Mortgage Information
What is a reverse mortgage and is it worth it?
The concept of homeownership holds immense significance and is often considered a cornerstone of financial stability and retirement planning. However, for seniors who have built substantial equity in their homes but find themselves in need of additional income, traditional mortgages may not be the ideal…
HELOC, home equity loans and remortgaging – what is best for you?
There are times in our lives where we require a chunk of cash for things like post-secondary school for the kids or a renovation or debt consolidation and your home can actually help as a lending resource. CREA has an awesome article on some of…
Choosing a Mortgage Lender
I love a smooth real estate transaction. And it really does take a team of professionals working for you to make it all come together. One member of your dream team is your mortgage specialist, so when I saw this blog the other day on…
Rising Mortgage Rates – CREA weighs in on the Bank of Canada increases
With the Bank of Canada raising the interest rate to 2.5%, and further increases in sight, many Canadians are wondering what the future holds for lending, in particular as it relates to mortgages. The Canadian Real Estate Association (CREA) posted a blog shortly before the…
The Differences Between Being Pre-approved and Pre-qualified
Buyer: Yes, I’ve been pre-approved. Me: Pre-approved or pre-qualified? Buyer: What is the difference? A conversation I’ve had with many buyers and it is so important that you understand the difference between a pre-approval and a pre-qualification so you don’t hit an unnecessary road block…