Meet Paul Pepin

Putting YOUR Interest First!

We are living in challenging times. My goal is to make your mortgage financing process as easy and as thorough as possible.  Whether you are buying a new home, refinancing your existing home, or considering an investment property, I can help.  Communication is key so feel free to contact me as early as possible in the process with any mortgage and real estate questions you may have.

Why do I believe I can help find a mortgage solution for you.

I have been a licenced mortgage agent with Capital Mortgages since 2008.  Also, I have been a licenced Realtor (real estate sales representative) since 2015.   So, I have significant experience and knowledge of the Real Estate industry, in the key areas of Mortgage Financing and buying and selling of property.  Prior to 2008 I worked several years as a forensic accountant. So I am comfortable working with people, their goals, and their financial information.

I am also committed to Putting YOUR Interest First.  So, I have a personal interest in finding a mortgage solution that works for you.

Feel free to contact me with any mortgage or real estate questions you or your family and friends may have.  I will be happy to help.

You can call me direct at 613-795-7775 or email me at

You can also Apply Now for a mortgage at  Just click on Apply Now and start your application.

Back to the business…As Your Independent Mortgage Agent, I’m working for you, not the banks. I do business with over 60 lenders. Traditional institutions are concerned with selling only their own mortgage products. Dealing with a multitude of lenders means that I always shop the market on your behalf to find the right mortgage to best meet your particular requirements. Whether it’s a residential or commercial loan, I have access to a wide range of services and products to ensure your mortgage needs are met precisely at the most competitive terms and confidentiality and privacy is always assured.

Not convinced yet? Check out my Google reviews! I want to be a part of your next mortgage experience, we’ll make it awesome, together! Clients and referrals WANTED. Thanks as always for choosing the Brads Mortgages team.

Why Should You Choose to Use a Mortgage Agent?

My role as a mortgage agent is to act on your behalf. I have your best interests in mind and will find the best mortgage for you. As an independent mortgage agent, I do not work for an individual institution nor am I mandated by any one lending institution. I have a long list of lenders to choose from. My goal is to get you the best possible mortgage that you qualify for through fast, professional, and personal service. From first-time home buyers to seasoned real estate investors, I will take the time to work with you through your individual situation.

I have been working as an agent since 2003 and I have funded over $275 million in mortgages and counting. I fund not only low interest rate mortgages for residential homes; I also fund many different types of properties in the marketplace. I also fund mortgages across the country should you choose to purchase out-of-province. Residential or commercial, there is a mortgage for you!

Why Choose Capital Mortgages?

I work as a mortgage agent with Capital Mortgages. Capital Mortgages is one of the largest and most notable Mortgage Brokerage Firms in Ottawa. Capital Mortgages was established in 1999 and is proud to have served thousands and thousands of clients representing over one billion dollars in total mortgage volume.

I save you money by sourcing the best products at the best rates – not only on your first mortgage but through every subsequent renewal.

So whether you’re buying a home, renewing your mortgage, refinancing, renovating, investing, or consolidating your debts — I’m the Mortgage Centre mortgage advisor who can help you get the right financing, from the right lender, at the right rate.

Cell: 613.818.1477

How to Improve Your Credit Score for a Better Mortgage Rate

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 borrower. A higher credit score can lead to a lower interest rate on your mortgage, while a lower credit score can result in a higher interest rate or even a denial of your mortgage application. If you are looking to improve your credit score in order to qualify for a better mortgage rate, here are five tips to help you get started:

1. Check your credit report and score

The first step in improving your credit score is to check your credit report and score. You can get a free copy of your credit report from each of the three major credit bureaus (Equifax, TransUnion, and Experian) once a year by visiting In addition, there are also various websites and apps that can provide you with a free credit score. By checking your credit report and score, you can identify any errors or mistakes that may be negatively impacting your credit score and take steps to correct them.

2. Use credit responsibly

Building a good credit score takes time, so it’s important to use credit responsibly from the start. This means only borrowing what you can afford to pay back, paying your bills on time, and not maxing out your credit cards. By using credit responsibly, you can establish a good credit history and improve your credit score over time.

3. Pay your bills on time

Payment history is one of the most important factors that contributes to your credit score. By paying your bills on time, you can demonstrate to lenders that you are responsible and reliable when it comes to paying your debts. Set up automatic payments or reminders to ensure that you don’t miss any due dates.

4. Reduce your credit card balances

Credit utilization is another important factor that affects your credit score. This is the ratio of your credit card balances to your credit limits. A higher credit utilization ratio can indicate to lenders that you are using a large percentage of your available credit, which can be seen as a risk. To improve your credit utilization ratio, try to pay down your credit card balances as much as possible and aim to keep your balances below 30% of your credit limits.

5. Don’t close old credit cards

If you have credit cards that you no longer use, it may be tempting to close them in order to simplify your finances. However, closing an old credit card can actually have a negative impact on your credit score. This is because the credit card’s age is a factor in your credit score, and a longer credit history can help improve your score. Instead of closing old credit cards, consider keeping them open and using them sparingly to maintain a good credit history.

6. Dispute errors on your credit report:

If you find errors on your credit report, it’s important to take action to correct them as soon as possible. Credit report errors can occur for a variety of reasons, and they can have a significant impact on your credit score. By disputing errors on your credit report, you can help ensure that your credit score reflects your true creditworthiness.

7. Monitor your credit regularly

It’s important to monitor your credit regularly to ensure that your credit score is accurate and up-to-date. In addition to checking your credit report and score once a year, you can also consider signing up for a credit

monitoring service or setting up alerts to notify you of any changes to your credit. By monitoring your credit regularly, you can stay on top of any potential issues or mistakes and take action to correct them.

8. Don’t apply for too many credit cards at once

Every time you apply for a credit card, it results in a hard inquiry on your credit report, which can temporarily lower your credit score. To avoid too many hard inquiries, try to limit your credit card applications to only when you really need them.

9. Consider a secured credit card

If you have a low credit score or a limited credit history, a secured credit card may be a good option. A secured credit card is a type of credit card that requires a deposit as collateral, which is used to secure the credit line. By using a secured credit card responsibly and paying your bills on time, you can build or improve your credit score.

In conclusion, improving your credit score can be a key factor in getting approved for a mortgage and securing a better interest rate. By checking your credit report and score, paying your bills on time, reducing your credit card balances, avoiding too many credit card applications, and considering a secured credit card, you can take steps to improve your credit score and increase your chances of getting approved for a mortgage.

If you are considering a mortgage and are looking for guidance and support in improving your credit score, contact Capital Mortgages today! Our team of experienced mortgage brokers can help you understand your credit score and provide you with tips and strategies for improving it. Don’t miss out on the opportunity to qualify for a better mortgage rate and achieve your dream of homeownership. Contact Capital Mortgages today and let us help you get started on the path to home ownership.


We here at Capital Mortgages in Ottawa look forward to assisting you with all your Ottawa mortgage needs. Contact us today by calling us at: 613-228-3888 or email us direct at:

You can use these links to APPLY NOW or CONTACT US.

You can also click here.

shopping for a construction loan

Shopping for a Construction Loan? Here’s What You Need to Know

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, they have different criteria than traditional mortgages and require more of a financial commitment from the borrower. If you’re considering getting a construction loan, it’s important to understand the types of loans available, the requirements to qualify, and the repayment process. Knowing the answers to these questions can help you make an informed decision and secure the best loan for your needs. Here’s what you need to know when shopping for a construction loan.

Types of construction loans

There are three main types of construction loans: partial, draw, and full. A partial construction loan is a loan that is completely paid out during the construction period, while a draw construction loan is partially prepaid. A full construction loan, however, is a loan in which no portion of the principal is paid out. The type of construction loan you get will depend on a few things, including the size of the project, the amount of equity you have in the property, and the lender. When shopping for a construction loan, be sure to ask about the different types and determine which one is best for your financial situation.

Qualifying for a construction loan

Since construction loans are generally smaller loans that last for a shorter amount of time, the lender expects a higher risk than with a standard mortgage. As such, the criteria are more stringent, and you will likely need a larger down payment and more equity in the property than with a traditional mortgage. Generally, a construction loan is reserved for borrowers who: Have some equity in the property. This shows that they are financially secure enough to be able to finish the project and repay the loan as promised. Have the financial ability to complete the project. This means they have a reliable way to pay for the materials and labor needed to finish the job. Have the patience to endure a longer process. While traditional mortgages generally only take a few weeks to complete, construction loans often take longer. The average completion time is around four months, so be prepared for some extra waiting.

Construction loan repayment

Because construction loans are short-term loans, you will only have to pay interest on the amount borrowed during the construction period. This means you will likely have to make a larger down payment than with a traditional mortgage. Most construction loan repayment terms last from three months to one year, but you can sometimes negotiate a longer repayment period. Make sure you have a plan in place to pay off the loan as promised, however. Otherwise, you could end up hurting your credit score. If you have trouble making payments, speak with your lender immediately. They may be able to extend your repayment period or offer other options that make it easier to keep up with the loan.

Credit score and income requirements

Generally, a construction loan has a lower credit score and income requirement than a traditional mortgage. You may be able to get a construction loan with a credit score as low as 600 and a relatively low income. However, your ability to repay the loan will be greatly impacted by these lower requirements. In fact, many lenders may deny you a construction loan if your credit score is too low. Credit score and income requirements will vary by lender, so it’s important to talk with a few different ones to get a sense of what you can qualify for.

