by Rakhi Madan | Jul 29, 2016 | First Time Home Buyer, Purchases, Refinance, Renewal, Tips |
The golden rule of mortgages is this, the longer you take to pay it off, the more money you give the bank. So your goal should be to pay your mortgage off as fast as comfortably possible. Listed here are payment options for your mortgage. Knowing these options before...
by Rakhi Madan | Jul 22, 2016 | Tips |
In Canada loan interest on your mortgage is compounded semi-annually unlike the United States where calculation is done monthly. The method used for loans in Canada gives borrowers a slightly lower monthly payment given the same principal, term and nominal interest...
by Rakhi Madan | Apr 28, 2016 | Tips |
Undeniably, purchasing a home in the greater Toronto area is among the most thrilling experiences. The moment you are accepted to have a mortgage, you are that much closer to owning a home. However, before you get all excited, just a piece of advice, never opt for the...
by Rakhi Madan | Mar 1, 2016 | Purchases, Refinance, Tips |
Situated on the northwest shores of Lake Ontario, Toronto Ontario is the most populous city in Canada and a prominent center for music, theaters museums and many festivals. Residents from the suburban community of Brampton, Ontario are able to enjoy all the culture...
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 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...
