Mortgage Blog

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Category: Understanding Mortgages (15 posts)

How to Deal With Mortgage Payment Difficulties

How to Deal With Mortgage Payment Difficulties

March 26, 2020 | Posted by: Shannon Mayhew

Sometimes unforeseen financial circumstances can impact your ability to make your regular mortgage payments. Or perhaps your debt demons have been caused by taking on too much other high-interest de ...

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Buy and renovate for the perfect abode with a mortgage for fixer uppers

Buy and renovate for the perfect abode with a mortgage for fixer uppers

March 12, 2020 | Posted by: Shannon Mayhew

  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.  & ...

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The Mortgage Kit:  Start with proof of your income

The Mortgage Kit: Start with proof of your income

February 6, 2020 | Posted by: Shannon Mayhew

We’ve all heard the scout motto “Be prepared”. It’s great advice if you need a mortgage. Assembling everything your lender needs to verify your income is a critical component ...

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Be sure to take the prepayment penalty into consideration.

Be sure to take the prepayment penalty into consideration.

November 28, 2019 | Posted by: Shannon Mayhew

It’s impossible to plan on many of the things that will happen in our lives, like a job loss, illness, divorce, a personal matter, or even finding a better mortgage rate. There are many reason ...

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Get the best mortgage rate: Five Tips to financial fitness

Get the best mortgage rate: Five Tips to financial fitness

September 12, 2019 | Posted by: Shannon Mayhew

When the time is right for you to buy a home, make sure you are financially fit and eligible for the best possible mortgage rates. Here are our top five tips to boost your 'financial fitness':  ...

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Don't renew your mortgage with your eyes closed

Don't renew your mortgage with your eyes closed

June 19, 2019 | Posted by: Shannon Mayhew

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 ...

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Five brilliant ways to work a reverse mortgage

Five brilliant ways to work a reverse mortgage

March 28, 2019 | Posted by: Shannon Mayhew

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 ...

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5 strategies to help you become mortgage free sooner

5 strategies to help you become mortgage free sooner

January 10, 2019 | Posted by: Shannon Mayhew

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 ...

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This Is How to Buy and Renovate

This Is How to Buy and Renovate

November 9, 2018 | Posted by: Shannon Mayhew

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 ...

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Sometimes you just need break

Sometimes you just need break

August 23, 2018 | Posted by: Shannon Mayhew

  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 ...

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Mortgage Closing Tips

Mortgage Closing Tips

July 12, 2018 | Posted by: Shannon Mayhew

  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 ...

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Seven signs you may need a mortgage tune-up

Seven signs you may need a mortgage tune-up

June 21, 2018 | Posted by: Shannon Mayhew

  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 ...

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10 Steps to Home Ownership: Understanding the Mortgage Process

10 Steps to Home Ownership: Understanding the Mortgage Process

June 7, 2018 | Posted by: Shannon Mayhew

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 ...

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4 Strategies That Can Help You Get Pre-Approved

4 Strategies That Can Help You Get Pre-Approved

May 10, 2018 | Posted by: Shannon Mayhew

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, ...

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Comparison of Collateral versus Standard Charge Mortgages

Comparison of Collateral versus Standard Charge Mortgages

April 26, 2018 | Posted by: Shannon Mayhew

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 ...

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