Closing costs and fees

Construction loans have a lot of fees because they are short-term loans, which are riskier for the lender. As such, you will likely pay fees for an appraisal, title search, and inspections. You may also have to pay for a contractor’s inspection to make sure your contractor is building according to code and with quality construction materials. Be sure to talk with your lender about closing costs, and negotiate if you have the ability to do so. These fees can be added to the loan to make it more profitable for the lender. They might also come in the form of a higher interest rate on the loan, which will make it even harder to pay off.

Applying for a construction loan

Before you apply for a construction loan, be sure you have a plan in place to pay off the loan. You can’t just apply for a construction loan and then decide what you are going to build. You need to know exactly how much you need and have a detailed plan on how to get it done. You’ll also need to have contractor bids and a construction timeline in place. This will help the lender determine how much they’ll lend you and for how long. You may also need to have financing for the materials and equipment needed for the construction project. Be sure to apply for a construction loan as soon as possible. The lender may require that you have financing in place before you break ground, so don’t put it off.

Differentiating between lenders

When shopping for a construction loan, compare the lenders’ terms and options to find the best one for your needs. There are many lenders available for construction loans, and each one has different terms and conditions. You can compare several construction loan lenders by looking at their rates, fees, and terms. It’s also important to consider the lender’s reputation, as you may want to work with someone you trust and respect. It’s also important to consider how the lender can help you. For example, you may want to work with a lender that can provide assistance with your contractor’s permit or inspections.

Working with a loan officer

During the process of applying for a construction loan, you may want to work with a loan officer. Loan officers are the people who work directly for a lender. They can help you determine what type of loan is best for your situation and walk you through the process of applying for one. They can also help you find a lender, compare rates, and negotiate a better deal with existing lenders. Loan officers work on commission, which means they get paid more when you get more. They also have access to a wider variety of lenders than you do as a borrower. This means they can get you better rates, terms, and deals than you’ll find on your own. Loan officers also know the ins and outs of construction loans, so they can help you navigate the process and get your loan approved. If a loan officer makes promises that seem too good to be true, it’s probably because they are. It’s best to work with someone who is straightforward and honest about the process and what you can expect.

Questions to ask the lender

Before you sign on the dotted line, make sure you understand the terms of the loan. This way, you can make an informed decision and know exactly what you’re getting into. Some suggestions for questions to ask the lender include: What is the total amount of the loan? What is the term of the loan? How much is the monthly payment? How much is the origination fee? Will you charge a prepayment penalty? What are the interest rates? Are there any other fees? What is the lender’s rating and reputation? These questions will give you a better idea of the loan terms, and they may help you identify the best lender for your needs.

We here at Capital Mortgages in Ottawa look forward to assisting you with all your Ottawa mortgage needs. Contact us today by calling us at: 613-228-3888 or email us direct at:

You can use these links to APPLY NOW or CONTACT US.

You can also click here.

Should You Renovate or Relocate Your Home

Should You Renovate or Relocate Your Home? What To Consider Before Making a Decision!

Do you feel like your house has lost its charm and looks old and outdated? If so, it’s time to consider either renovating your home or finding a new place to live. Both of these options can be overwhelming and require significant time, effort and money. However, with the right planning and advice, you can make the right choice for you and your family. Here are some things to think about when deciding whether to renovate or relocate your home:

Decide what you want to change about your home

If you’re planning on renovating your home, start by deciding what you want to change. Are you looking to add more space to your home? Do you want to change the layout? Do you want to add a new bathroom or kitchen? How much you’re able to change your home will depend on the type of renovation you’re doing. For example, if you’re looking to build a new addition to your home, you’ll be able to do whatever you want with the design and layout. However, if you’re looking to remodel your kitchen, you’ll have a lot less freedom. You’ll need to work within the existing layout of your home and the types of materials used in the construction.

Consider how much you’re willing to spend

As with any major project, you’ll need to consider how much it’ll cost. You’ll need to factor in costs like the price of materials and contractors’ rates. You’ll also need to consider the cost of moving if you’re looking to relocate. Where you live will also have an impact on how much it’ll cost to renovate or relocate your home. For example, it will cost significantly more to renovate or relocate in a major city than it will in a small town. Whatever you decide to do, it’s important to have a realistic budget in mind so you don’t end up spending more than you can afford.

Think about where you’d like to live instead

Before you consider renovating or relocating your home, you should think about where you’d like to live instead. You need to consider factors like the quality of the neighborhood, your commute to work and the local school system. It’s important to find a place that is right for your family. If you’re planning on relocating, you’ll need to do some research to find places that might be right for you.

Find out how much renovating will cost

There are many factors that will impact the cost of renovating your home. Some of these include the type of renovation you’re doing, the materials you’re using and whether you need to hire contractors. If you’re doing a small renovation like adding a new bathroom or updating the kitchen, you could do it yourself or hire a contractor for a fairly reasonable price. However, if you’re doing a major renovation like adding a new floor or building an addition, it’s going to cost a lot more.

Discover the pros and cons of relocating

If you’re considering relocating, you should first explore the pros and cons of this decision. Some of the pros of relocating include:

– You’ll have more choice as to where you live: If you’re looking to relocate, you’ll have a lot more choice as to where you’d like to live.

– You may be able to find a larger home at a lower cost: If you’re looking to relocate, you’ll likely be able to find a larger home at a lower cost than if you’re renovating.

– You can avoid the hassle of a major renovation: If you’re planning to move, you won’t have to deal with the hassle of a major renovation.

The Bottom Line

When deciding whether to renovate or relocate your home, it’s important to consider all of your options. This will help you make the best decision for you and your family. Remember, it’s important to consider factors like the cost of renovations and the cost of moving as well.

We here at Capital Mortgages in Ottawa look forward to assisting you with all your Ottawa mortgage refinancing needs. Contact us today by calling us at: 613-228-3888 or email us direct at:

You can use these links to APPLY NOW or CONTACT US.

You can also click here.

Tips for Buying a Home in Ottawa with Capital Mortgages

Buying a Home in Ottawa Tips

Tips for Buying a Home in Ottawa: What to Consider and How to Prepare

Capital Mortgages in Ottawa. We understand that today’s consumer is looking for optimum mortgages with minimum inconvenience, lower borrowing costs, sustainable peace of mind, and increased personal wealth by becoming mortgage free sooner. Let us help you with buying a home in the Ottawa area.

What to Consider when Buying a Home in Ottawa

Before buying a home, do some research, make a plan, and research the area.  In order to successfully buy a home in Ottawa, first consider what kind of home you want to buy. Different home types exist, from townhouses to detached homes, to condo apartments.

Investigate what all of these home types have in common, and the things you want to take into consideration when purchasing any of these home types. For example, many homes in Ottawa are attached to garages, and the location of the garage is not always the highest consideration in the purchase of a home, but it is vital to finding a home that suits your needs.

While selecting a home, many considerations come into play: location, home size, home style, monthly payments, number of bedrooms, and number of bathrooms.

How to Prepare for Buying a Home in Ottawa

You will find that buying a home in Ottawa is a complex process – like a building process, purchasing a home is a commitment. So, it’s very important to learn about the process from different perspectives and to be well-informed before making the final purchase.

Know what you are looking for, be realistic about your budget, and prepare to put together the documentation required before you commit to the purchase.  The above factors are vital to become a successful homebuyer in Ottawa and will ensure that you are giving yourself the best possible chance to purchase a property that is a good fit.

Getting the Lowdown on Ottawa. Buying a house is one of the most exhilarating feelings that you can ever have.

What to Consider when Buying a Home in Ottawa

Know the Difference Between a Buyer’s Market & a Tight Market. When purchasing a home in a strong real estate market, there is increased demand, higher prices and an increased number of buyers who can qualify. In a tight real estate market, it is very difficult to secure a mortgage and the competition is especially fierce. Sellers in a tight market will negotiate hard for a much higher selling price because there is a surplus of buyers willing to pay over asking price.

However, the opposite is true in a seller’s market. Factors to Consider when Buying a Home in Ottawa. Your income is relatively stable. If you aren’t sure if you have enough money to cover the down payment, keep an eye on your bank statements or income tax returns.


We believe Ottawa will continue to attract successful people from all over the world, including highly educated professionals and highly skilled workers. More and more people are taking advantage of our educated workforce to live here, raising their families, buying homes, and investing. Ottawa’s transit system, in combination with amenities like our green spaces, trails, bike lanes and great amenities like schools, shopping, dining and entertainment, attract people to the Ottawa area.

Our area is also one of the best places to get away in the summer. It is perfect for camping, water sports, walking and outdoor activities.  Most people’s taxes are still among the lowest in Canada.


Our mortgage experts understand that the value of a home often depends on the surrounding neighbourhood. This is one of the main reasons why the Federal Government introduced the National Housing Strategy that will support over 500,000 affordable housing units and repair and build 400,000 more over the next 10 years. At Capital Mortgages, we are ready to act now to provide mortgage financing to home buyers within our area.  Things to Consider Before Buying a Home in Ottawa.  With that being said, let’s explore some of the factors to consider before purchasing a home in Ottawa.

Proximity to schools

Since we are located right in the heart of Ottawa, we have the benefit of having many elementary schools right on our doorstep for the kindergarten to grade 12 classes. That said, there are also many private and other good quality high schools in close proximity for students that have aspirations to go to university. Some private schools are in downtown Ottawa as well.

However, there are many parents who opt to enroll their child in our extremely good local public school system and they feel confident that they will have good teachers, access to a good arts curriculum, and other benefits.  Vacation time.  We can also recommend travelling to a lot of vacation spots in the Ottawa area and other parts of Canada.

Proximity to work

When you’re not working, you’re probably travelling to and from your place of work (either by foot or public transportation), meaning you’re not paying for parking.  Finance a home in a more affordable area? Better still, is it near your place of employment, allowing you to make the most of your monthly wages?

