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Category: Understanding Mortgages (10 posts)

  • June 19, 2019 @ 11:05 PM
  • Posted by Shannon Mayhew

Don't renew your mortgage with your eyes closed

When your mortgage comes up for renewal, your lender will send you a letter suggesting you renew at their current offer. If you do, it's like renewing your mortgage with your eyes closed! This is yo

  • March 28, 2019 @ 11:27 AM
  • Posted by Shannon Mayhew

Five brilliant ways to work a reverse mortgage

It’s true: a reverse mortgage - one of the best financial tools available to Canadians over 55 - can greatly assist cash-strapped seniors who need to pay off their debts and live comfortably i

  • January 10, 2019 @ 11:24 AM
  • Posted by Shannon Mayhew

5 strategies to help you become mortgage free sooner

We all know that paying off a mortgage as early as possible makes good financial sense. You’ll save significant interest costs and free up money for RRSPs and other investments, and changing l

  • November 9, 2018 @ 10:49 AM
  • Posted by Shannon Mayhew

This Is How to Buy and Renovate

Many homebuyers looking at older properties find themselves in a common predicament: they’ve found a property that suits them, but it needs some costly and immediate upgrades. Good news. We&rs

  • August 23, 2018 @ 12:34 AM
  • Posted by Shannon Mayhew

Sometimes you just need break

  It’s impossible to plan for many of the things that will happen in our lives, like job loss, illness, divorce, relocation, personal matter, or when much better mortgage rates become av

  • July 12, 2018 @ 4:55 PM
  • Posted by Shannon Mayhew

Mortgage Closing Tips

  While you may have a pre-approved or approved mortgage, it doesn’t fund until the day you close on your new home. Keep the following tips in mind to ensure a smooth closing: 1. Kee

  • June 21, 2018 @ 4:55 PM
  • Posted by Shannon Mayhew

Seven signs you may need a mortgage tune-up

  Did you know that just like your car or your home, your mortgage can benefit from a seasonal inspection!  Your car gets taken in for regular servicing to keep it running for the long term

  • June 7, 2018 @ 4:55 PM
  • Posted by Shannon Mayhew

10 Steps to Home Ownership: Understanding the Mortgage Process

Dreaming of being in your very own home? Maybe it’s not as far away as you think. In fact, you might be just ten steps away! 1. Start off on the right foot and get professional mortgage advic

  • May 10, 2018 @ 4:55 PM
  • Posted by Shannon Mayhew

4 Strategies That Can Help You Get Pre-Approved

So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process,

  • April 26, 2018 @ 4:55 PM
  • Posted by Shannon Mayhew

Comparison of Collateral versus Standard Charge Mortgages

More lenders are moving to collateral charge mortgages so it’s becoming increasingly important to understand the differences between a collateral and standard charge mortgage. Which is better fo