A few instances of homeowners returning home to a sold or listed home without their permission have sadly occurred this year. It’s critical to be aware of the hazards because property fraud is a problem that is spreading across the globe. Property fraud, commonly referred to as deed fraud or “house-stealing,” happens when someone fraudulently …
Mortgage Questions to ask your Lender Shopping for a property is similar to looking around for a loan. Given the length of your mortgage commitment, you should make sure you have a plan in place and the finest information available before deciding whether to use a bank or a private lender. Here are some of …
Are you concerned about Mortgage Renewal? About half (47%) of Canadians who are applying for or renewing a mortgage express fear about being approved for the required amount. According to a recent poll by BNN Bloomberg and RATESDOTCA, 16% of respondents who are purchasing or renewing their mortgage are “extremely concerned” about their eligibility. Over three …
Nearly half of Canadians who are buying or renewing their mortgages are worried about it. Canadians who are renewing their mortgage or purchasing a home are more apprehensive than ever before about their capacity to obtain the mortgage they require, and as a result, they are looking at alternatives to established lenders. About half, or …
What is Rent-to-Own? Rent-to-Own (RTO) is an agreement between a landlord and tenant in which the tenant agrees to rent the property for a certain period and has an option to buy before the lease expires. It’s essentially a hybrid approach to owning a property. You get to experience the property for a period before …
In the times of high interest rates, don’t discount Rent-To-Own Read More »
Let’s get down to the basics – What is a mortgage renewal? Mortgage renewals are the bread and butter of home ownership. Not really, but they are SUPER SUPER important. Mortgage renewals are a great opportunity to renegotiate the terms of your current contract with the current lender without needing to reapply for financing with …
A Simple Guide to Understanding Mortgage Renewals in Canada Read More »
Inflation, rising interest rates, increasing housing prices – it can all be overwhelming! What could possibly be next?! Let’s break it down and talk about how rising interest rates correlate to homeownership. Let’s get down to the basics… Rising interest rates represent an increase in the cost of borrowing. Increasing interest rates is a tactic …
How Can a Mortgage Broker Help You When Interest Rates are Rising? Read More »