This can save you lots of money every month, while offering additional peace of mind knowing that your payments are being made efficiently.  You may be tempted to go for a location close to Ottawa’s downtown core (such as Orléans or Kanata), but that’s not always the smartest move. Many believe the money you’ll save at the outset will allow you to make an investment into a better home for future growth. However, consider your time cost.

Style of home

Whether you buy a new build or a resale, the style of home you select to live in has a strong influence on what you are able to purchase. The age of the home itself can also be a factor in the cost of a mortgage. A number of old homes in the downtown core are becoming available to buy, and for the right buyer the homes may well be relatively inexpensive.  Budget for a house you can live in.  You should budget for a house that you can easily fit your family in, but not so large that the mortgage is unaffordable.  Cash Flow.  Prepare your financial affairs to accommodate your needs for an affordable mortgage. For example, if you already have a rental property, perhaps you have another source of income.

How to Prepare for Buying a Home in Ottawa.

Choose a Mortgage Advisor.

Get your Credit Score

Obtain your Financial Records

Meet with a Mortgage Broker here at Capital Mortgages


We here at Capital Mortgages look forward to assisting you with Ottawa mortgage needs. Contact us today by calling us at: 613-228-3888 or email us direct at:

You can use these links to APPLY NOW or CONTACT US.

You can also click here.

Capital Mortgages specializes as a service-oriented brokerage that prides itself on integrity and maintaining a service level second to none in the industry.

Five Questions You MUST Ask Your Mortgage Broker

As you navigate through the process of applying for a mortgage, you are going to encounter a multitude of steps, paperwork, and challenges along the way. Just when it seems like everything finally makes sense, boom – you come across a hidden charge, surprise component, or another tidbit of information that you had no idea would be involved in the process. To simplify things and gain a broader understanding of the journey you are about to embark on, here are five questions you should definitely be asking your mortgage broker.


What Types of Lenders are Available to You?


All lenders are not equal! Your mortgage broker will work with you to determine your overall financial situation before recommending a suitable lender based on your needs and constraints. They will do a great job of ensuring that you are opting for the least amount of risk and selecting a financial institution that’s right for you – which is probably not the same as it would be for your best friend or your neighbor. 


What Should I Keep In Mind For The Future?


In the immediate excitement of purchasing a home, many people can forget to consider what may be in store for the future. An amount you are able to afford today might not necessarily be the right choice for your future, given that you might soon become a parent or change jobs. Even if you are not planning to make any impending lifestyle changes, your mortgage broker will be able to explain rising interest rates to you and incorporate these variable future factors into their negotiations with your lender.


Which Interest Rate Do I Qualify For?


Your mortgage loan is one thing, but the interest on top of it is a completely different element to consider. The interest rate that you qualify for is dependent on your down payment amount, credit, and employment income. Ask your mortgage broker to explain which rate you qualify for, as this can impact you in two ways. For one, you will end up saving thousands of dollars in the long run if you qualify for a low-interest rate. However, if your rate is higher, your loan will be more expensive to pay back and could potentially become troublesome for you to manage financially. 


How Much Should My Down Payment Be?


Many people mistakenly assume that if they put a 20% down payment on their home, their mortgage’s interest rate will automatically be lower. However, this isn’t always the case. You can often put down as little as 5 percent and receive the same interest rate as you would if you put down 10, 15, 20 or even more. High ratio insured rates are currently lower than that of a 20% down payment. Your mortgage broker can shed more light on how much cash you should put down, which can be especially helpful if you are worried about cash flow throughout the purchase of your home and impending changes to your lifestyle.


Which Type Of Mortgage Should I Consider?


There are two types of mortgage interest rates: fixed and variable. Depending on your preferences and tolerance for risk, your broker will recommend that you either opt for a rate that doesn’t fluctuate or one that changes according to market trends. 

While these questions are simply just the tip of the iceberg when it comes to what you should be asking your mortgage broker, they’ll provide a solid foundation for getting started. Don’t forget to also factor in that there are several associated costs with applying for a mortgage – such as appraisals, credit reports, lender’s title policies, pest inspection reports, recording fees, taxes and more! Give Capital Mortgages a call today and we’d be happy to explain further.

Capital Mortgages specializes as a service-oriented brokerage that prides itself on integrity and maintaining a service level second to none in the industry.

What is a Purchase Plus Improvement Mortgage?

When you are preparing to purchase a new home, you will be introduced to plenty of new jargon related to your mortgage. Purchase Plus Improvement is one of the important ones – because understanding this term could end up saving you lots of money in the long run.  

Are you interested in purchasing a new home that requires renovations? Do you intend to do those renovations? Are these renovations capable of truly transforming the structure of your home (i.e. a new kitchen, bathroom, roof, flooring, windows or doors)? Do you need access to funds to complete those renovations right now? If you answered yes to any of these questions, then perhaps a Purchase Plus Improvement Mortgage is for you.  


How it Works: 

If you are certain that you will be fronting the bill for some home renovations in the new home you are purchasing, you can actually roll all of those dreaded renovation costs directly into your mortgage. The CMHC Purchase Plus Improvement Mortgage enables buyers to borrow as much as 10% of the estimated value of their home, post-renovation. If you believe you can renovate and improve the value of your home by $30,000, then you will be considered for a mortgage approval that tacks that amount onto your initial pre-approved mortgage amount. That means that all of those expenses are held and managed in one place.  

  • First off, you must outline what renovations are required and the estimated cost of these renovations. 
  • Next, you submit your mortgage application on the house as it currently is, and receive a pre-approval from your mortgage broker.  
  • Now is the hard work – you have to go and get specific quotes (with the exact renovation work that will be done).  
  • Present these quotes to your mortgage broker and your mortgage will be reassessed to include the cost of the quoted renovations. 
  • Now you have your new home and renovations can get underway immediately by a professional contractor or, yourself (but only material costs, not your labour, would be covered)! Do not go over the allotted maximum amount you were approved for. 
  • To confirm the completion of the renovations, a bank representative / appraiser will visit your home and cross reference the work with your initial documents.  
  • Your renovation funds will be released. 



Here is a real-life example of a purchase plus improvement mortgage situation after a 5% down payment is paid (which includes the renovation cost):

Home Purchase Cost: $350,000 

Cost of Renovations: $35,000 

Revised Purchase Price: $385,000 

Mortgage Amount: $365,750  

CMHC: $13,167 

Total Mortgage Amount: $378,917 

It is without a doubt that this Purchase Plus improvement Mortgage is the most effective and affordable way to finance big home renovations. If you are interested in learning more about this mortgage option, contact our team at Capital Mortgages today for more information. 


Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

How to Choose a Mortgage Broker

Mortgage brokers are independent, trained professionals licensed to represent you and provide you with honest unbiased mortgage advice. Due to their experience and connections within the mortgage industry, mortgage brokers have the knowledge required to present a proposal for financing to lenders in the best way possible to successfully obtain mortgage financing. Your mortgage broker represents you, not the mortgage lender, and will shop the market to help you secure the most favourable financing suited to your individual needs. This will save you both time and money! Here are some tips on how to choose a mortgage broker:


Start your search

Before meeting with a mortgage broker, do some research. Go online and search different websites for brokers in your area, ask friends and family for referrals, and check social media accounts to see which brokers are most active. You can also check the directory of licensed mortgage professionals on the Financial Services Commission of Ontario’s website to see which brokers are listed.


Set up a meeting

The best way for you to get a feel for a mortgage broker, and to see whether they’d be a good fit for you, is to meet them in person. This way, you have the opportunity to ask questions that pertain to your specific circumstances and to see if the broker is attentive to your needs and wants. At Capital Mortgages we place a strong focus on great solutions, compassionate service, and honest ethics, to form a reliable genuine working relationship with you.


Ask questions

When you meet with a mortgage broker for the first time, you should feel confident asking them questions about how they do business and how they can best help you. Asking questions will enable you to make the most informed decision about your financial future. You could start by asking how the application process works, and inquire about the different lenders they work with and why they have chosen to work with them.


Check references

Finally, you will want to check references to make sure that previous clients were satisfied with the service they received. You can look at social media pages, Google reviews, and the company website to read client testimonials and reviews. We have a number of testimonials on our website and Facebook page that you may read to give you a good idea of the high-level of service we provide to every client.


At Capital Mortgages, our mandate is to offer the best financing products available for all your mortgage needs. Ready to set up an appointment with one of our experienced mortgage brokers or agents? Contact us today!

Capital Mortgages specializes as a service-oriented brokerage that prides itself on integrity and maintaining a service level second to none in the industry.

How to Become Mortgage-Free Faster

If you have recently bought your first home — congratulations! It is a milestone worth celebrating and one that may have been a number of years in the making while you saved up your down payment and searched for the perfect place. Now that you are settled in your home, your mind may have wandered back to your finances and the monthly mortgage payments that you have committed to. Looking to become mortgage-free faster? There are benefits to paying off your mortgage off quicker, with the main one being that you will pay less interest in the long run. Take a look at our expert tips below:


Accelerate your payments

You are currently likely making monthly mortgage payments. However, if you switch to a bi-weekly schedule, you could pay down your mortgage faster while incurring less interest and also shortening your amortization period. With monthly payments, you are making 12 payments per year. On an accelerated bi-weekly payment schedule you would be making the equivalent of 13 full-size payments per year. This may not seem like a lot but it will certainly help you to pay off your loan earlier.


Increase your payments

Once you have been living in your home for a while and have a good handle on your monthly finances, you may find that you have some additional cash per month that you would like to contribute to your mortgage. Increasing your regular payments, even by $50 a month, will help you pay down your mortgage that much quicker. Make sure to discuss this option with your mortgage broker. Your mortgage may have restrictions on when you can make changes and how much you can raise your payments by.


