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...
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...
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...
It bears no need for repeating, but we’ll say it once again – Ottawa (and most of Canada) is experiencing the hottest ever real estate market in history. If you’re a property owner and are looking to move this year, there’s no better time to...
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...
As the time comes around for you to buy your first (or subsequent!) property, you’re likely looking at a few factors such as what kind of home you can afford, where you’d like to live and what the pros and cons are of the area...
Buying your first home can be an overwhelming venture. If you are not financially-savvy, then terms such as ‘amortization period’ and ‘variable-rate mortgage’ may have you scratching your head in confusion. To help ease some of your worries, our expert team of brokers at Capital...
Do you know the difference between fixed-rate mortgages or variable (sometimes called adjustable-rate) mortgages? Each mortgage type is affected by different market conditions and each offers its own advantages or disadvantages. One of the most important steps in financing your home is choosing which type...
Are you wondering how to deal with a fallen tree that has damaged your home or property after a major storm? Here are some things to keep in mind: Does Your Insurance Cover It? Most home insurance coverage includes damage that results when your property is struck...
If you are interested in improving your financial well-being, it can be as easy as understanding some basic numbers. In fact, just a few sets of numbers are the key to understanding your finances today and in the future. Let's take a closer look those...
The last thing you want to think about is any penalty you face if you have to break your mortgage. As many as seven out of ten borrowers with a 5-year fixed-rate loan find it necessary to make adjustments. Some people have to find a...
If you're looking to buy a house in Ottawa, one thing that's sure to be in your thoughts is the mortgage rate. Even more so, what impact it's going to have on your monthly finances. Mortgage rates right now are about as good as they're...
From our considerable experience dealing with clients every day, we have realized that while we deal with a vast amount of inquiries daily, there are about a dozen questions which are consistently asked by just about every other client. Here are some of the most...
The purchase of one's new home is often one of the largest investments made by an individual during the lifetime. You want the purchase and the aftermath to be a satisfactory experience. A wise action that should be taken before making the home choice is to arrange for...
While it looks like interest rates will remain low for some time, there has been a large swing from variable to fixed-rate mortgages over the past year, says a new report by the Canadian Association of Accredited Mortgage Professionals. CAAMP’s annual report on the state of...