours is the bank’s decision to approve your mortgage request. This can...