Make additional payments

Though your mortgage payments are often fixed, you may be able to make additional payments towards your principal. For instance, when you come into larger sums of money, such as a work bonus or inheritance. This would depend on the nature of your mortgage and the prepayment privileges. By making additional lump-sum payments to your mortgage, you will be able to pay it down quicker and shorten the amortization period.


Shorten your amortization schedule

The amortization schedule of your mortgage is the time frame in which you have to pay the entire amount of the financing based on a set of fixed payments. Often the amortization period is set at 25 years, but shorter schedules are available depending on qualifications and your desire to do so. A shorter period means that your payments would be higher over that term, but your interest will be less.


The most important thing to remember is not to overstretch yourself financially, and to only commit to payments that you are able to make. Talk to your Capital Mortgages broker or agent to discuss your current financial situation and your future financial plans, to determine what is best for you long term and how you might be able to become mortgage free-faster.


Capital Mortgages specializes as a service-oriented brokerage that prides itself on integrity and maintaining a service level second to none in the industry.

5 First-Time Homebuyer Mistakes and How to Avoid Them

Congratulations! You’ve decided to take the plunge into homeownership and purchase your first home. Now, you have all the excitement of house-hunting and finding your perfect home to look forward to! However, there are some bumps you may encounter along the way if you aren’t properly prepared for them. To help you, here are 5 first-time homebuyer mistakes and how to avoid them:


Not doing your homework

Purchasing your first home is a huge step and not one to be made in a hurry. Make sure that you do your homework by researching different neighbourhoods and considering which are most suited to your needs now, as well as 5 or 10 years in the future. Things to consider include walkability, green space, nearby schools, and whether or not the city has any upcoming plans for development.


Maxing out your budget

It can be easy to get swept up into the excitement of house-hunting and to start looking at homes that are in the top-end, or even above, your budget. One of the best things you can do before you begin to look at homes is to obtain mortgage pre-approval. With mortgage pre-approval, not only will you demonstrate to sellers that you are a committed buyer, but you will know exactly how much you can afford and what your monthly mortgage payments will be.


Not taking other costs into account

There are more costs to take into consideration than simply your monthly mortgage payments. By purchasing a home you are also committing to pay utilities, insurance, maintenance, possible condo fees and property tax. A good way to gain an accurate idea of what costs you can expect is to ask your realtor. You should also factor closing costs, such as legal fees, property tax adjustments and the land transfer tax, into your final numbers.


Skipping the home inspection

A home inspection is vital in ensuring you know exactly what you’re getting in terms of the current state of your home. A professional home inspector will look carefully at your home’s foundations, windows and roof, and will tell you if there is any water damage, mould, or structural issues that you need to address. If possible, include a home inspection as part of your conditional offer.


Making assumptions

You think the previous owners are leaving behind their appliances, only to arrive on move in day to find they have taken them with them and you are now left to replace a costly washing machine and dryer. If you think the previous owners may leave items behind, or if you have even discussed this with them — make sure to get it in writing. Items such as window treatments, lighting fixtures, and appliances are most often left behind but just make sure you clarify first exactly what you’re getting without making an assumptions.


Feeling overwhelmed? Let our team guide you through the homebuying process with ease. Capital Mortgages offers step-by-step personal assistance from knowledgeable mortgage brokers and an easy online application process. We’ll be by your side each step of the way, from helping you understand your options and what to expect, to mortgage pre-approval, and all the way through finalizing your mortgage and the purchase of your home.


Ready to talk? We’d love to help!

Reach out to us by phone at 613-228-3888 or by email at


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Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

Making the Most of Your Mortgage Broker

Your relationship with your mortgage broker does not just cover the purchasing of your first home. If you have a good relationship with your mortgage broker, it should exist for the entirety of your adult home-buying life. Purchasing a home can be an overwhelming and confusing experience, and your mortgage broker can be one of your greatest allies in this process. Most mortgages will be up for renewal two or three times during their total term, so there will be plenty of opportunities for you to touch base with your mortgage broker, look at the best current interest rates, and reassess your current financial situation. Here are some ways in which you can make the most of your mortgage broker by forming a strong trustworthy business relationship with them:


Be honest

Your mortgage broker can only help you secure the best mortgage for your specific needs if you are completely honest with them about your financial situation. Make sure that you provide your mortgage broker with all of the facts at the very first meeting, otherwise it will just be time wasted further down the road when it all comes out during your application.


Keep them updated

Over time, your life goals and plans can change. It is worth keeping your mortgage broker updated of any change in your long-term plans, such as your plans to move to a different city, buy an investment property, or downsize. By knowing this information, your mortgage broker will be able to make the best and most accurate suggestions to achieve your short- and long-term financial goals.



If you’re happy with your mortgage broker, the best way to show them your appreciation is to refer them to a friend or family member! You can feel confident that your friend or family member is getting the best mortgage advice and be happy in the fact that you helped your mortgage broker gain a new longtime client.


Having a good relationship with your mortgage broker will only benefit you in the long-term. At Capital Mortgages, our goal is to be your personal mortgage broker for life. We offer as many in-person meetings, phone communications or emails as required so that all your needs are met. Mortgage solutions are not one-size-fits-all scenarios. We get it right, for you! Contact us today to get started.


Capital Mortgages specializes as a service-oriented brokerage that prides itself on integrity and maintaining a service level second to none in the industry.

What is Mortgage Default Insurance and Do I Need it?

The mortgage world can be a tricky one to enter. As interest rates keep fluctuating and qualifying rules keep changing, you can be left feeling thoroughly confused and overwhelmed. Don’t worry! Our expert team of Capital Mortgages agents and brokers are here to help. Have you heard the term ‘mortgage default insurance’ and are not sure if it applies to you? To clear things up, here is some information to better explain the point of mortgage default insurance and when you may need to pay it:


What is mortgage default insurance?

Mortgage default insurance is coverage provided to a lender that protects them in the case that a borrower stops making payments and defaults on their mortgage. Like any other insurance, mortgage default insurance requires additional premium payments. The premium amount will vary depending how much of the purchase price is being financed by the mortgage. Your mortgage insurance premium is usually added to your mortgage amount and paid off over the life of your loan. However, you do also have the option of paying the premium upfront from your own resources.


Do I have to pay mortgage default insurance?

In Canada, the minimum down payment you can put towards a home is 5 per cent. Any down payments between 5 and 19.99 per cent require mortgage default insurance. By protecting lenders against borrower default, mortgage default insurance offers homebuyers in Canada the ability to purchase property that would otherwise be financially out of reach. Mortgage default insurance is not available on all property types and amounts. A member of our Capital Mortgages team would be happy to help you navigate this issue.


How can I minimize my mortgage default insurance amount?

As the borrower, it benefits you to pay more money upfront: the greater the down payment, the smaller your mortgage and, in turn, the lesser your premium. Your down payment must come from your own cash resources. Financial gifts from an immediate family member are also allowable. If you are a first-time homebuyer, you may be eligible under the Home Buyers’ Plan to draw from your RRSP. Your mortgage broker will be able to discuss these options with you to help you determine which is best suited to your needs.


Are you still confused about mortgage default insurance and whether or not you need to pay it? We can help! Connect with one of our Capital Mortgages agents today and we will provide you with clear and concise advice, helping you to find the perfect mortgage solution to fit your needs.


Capital Mortgages specializes as a service-oriented brokerage that prides itself on integrity and maintaining a service level second to none in the industry.

4 Mortgage Pitfalls to Avoid as a First-Time Homebuyer

There are a lots of different factors to consider when purchasing your first home, such as which neighbourhood to buy in, what type of home you can afford, and securing the right type of financing. It is easy to get swept up in the excitement of making your first home purchase however, there are many mistakes to be made if you aren’t careful. Here are 4 mortgage pitfalls Capital Mortgages can help you avoid as a first-time homebuyer:


1) Not Getting Pre-Approved

Mortgage pre-approval should be your first point of call as a first-time homebuyer. Not only will a mortgage pre-approval help you understand your upper loan limit and the amount and type of loan you can afford, but it is the perfect time to discuss with your Capital Mortgages broker the whole process of purchasing your first home and arranging the mortgage best suited for you.


2) Taking On More Than You Can Afford

It’s normal to want to buy the biggest home you can afford, however, this may not be the wisest move. A larger home means larger mortgage payments, but it also means more expensive home ownership costs, such as property taxes, maintenance fees, and utility bills. Before purchasing a home, you should take all these costs into consideration and avoid taking on more than you need, even if it is affordable.


3) Longer Amortization Period

Your mortgage amortization period is the number of years you will need to pay off your mortgage. It is an important decision that can affect how much interest you pay over the life of your mortgage. The most common amortization period is 25 years, but you can choose a shorter or, if uninsured, a longer period of 30 years. A longer period means that your monthly mortgage payments will be lower, but it will take you that much longer to be mortgage-free. More interest will be paid over the life of the mortgage and you will build the equity in your home at a slower pace. It is also worth noting that if you choose an amortization over 25 years, you must have a down payment of at least 20%.


4) Not Reading the Fine Print

When applying for a mortgage, it is in your best interest to understand all the terms and conditions that apply to you and be clear in what you are committing to. Your Capital Mortgages broker will be able to go through all documentation with you, step-by-step, and clearly explain anything that you do not understand.


We understand that purchasing your first home can be an overwhelming and intimidating experience. With over 20 years experience in the mortgage industry, the team at Capital Mortgages has the necessary knowledge to help guide you effortlessly through finding your first mortgage and beyond. Contact us today to get started!


Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

The Most Romantic Things to Do in Ottawa this Valentine’s Day

It’s almost February, and you know what that means — Valentine’s Day is just around the corner. Whether you like to shower your loved one with gifts or prefer a more low-key celebration, there are lots of romantic places in Ottawa to visit on this special day. Here are a few of our top suggestions of what to do in Ottawa this Valentine’s Day:


Go for a skate on the canal

Choose a mild winter evening to go for a romantic skate on the ice with your loved one. Hold hands and cuddle together for warmth as you travel along the longest ice skating rink in the world, right through the heart of the city. End your evening with a hot chocolate and a Beavertail, surrounded by the twinkling lights of downtown Ottawa.


Enjoy a spa day

Treat your partner to some well-deserved pampering at one of the wonderful spas in the Ottawa-Gatineau region. Our favourites are Le Nordik in Chelsea and the Amerispa in Cantley! Take the time to relax, reconnect and enjoy one another’s company.


See a show at the NAC

Does your loved one adore the theatre? Take them to enjoy a show at the newly-renovated National Arts Centre. The NAC hosts the best music, dance, and theatre shows in the country, with plenty to choose from! With the NAC’s prime downtown location, you can enjoy a stunning pre- or post-show meal at one of Ottawa’s top restaurants, such as Riviera on Sparks Street or e18hteen in the Byward Market.


Take a cooking class together

Do you and your partner enjoy eating out? Learn how to treat yourselves to restaurant-quality meals in the comfort of your own home by taking a cooking class. The Urban Element has a variety of impressive cooking classes to choose from hosted by some of Ottawa’s top chefs. Whether you’d like to try Moroccan or Mediterranean cuisine, or simply learn some cooking fundamentals, The Urban Element has something for everyone.


Dinner and drinks with a view

One of Ottawa’s hottest new drinks spots is the rooftop bar at the Andaz Ottawa in the Byward Market. Head up to Copper Spirits & Sights on the 16th floor to enjoy unparalleled sights of the beautiful city of Ottawa, while enjoying a classic cocktail. The hotel’s restaurant, Feast + Revel, boasts innovative and sophisticated Canadian cuisine guaranteed to tantalize your taste buds.


However you are celebrating this Valentine’s Day, we hope you enjoy yourselves! Are you and your loved one looking to secure a mortgage? At Capital Mortgages, we work to deliver unbiased mortgage advice from a vast choice of mortgage options with dozens of different lenders, saving you both time and money. Contact us today to get started!


Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

10 Mortgage Terms Every First-Time Homebuyer Should Know

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 Mortgages have gathered together the top ten mortgage terms that every first-time homebuyer should know:


Amortization Period

The mortgage amortization period is the number of years it takes to repay the entire amount of the financing based on a set of fixed payments. Historically, the standard amortization period has been 25 years. However, shorter and, in some cases, longer time frames may be available depending on the amount of down payment you have available.


Mortgage Term

Not to be confused with the mortgage amortization period, the mortgage term describes the period of time your mortgage financing agreement covers. After the mortgage term has ended, you will have the choice to repay the remainder of the loan in full or renegotiate a new mortgage at current interest rates. The terms available are six months, or one, two, three, four, five, six, seven, and ten year terms, with the interest rates fixed for whichever length of term you choose.


Down Payment

When buying a home in Canada, a minimum down payment of 5 per cent of the purchase property value is required. In addition to the down payment, you must also be able to show that you have the capacity to cover other closing costs such as the legal fees and disbursements, appraisal fees and a survey certificate. At least 5 per cent of the down payment must be from your own cash resources and not a borrowed amount from a financial institution.



The principal describes the original amount borrowed in your mortgage loan, before interest. As you make regular mortgage payments, this number will decrease.


Gross Debt Service Ratio (GDS)

This is one of the mathematical calculations used by lenders to determine a borrower’s capacity to repay a mortgage. It takes into account the mortgage payments, property taxes, approximate heating costs, and a percentage of any condo maintenance fees, and this sum is then divided by the gross income of the applicants.  Maximum ratios based on your credit history range between 32 per cent and can go as high as 39 per cent.


Total Debt Service (TDS) Ratio

This is the other mathematical calculation used by lenders to determine a borrower’s capacity to repay a mortgage. It takes into account the mortgage payments, property taxes, approximate heating costs, and a percentage of any condo maintenance fees, and any other monthly obligations (i.e. personal loans, car payments, lines of credit, credit card debts, other mortgages, etc.) This sum is then divided by the gross income of the applicants. Ratios up to 40 per cent are acceptable.


Fixed Rate Mortgage

The interest rate for a fixed rate mortgage is locked in for the term of the mortgage. Payments are set in advance for the term, providing you with the security of knowing precisely how much your payments will be throughout the entire term. Fixed rate mortgages can be open (may be paid off at any time without breakage costs) or closed (breakage costs apply if paid off prior to maturity).


Variable Rate Mortgage

With a variable rate mortgage, mortgage payments and interest rates may fluctuate up and down during the term. Regarding variable rate mortgages with a fixed payment: if interest rates go down, more of the payment is applied to reduce the principal. If rates go up, more of the payment is applied to payment of interest. For variable rate mortgages with a variable payment: if interest rates go down, the payment goes down. If rates go up, the payment goes up. Variable rate mortgages may be open or closed. A variable rate mortgage provides you with the flexibility to take advantage of falling interest rates and to convert to a fixed rate mortgage at any time.


Conventional Mortgage

A mortgage up to 80 per cent of the purchase price or the value of the property. A mortgage exceeding 80 per cent is referred to as a “High-Ratio” mortgage and the lender will require insurance for that mortgage.


High-Ratio Mortgage

A mortgage that exceeds 80 per cent of the purchase price or appraised value of the property. This type of mortgage requires mortgage default insurance.


If you are still a little confused, or would prefer to talk to someone in person about securing your first mortgage, then do not hesitate to reach out to our team! With 20 years of experience in the mortgage business, we have the expert knowledge required to guide you effortlessly through getting your first mortgage and beyond.


Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

7 Financial New Year’s Resolutions for 2019

The beginning of every new year presents a blank page — a fresh start which offers you the chance to begin the year on the best foot. If you hope to become more financially savvy in 2019, then take a look at these top financial resolutions to help you save better and spend smarter in the new year:


Do an audit of last year’s spending

The best way to formulate an effective financial plan and to stick to it, is to know your spending habits. Do an audit of your spending and financial habits over the previous year. What were you spending the most amount of money on? Were all the purchases necessary? Identify any financial mistakes and make sure not to make them again.


Identify your financial goals and set a budget

Armed with the knowledge from your personal audit, decide on your financial goals for the years and set yourself a realistic monthly budget. Are you saving up for a down payment or a vacation? Perhaps you want to help your child pay for their education. Whatever your goals, be specific. Know how much money you need to save and budget accordingly. Whether you use a personal finance app, a spreadsheet, or a trusty notebook, track all your monthly outgoings and make sure you’re staying within your arranged budget.


Automate better financial habits

To get yourself started on a more secure financial path, start by automating some better money habits. For instance, set up a direct debit to send money directly into your savings account after you get paid every month. If you have debts to pay off, calculate those in your budget and automate those monthly payments too.


Commit to ‘no-spend’ days

One day a month, or even one day a week if you’re feeling ambitious, commit to having a ‘no-spend’ day where you don’t get your wallet out for any reason. Cook at home, watch a movie with your family, and don’t make any purchases. Think outside the box and find free activities to enjoy. You’ll feel all the better for it!


Cut back on bad money habits

What did you notice after looking back over last year’s finances? Perhaps you spent too much money on fancy coffee, or went shopping for new clothes too often. By recognizing your bad money habits, you can make more of an effort in the future to curb them.


Connect your resolutions

Bad habits can be hard to break and good ones difficult to form. To make things go a little smoother, try connecting your new year’s resolutions until the become second nature. Planning to get fit and exercise in the new year? For every successful workout you do, put $5 into your savings account. Seeing the money stack up will incentivize you to keep heading to the gym. Miss a workout? You have to pay $5 to a family member or friend instead.


Listen to a personal finance podcast or read a book

Knowledge is power and the more knowledge you have about your personal finances, the more power you will have to make smarter financial decisions. There are a huge number of personal finance podcasts available, whether your interest is in investing, frugality, or paying off debt. IF you’re not a podcast listener, pick up a book instead.


Looking to secure a mortgage in the new year? Capital Mortgages has been serving the community since 1999 with over 4 billion dollars in mortgages placed. We work to deliver unbiased mortgage advice from a vast choice of mortgage options with dozens of different lenders. For you, this means saving both time and money. Do not hesitate to contact us today!

Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

The Best Holiday Gifts for New Homeowners

It’s that time of year again! The holiday season is upon us. No doubt you have a long list of gifts to buy for all the important people in your life. If some of those people are new homeowners, they will likely be looking forward to spending their first Christmas in their new home. To commemorate this important milestone, here are some extra special gift ideas for new homeowners:


Key Holder

What’s one of the most frustrating things about being a homeowner? Losing your keys! Ensure this never happens by gifting the new homeowner with a stylish key holder that will take pride of place in their entryway.


New Home Christmas Ornament

Give the gift of a happy reminder that will be brought out year after year to adorn the Christmas tree! A personalized ‘new home’ ornament is the perfect way for the new homeowner in your life to always look back fondly on the first Christmas in their new home.


Personalised Painting

Commission a local artist to paint or draw a picture of the new home, so that it can hang on the wall for many years to come. Even if the homeowners eventually move, the picture will serve as a joyful reminder of the home in which they shared many happy memories.


Engraved Cutting Board

If the new homeowner is a whiz in the kitchen, consider getting them a personalized cutting board that is not only practical, but looks great too. If they would prefer not to use it, they can display it in the kitchen instead.


