by Rakhi Madan | Dec 26, 2015 | Tips |
Choosing the right mortgage to meet your needs is a process best handled with the support of a mortgage professional. Just as there are many homes to choose from, there are many types of mortgage financing options. Choosing the right mortgage can save you thousands of...
by Rakhi Madan | Dec 22, 2015 | Qualifying |
When your family is growing, the idea of moving into a bigger house may be at the forefront of your mind. But if you are on maternity leave, your ability to get approved for a mortgage may be hindered due to your smaller household income. Here are a few questions to...
by Rakhi Madan | Dec 11, 2015 | Tips |
The great majority of us are in mortgage contracts that contain a prepayment privilege of some sort. “Privilege” being the key word here. Not all mortgage contracts contain such privileges, but that’s a story for another day. The mortgages that do allow prepayment...
by Rakhi Madan | Dec 7, 2015 | News |
On Friday, Finance Minister Bill Morneau announced changes to down payment requirements. Effective February 15, 2016, the minimum down payment for new insured mortgages will increase from five per cent to 10 per cent for the portion of the house price above $500,000....
by Rakhi Madan | Dec 4, 2015 | Specialty Mortgages |
As the average age of our Canadian population gets older (according to Employment and Social Development Canada, our country currently has over 5 million people over 65 years old), it is no doubt that you or your loved one may be faced with growing concerns about the...
