Articles About Mortgages

6 Tips to Help You Refinance Your Mortgage for a Better Rate

When you’re dealing with large amounts of money involved in owning a home, even the smallest rate difference can save you a lot. We have put together the tips that can help you save big if you choose to refinance your mortgage to take advantage of the lowest rates.

What Renovations Increase the Value of Your Home & Why its Wise to do Them

There are certain renovations that can offer more value than others. If you’re selling your home, you will want to know what renovation efforts are going to be worth the most to potential home buyers. Some renos may be expensive without adding that much value, causing you to sell at a loss.
We’ll walk you through the factors to consider when it comes to home renovations.

Tax Benefits of Owning a Home

Buying a home has many benefits. While it’s probably one of the biggest purchases you’ll ever make, there are advantages that can save you money in the long run. There are deductibles and tax benefits you can take advantage of as a homeowner. It’s important to understand these benefits so you can figure out what kind of financial advantages that owning your home can offer you.

Can I Sell My House When I Have a Home Equity Loan?

If you have a home equity loan or line of credit like many Canadian homeowners, you may be wondering whether you can still sell your house. The short answer to that question is: yes, you can. The bigger question is: should you?

Using Your Home Equity To Buy Another House

When it comes to real estate markets, it is vital to have easy access to funding while buying another home. If you are wondering whether you can use your equity to purchase another house, then you’ll find the answer here. Home equity loans can be very low, and can also be a convenient way to facilitate your home purchase.

How to Use a Home Equity Loan for an Investment Property

There are varying reasons that a homeowner will choose to take out a home equity loan. It may be to purchase another property or it could be used for improvements. Another loan type is a HELOC, which is a line of credit secured by your home. You can withdraw funds whenever you need them so it offers a bit more freedom than a home. We’ll give you more insight on how to use your home equity loan to buy an investment property.

What are Mortgage Rates Like in Canada?

Learn more about the specific mortgage rates that Canadian lenders are offering consumers. While your credit history and reports will depend on the rate that you get from the financial institution.

4 Best Uses for Home Equity Financing

Do you have a lot of home equity and you’re looking to put it to good use? Here are 4 of the best uses for home equity financing.

How to Protect Your HELOC from Rising Rates in 2022

If you have a HELOC, it’s most likely tied to Prime Rate. This means when Prime Rate is low, you benefit from a lower cost of borrowing and lower payments. However, when Prime Rate starts to increase, your cost of borrowing and payments will get higher as a result. And that looks to be happening this year in 2022.

Mortgages: The Ins and Outs in Canada

We’ve gathered the information you need to make that informed mortgage decision. You should choose the right mortgage and when you have some information on it; you can be sure to be someone who is making the right decision overall.