Personalized Doormat

A doormat may seem like an uninteresting gift, but it is likely something the homeowner will not purchase for themselves! There are many options these days, from decorative to comedic, giving you the opportunity to pick the best doormat that fits the homeowner’s personality. For an extra special touch, get a personalized doormat with the homeowner’s name.


Champagne Flutes

Christmas means holiday parties, hosting friends, and celebrating the year that has just passed. Help the new homeowner see the holiday season through in style with some attractive champagne flutes that they can use to toast other important milestones in the years to come.


Scented Holiday Candle

Scents can evoke powerful memories, especially at certain times of the year. Do you have a favourite Christmas scent? Bring the wonder of the holiday season indoors by giving a beautiful scented candle this Christmas.


Are you excited for the holidays? At Capital Mortgages, we love this time of year as it gives us the chance to reflect back on all the wonderful times we have shared with our valued clients. If you are looking to buy a home in the new year and would like to learn more about the financing options available to you, do not hesitate to reach out to the experienced team at Capital Mortgages. Whatever your situation, we can help you find a solution that best fits your needs.


Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

Ottawa’s Coolest Outdoor Activities this Winter

Every year, winter seems to last longer and longer in Ottawa, so the best thing you can do is make the most of it! There is lots of outdoor fun to be had in Ottawa during the winter months, whether you want to get active, try something new, or spend time with family. If you’re looking to enjoy the splendour of winter this year, here are a few outdoor activities in Ottawa and the surrounding area that you should really try!



Winterlude is Ottawa’s annual wintertime festival and is always a huge hit with the entire family! Discover the joys of winter by skating on the Rideau Canal Skateway, viewing the stunning snow sculptures, and watching the ice carving competition. Winterlude events are held at various locations in Ottawa including Confederation Park and Jacques-Cartier Park in Gatineau.


Ice Dragon Boat Festival

Take the family out to Dow’s Lake this winter for an enjoyable and thrilling experience on the ice! The Ice Dragon Boat Festival will see 100 teams race down the Rideau Canal Skateway in boats equipped with skate-like blades, using spiked ice-picks to propel themselves along the ice. In addition to the racing, there will be free concerts, fun activities, and traditional Aboriginal and Chinese lion dancers. An event surely not to be missed!


Patinage en Foret

Take a road trip north of Ottawa to skate the stunning winter woodland trail at Patinage en Foret. The immaculately maintained outdoor skating trail is three kilometres long and offers a thrilling natural skating experience among the trees. After your skate, enjoy a rest with warm drink in the chalet!


Escapade Eskimo

Just an hour outside of Ottawa, enjoy the winter experience of a lifetime with Escapade Eskimo’s dogsledding adventures! How better to explore the beauty of winter than by sitting in a sled pulled by a number of excitable husky dogs? In addition to their dogsledding packages, Escapade Eskimo also offer opportunities for snowshoeing, sledding, and relaxing at the spa.


Alight at Night in Upper Canada Village

The beautiful Alight at Night experience is Eastern Ontario’s biggest outdoor light festival! See the splendour of Upper Canada Village’s heritage buildings and trees draped in thousands of twinkling lights. Enjoy a scenic wagon ride with a hot beverage, or take a ride on the vintage merry-go-round.


Are you looking to secure a mortgage? At Capital Mortgages, we work to deliver unbiased mortgage advice from a vast choice of mortgage options with dozens of different lenders, saving you both time and money. Contact us today to get started!


Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

Why Getting Mortgage Pre-Approval is so Important

Searching for a home can be an exciting but overwhelming task. To make things go as smoothly as possible when hunting for your dream home, consider getting pre-approved for a mortgage first. Mortgage pre-approval can save you time and hassle when you finally find the perfect home! Here are a few things you should know about obtaining a pre-approved mortgage:


What is mortgage pre-approval?

A mortgage pre-approval will help you to determine certain financial factors before you start looking for a home, such as the maximum amount you can afford to spend on a home and the expected monthly mortgage payments associated with that price. Applying for mortgage pre-approval is free of charge and doesn’t commit you to one specific lender.


Why should I get mortgage pre-approval?

  • The information you receive in obtaining a pre-approved mortgage will aid you in your home search. You will be able to budget accordingly and only look at homes within your financial range of affordability.


  • Mortgage pre-approval also allows you to ‘lock in’ a mortgage rate for a 120 day period. This means that even if interest rates go up while you are searching for a home, you are protected and guaranteed a mortgage at the agreed upon rate provided you purchase and close on a home within the 120 day period. If your mortgage lender’s rate falls during this time, the lender will honour the lower rate.


  • Being approved for a mortgage also signals to real estate agents that you are a serious buyer. When it comes to placing an offer on a home, your mortgage pre-approval shows the seller that you are stable in regards to financing. It could also help bolster your chances in a multiple offer scenario.


How can I get pre-approved for a mortgage?

The first step in getting mortgage pre-approval is to meet with an experienced mortgage agent who will be able to help you determine the best mortgage for your individual needs. They will ask you a series of questions and request specific documentation to get a thorough overview of your financial situation.


Capital Mortgages offers step-by-step personal assistance from knowledgeable mortgage brokers and an easy online application process. We’ll be by your side each step of the way, from mortgage pre-approval to finalizing your mortgage and the purchase of your home. Don’t hesitate — contact us today!


Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

Important Home Maintenance Tasks for Fall

Ottawa is truly beautiful in the fall. The leaves on the trees turn from green to breathtaking shades of russet, ochre and crimson, while the crisp fall air provides a refreshing change from the humidity of summer. Fall is a time of transition, and this transition should also apply to our homes as we get ready for the coming winter months. By undertaking a few small home maintenance projects now, we can ensure the health of our homes throughout the colder weather. Our team has gathered together a few important fall home exterior maintenance tips for you:


Rake leaves

Taking care of your lawn is not just something to consider during the summer months, you should continue to do so during the fall and winter months as well. Make sure to rake up any leaves before the first snow falls. Leaves left under a layer of snow can rot and smother the grass, meaning you won’t have a lovely green lawn to show off when spring arrives.


Mow the lawn

Once you have raked up any fallen leaves, mow your lawn. Mowing the lawn is something that should be done regularly. Frequent mowing keeps your lawn under control and stops the long grass from becoming a hiding place for rodents and other small creatures, who may scurry into your home given half the chance.


Clean the gutters

Cleaning out gutters is far from an enjoyable outdoor task, but it is an important one! Clear your gutters of any rotten leaves, sticks or other debris to prevent them from overflowing with water in the case of a heavy rainfall this fall or winter.


Fix driveway cracks

If left untreated, any cracks in your driveway could pose a huge problem this winter. When snow falls and settles into the cracks, it could cause the concrete to freeze and then expand, making the cracks even bigger. Depending on the material of your driveway, find an appropriate product to fix cracks in the fall and avoid winter damage altogether.


Touch up chipped paint

Paint protects the exterior of your home. If paint is flaking or chipped, it means the protective layer is compromised. Chips and cracks could let in moisture, which cause mould and rot. To avoid this issue, make sure to touch up any chipped or flaking paint on the exterior of your home this fall.


Remove moss

Moss may look attractive covering your home but it can actually cause huge problems for both your home’s exterior and interior. Moss holds a lot of water, which can seep into your roof and, if left untreated, eventually inside your home. To avoid water damage or mould issues caused by moss, remove it before it has a chance to spread.


Are you looking to purchase a home this fall? At Capital Mortgages, we have the knowledge, experience and network to find you the most favourable financing now and for future terms. Do not hesitate – contact us today!


Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

6 Reasons to be Thankful for Living in Ottawa

As we look forward to a wonderful Thanksgiving weekend in the beautiful city of Ottawa, we decided to put together a list of all the reasons we are thankful to be living in our Nation’s Capital. Ranked the best place to live in Canada by MoneySense in both 2016 and 2017, Ottawa blends city living with a small town feel — making it a popular choice of residence for many people. Here are just a few of the reasons why we love living in Ottawa!



Ottawa boasts an abundance of beautiful green space. With its many hiking and biking trails, you can explore everything the city has to offer without driving a car. Ottawa is also not far from the stunning vistas of Gatineau Park, a popular destination for outdoor lovers — any season!



In recent years, Ottawa’s culinary scene has exploded. From haute cuisine to hidden hole-in-the-wall eateries, this growing foodie movement means that whatever your taste, you’ll find something to satisfy it in Ottawa.



The city of Ottawa has a rich and interesting history, and there are a number of places to go to learn more about the city and its past. You can stroll along the Rideau Canal —  the oldest continuously operated canal system in North America and, during the winter, the longest ice skating rink in the world. Or you could take a stroll around Parliament Hill and learn about Canada’s political past. The bustling Byward Market is also filled with historical treasures just waiting to be explored!



One of Ottawa’s cultural hubs is the NAC, where you can experience the best in music, theatre, comedy and dance. If you’re a fan of music festivals, Ottawa can scratch that itch too — the city plays host to a number of festivals throughout the year, such as Bluesfest, CityFolk, Escapade and the Ottawa Jazz Festival. If world-class museums and art galleries are more your thing, visit the Museum of History, the War Museum, the National Gallery of Canada, or the recently renovated Ottawa Art Gallery.



There’s no denying that Ottawa is a fantastic city in which to raise a family. It boasts great schools and healthcare, and is economically stable. As many homebuyers are getting priced out of bigger cities, such as Toronto and Vancouver, Ottawa has remained affordable.



The recent expansion of the Rideau Centre has brought many popular high-end stores to Ottawa, turning the mall into a shopaholic’s dream. For those shoppers looking for something a little more unique, there are plenty of fantastic local businesses and boutiques in the Byward Market, Westboro and Hintonburg.


We hope that you enjoy a wonderful Thanksgiving with friends and family. If you are looking to secure a mortgage — consider choosing Capital Mortgages. We work to deliver unbiased mortgage advice from a vast choice of mortgage options with dozens of different lenders, saving you both time and money. Contact us today to get started!


Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

Your Mortgage Down Payment: What You Need to Know

For many first-time homebuyers, purchasing a house can come with a range of complex emotions. It is not a decision to be taken lightly, least of all because it is one of the biggest financial decisions you will ever make. One of the best things you can do to ease the stress and worry is to arm yourself with knowledge. The first step in the homebuying process is often saving for your down payment. Are you unsure about the purpose of a down payment? Not to worry — we’ve outlined everything you need to know in the following blog:


Sit down with a mortgage specialist

Talking to a mortgage expert, even before you start looking at homes, will help to give you a better idea of your current financial situation and what you can afford. Generally, approximately 32% of your monthly income is required to make the mortgage payment, property taxes and heating costs, though this percentage can be higher depending on your credit score. Not only can a mortgage specialist assist you in formulating a saving strategy, but they can also give you more information about Government of Canada programs for homebuyers, and whether or not they apply to your situation.


More or less

When buying a home in Canada, a minimum down payment of 5 per cent is required — but that also means paying out for mortgage default insurance. Down payments over 20 per cent of the home’s purchase price do not require additional mortgage default insurance. Mortgage default insurance is a one time premium paid when your purchase closes. You can pay the premium as part of your closing costs or add it to the principal amount of your mortgage. So which is the way to go? Remember that the size of your down payment should be within your current limits of affordability and take into consideration your future financial stability.


Using your RRSP

Under the federal government’s Home Buyer’s Plan, first-time home buyers are eligible to use up to $25,000 in RRSP savings per person ($50,000 for couples) for a down payment on a home. The withdrawal is not taxable as long as you repay it within a 15-year period. To qualify, the RRSP funds you plan to use must have been in your RRSP for at least 90 days.


Sources of down payment

When sitting down with your mortgage agent, it is important to discuss potential sources of your down payment. Besides personal savings or your RRSP, you could use money in the form of a gift from a direct family matter, or possible funds from a secured line of credit. An experienced mortgage professional will be able to explain these options to you.


Identify all costs early on

Buying a home can include more than just the purchase price of the house. There are certain other fees that can be incurred upon a purchase. Make sure you are including any closing or moving costs in your final figures, such as the Land Transfer Tax, as well as budgeting for any potential renovation projects or emergency savings.


Set up automatic savings

Setting up automatic savings can take a lot of the stress and guesswork out of saving money every month. Calculate the amount of money you can reasonably afford to part with each month and, as soon as you get paid, have that money automatically transferred from your chequing account to a tax-free savings account.


If you are looking to buy a home this year and would like to learn more about the financing options available to you, do not hesitate to reach out to the experienced team at Capital Mortgages. Whatever your situation, we can help you find a solution that best fits your needs.


Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

5 Ways to Save Energy at Home

There are a number of energy-saving methods and behaviours that can easily be implemented within your home environment. The benefits of these are twofold: they will save you money on utilities and will help to protect the environment. Whatever drives your decision to start reducing your energy consumption at home, know that a few small day-to-day changes could create a lasting impact on both your wallet and the planet.


1) Change your light bulbs

This is one of the simplest and most affordable ways to conserve energy in your home. Energy-efficient light bulbs, such as LEDs, use 25-80% less energy than their traditional incandescent counterparts. In addition, they will last much longer! Though the initial cost is slightly more expensive than traditional bulbs, they will save you both money and energy in the long run.


2) Turn off appliances and lights when not in use

Though it seems like a no-brainer, many people forget to turn off lights or appliances when they leave a room. Perhaps you leave your porch light on overnight, or like to sleep with the TV on. By changing these behaviours you can help to reduce your home’s energy consumption, as well as your utility bill.


3) Choose alternatives

Make smarter energy-efficient choices about when to use certain home appliances: for example, wash dishes by hand instead of using the dishwasher, or hang clothes outside to dry rather than use the dryer. The appliances in your home that use up the most energy are those required to heat and cool it. Consider opening windows or using a fan in the summer, rather than turning up the AC. You might just notice a big difference in your utility bill.


4) Purchase a smart power strip

Did you know that when appliances are in standby mode they are still using up a large amount of energy? Electronics such as plasma TVs, DVD players, and computers, all have a standby mode that enables them to keep drawing power even when they are not turned on. Smart power strips can be used to turn electronics and appliances off when they are not in use to reduce energy wastage.


5) Install a programmable or smart thermostat

Smart thermostats, such as the Nest, could end up saving your household a couple hundred dollars a year. By programming your thermostat to reduce heating or cooling functions when you are away from your home or when you go to bed, you can easily reduce unnecessary energy consumption.


Making your home more energy efficient is a smart financial decision. Another smart financial decision? Choosing to find a mortgage with Capital Mortgages! We work to deliver unbiased mortgage advice from a vast choice of mortgage options with dozens of different lenders, saving you both time and money. Contact us today to get started!


Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley. thank you

Talking Mortgages with Your Partner

Your relationship with your partner will experience many exciting milestones: your first kiss, moving in together, getting engaged, having children… But one of the most important steps in your relationship will be buying a home together and getting your first mortgage. A home will likely be the largest joint purchase you ever make, and you need to be sure you are making the best financial decision to fit your specific needs as a couple. Here are a few pointers on how to talk mortgages and finances with your partner:


Share your financial goals

The most important thing to remember when discussing your finances with your partner is to be open and honest. Share your financial situations and goals with one another and make sure that you are both on the same page. Are you looking for a home to start a family or are you looking for more of a centrally located condo or even an investment property? This may not be one specific discussion, but an ongoing series of conversations between you and your partner to best ensure a financially secure future together.


How to get the conversation started

Financial matters can be sensitive and personal topics to some people so make sure you approach this conversation seriously. Some items to consider and discuss:

  • Your credit ratings
  • Any outstanding debts (e.g. car or student loans that still need to be paid off)
  • Your salaries (if one of you is a significantly higher earner, will you still split the mortgage payments 50/50?)
  • Your savings (what are you both contributing to the down payment?)
  • Other unique obligations, such as supporting family members


Visit your mortgage broker together

After discussing your financial goals and plans, visit your mortgage broker. Having a goal in mind will help your mortgage broker ascertain what financing best suits your needs. Capital Mortgages offers step-by-step personal assistance from knowledgeable mortgage brokers and an easy online application process. We’ll be by your side each step of the way, from helping you understand your options and what to expect, to mortgage pre-approval, and all the way through finalizing your mortgage and the purchase of your home. We may even be able to help you discover other options to realize your goals sooner.  


Have a follow-up discussion and make a unified decision

Once you have confirmed your joint goals, met with your Capital Mortgages broker, and have all the information you need, have a follow-up discussion. You and your partner should reassess your joint situation before you make a final decision.


As you enter your house-hunt well-informed and prepared, remember it can take months to find your dream home, and financial situations can change in that time. For this reason it’s important to stay in touch with your Capital Mortgages broker to ensure you are always best positioned financially. Remember your pre-approval will only lock in that interest rate for 120 days!


Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

5 Simple Steps to Getting Your First Mortgage

If this is your first time getting a loan or mortgage, the process can seem overwhelming. To make it simpler, we’ve broken the process down into five easy-and important-steps:


Determine a borrowing budget

You’ll want to be realistic about what amount you can borrow based on your monthly expenses (keeping in mind your other expenses and property taxes, homeowner’s insurance, and maintenance costs). Your mortgage broker can help you determine what your monthly mortgage payment would be based on your down payment, interest rates, and length of loan term.


Save for a down payment

For a first mortgage, you’ll need to have the down payment ready to supplement your mortgage. In Canada, the minimum down payment is 5% of the purchase price of your home. If your down payment is less than 20% of the purchase price of your home, you are required to purchase mortgage default insurance. This insurance will protect the lender in the case that you default on your loan and is arranged by the lender the mortgage broker places your mortgage with.


Mortgage rates

Keep in mind that the lowest interest rate may not always be the best option for your specific needs. Your mortgage broker will explain the differences to you. For more information about rates, read our latest blog post: ‘A Quick Discussion on Interest Rates’.


Choose a lender or mortgage broker

An experienced mortgage broker will be able to help you learn about what types of products might best fit your individual needs. The mortgage broker will shop the market for you to make sure you are offered the rate and product you deserve. This is the time to arrange a pre-approval with the mortgage broker.


Prepare your documents

Once you’ve completed all of the previous steps you’ll need to gather your required paperwork. Often these documents should be provided even at the pre-approval stage. Lenders will require letters of employment and income, recent paycheck stubs, tax returns, bank account statements, and information on other debts or loans.


If you’re a first-time homeowner, the qualified professionals at Capital Mortgages can help you determine the loan that will best fit your needs. We offer as many in-person meetings, phone communications or emails as needed so you feel comfortable with the mortgage process. Contact us today!

Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

Essential Cleaning Tools for Your Home

Whether you have just moved into your first home and need to put together a kit of cleaning supplies, or your existing tools need an update, we’ve put together a comprehensive list of the most important and essential cleaning tools to keep your home tip top and squeaky clean!


Microfiber cloths

This little cloths are fantastic in pretty much every room of the house! They are super soft so won’t scratch surfaces, and are great at picking up dust and leaving a streak-free finish. They work amazingly well on windows and mirrors.


Swedish dishcloths

Never heard of a Swedish dishcloth? You’ve been missing out! Swedish dishcloths are amazing multi-tasking tools that can take the place of your kitchen sponges and paper towels. Made from a blend of cellulose and cotton, they are natural, super absorbent, and can even be washed in the dishwasher or washing machine. Perfect for wiping down countertops and mopping up spills!


Rubber gloves

Protect your hands when using harsh cleaning supplies by wearing a pair of rubber gloves. Gloves are also good to wear when washing dishes!


A bucket

A large bucket can be used to store cleaning supplies when not in use, as well as for a multitude of other jobs around the house. Fill it up when cleaning floors, windows, or even scrubbing your back deck.


A squeegee

These handy little items work well in the bathroom for cleaning the shower after it’s been used! By wiping the water droplets away immediately you can prevent the appearance of mould. Squeegees are also great for cleaning windows.


Scrubbing brushes

Sometimes a cloth just won’t stand up to the task! In places such as the bathroom or kitchen, you may have to use a bit of elbow grease to shift stubborn stains from tiles or around the sink. For those smaller harder-to-reach spots, such as the grout between tiles or around the faucet, you can use an old toothbrush!


A dustpan and brush

Handy for tidying up crumbs on hard floor surfaces such as linoleum or hardwood, especially if you have children or pets! A full-size broom with a clip on dustpan will prevent you having to bend over or kneel when sweeping up.


A vacuum cleaner

A heavier duty items to keep floors clean, especially if you have rugs or carpets! By keeping your floors free of dust and hair, you can keep allergies at bay.


For more useful and important home tips, make sure to follow Capital Mortgages on Facebook, LinkedIn and Twitter! Looking for a mortgage? We offer step-by-step personal assistance from our team of knowledgeable mortgage brokers to make your life easier! Don’t hesitate to reach out to us today!


Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

Tips for Downsizing to a Smaller Home

Are you downsizing to a smaller home this year? Perhaps your children have flown the nest, or maybe you’re finding it difficult to maintain such a large home — either physically or financially. Whatever the reason, there are a few things you should take into consideration when looking to downsize. Here are a few of our Capital Mortgages top tips for downsizing to a smaller home:


Make an inventory

Taking an inventory of existing items is a good way to see what you have and what you want to keep, discard, sell, or donate. You may find that you have a number of duplicate items: the kitchen is the worst area for this! Do you really need all three pairs of salad tongs?


Sell unwanted items

Selling off your large or unwanted items is a good way to make a little bit of extra money while you downsize. This extra cash could then be used towards new, more appropriate items, for your new space. Online marketplaces are a great place to list your unwanted items. You can also donate certain items, or ask family members if there is anything they would be interested in taking.


Measure, measure, measure!

Take note of the dimensions of your new smaller home as well as your existing furniture. Before you move, you should know which furniture items will easily fit into the new space which will just be too big.


Look for storage solutions

Does your new home have a lot of storage space? If not, look to update the space with innovative storage solutions, such as under-bed storage, hanging racks and built-in shelves.


Pack as you go

Move through your house room by room, assessing items and packing as you go. It helps to start in a room that you don’t use very often, such as the basement or guest room. Once you’ve gone through one room, try and get rid of the items quickly — whether you are packing, donating, or selling them. This stops you from going back and changing your mind. For more tips, read our blog on the best packing tips when moving home!


Ask questions

Some good questions to ask yourself as you pack could include:

  • When was the last time I used this item?
  • Can I see it fitting into my new life at my new home?
  • Does this item have sentimental value that can’t be replaced?
  • Could I get by without this item?


Downsizing can seem like a daunting task, but hopefully these tips will make the job seem less overwhelming. For any information you may require regarding a new or existing mortgage, we can help! We work with over 35 lenders to secure the best financing for your needs. Don’t hesitate to contact Capital Mortgages today.

Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

The Best Things To Do in Ottawa for Newcomers

Are you a newcomer to Ottawa? Welcome! We love this city, and are pretty certain you will love it too. Whether you enjoy adventuring outdoors or prefer to stay within city limits, Ottawa has something fun to offer everyone. If you haven’t visited our fair city before, there are a number of things that should be on your Ottawa to-do list. Here are a few of our favourites:


Parliament Hill

What’s a trip to the nation’s capital without a trip to Parliament Hill? Parliament is one of Ottawa’s top attractions and a must-see for any first time visitor to the city. There is always an interesting event happening on the Hill! In the summer months, make sure to catch Northern Lights, the stunning Sound and Light Show. This incredible show projects colourful visual displays onto the Parliament Buildings to the sound of music and spoken words.


Rideau Canal

Whether you visit in the summer or winter months, the Rideau Canal should definitely be on your list! In the winter, the Canal is turned into the longest ice skating rink in the world! Nothing beats a hot chocolate and a Beavertail on the frozen Canal after a refreshing icy skate. During summer, take a boat cruise along the Canal, which travels directly through Ottawa’s downtown core.



Ottawa has a number of world-class museums, whatever your interests may be! Learn all about Canadian military history at the Canadian War Museum, be amazed by the beautiful works of art at the National Gallery of Canada, and have fun learning something new at the Canada Science and Technology Museum!


Adventures on the Ottawa River

More of the outdoorsy type? Head for a whitewater adventure on the Ottawa River! There are options to raft or kayak, in both the city and further down the river about an hour’s drive from downtown Ottawa. Whether you’re a seasoned thrillseeker or are just looking to dip your toe (pun intended!) into something new, you’ll find the perfect whitewater experience for you.



One of the most scenic ways to enjoy Ottawa’s sights is by bike! Ottawa has a number of bike paths running all over the city, making it a breeze to travel across the city. On Sunday mornings in the summer, the National Capital Commission (NCC) closes a number of roads to keep them free for cyclists, runners and pedestrians.


If you are looking to move to the Ottawa area and need help securing a mortgage, we would love to hear from you! Please do not hesitate to reach out a member of our experienced team today. Alternatively, you can apply directly on our website with our simple online application form.


Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

9 Packing Tips to Make Moving Home Easier

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 and stress-free:



1) Purge as much as possible


Take this opportunity to de-clutter, donate and get rid of anything you don’t really use or need. That way, you’ll have a LOT less to move on moving day (and you won’t have the same unnecessary items attracting dust in your closet).



2) Hire movers at least a month out


Make sure to research and hire movers at least a month ahead of time so you can plan and take time off work, etc., as needed. Many movers get busy on weekends, especially in warmer months and peak moving seasons, so consider saving money by moving on a weekday.



3) Pack in shifts


Pace yourself when it comes to packing! Packing slowly over time will be much less stressful than packing it all last-minute.



4) Protect your delicate items


Pack delicate items and expensive electronics (like TVs) in their original packaging (if possible). Or, wrap these items in packing paper, bubble wrap or quilts to ensure they aren’t broken when jostled or moved.



5) Disconnect your services


Utilities are often one of the last things you think about when you move, but you’ll save money and confusion later if you contact your utility companies ahead of time to disconnect your services. Also file a change of address with the postal service and any other important companies a few days before you move.



6) Accurately label moving boxes


Being careful about labeling your moving boxes will help you to find and organize your household items once you start to unpack. Include details about where the items were found or which room the items should be placed in.



7) Use smaller boxes for heavier items


For heavier items—such as books—you’ll want to use smaller boxes. Heavier items in larger boxes will be harder to lift and to balance when moving.



8) Stack dishes vertically


Dishes will be safer and easier to move when stacked vertically versus horizontally. Place packing paper or bubble wrap between each plate for extra protection.



9) Set aside cleaning supplies


Rather than packing up all your cleaning supplies to use at your new place, leave some behind at your old place. That way, you can do a deeper clean of all the spots you couldn’t reach when your furniture was in the way.


For all your mortgage needs, including information on renewing your mortgage or refinancing your property, the experienced team at Capital Mortgages can help! Do not hesitate to reach out with any questions or concerns you may have — we look forward to hearing from you.



Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

5 Ways to Update Your Deck this Summer

After a long cold winter, we are finally slowly emerging into the sunshine like butterflies from a chrysalis. The past few days of warm weather and sunshine may have you looking out into your backyard with a critical eye. How did your deck manage through the harsh winter? If your yard is looking less than satisfactory, don’t fret — you may only need to make a few small updates to get your deck looking and feeling summer ready. Here are a few top expert tips:


1) Stain the wood

Is your deck looking a little tired and worn after the winter? Treat the wood to a fresh new stain and have it looking back to its old self in no time! A penetrating weatherproofing stain will also protect the wood from future bad weather.


2) Get an outdoor rug

Perhaps the snow and ice has your deck looking a little weathered. If you don’t have the time to treat or paint the wood, pick up a bright and colourful outdoor rug instead! It’s a quick and affordable update that really makes a difference.


3) Add some planter boxes

Want to add some lush colour to your deck? Get a couple of planter boxes to hang on the railing for an instant splash of colour. If you’re a keen chef, planter boxes are also great for growing herbs!


4) Create a shady spot

It’s fantastic if your deck gets a lot of sun, but sometimes the heat can be a bit much. Create a shaded spot for eating, reading, or relaxing by adding a gazebo, pergola or patio umbrella.


5) Update your outdoor furniture

Are you still using the same outdoor furniture that you’ve had for years? It may be time for a change! Update your deck with some relaxed seating, perhaps a couple of benches or some comfy chairs, complete with colourful outdoor cushions to make your deck a stylish and cosy place to hang out.


Are you looking to build the backyard deck of your dreams? A refinance of your current mortgage could be the way to make that happen. Refinancing is a strategic financial decision that is applicable in a variety of situations and may require an advisor to ensure the best solution is found to fit your specific needs. Don’t hesitate to contact the team at Capital Mortgages today!