Commercial Mortgage: The 5 Most Frequently Asked Questions
If you are an investor who is hoping to invest in commercial property for whatever purpose, we know that you probably have many questions surrounding this matter. As such, we’ve compiled a list of the 5 most frequently asked questions surrounding commercial mortgage.
Debt Consolidation: Types of Debt and How-to Successfully Consolidate Your Debt in Canada
Debt statistics last year in Canada were extremely shocking to most Canadians when they learned that by the end of March 2015. It’s unlikely that you only have one debt, but more likely that you have many. Merging multiple debts into one loan is called debt consolidation.
First Time Home Buyer Mortgage: Canadian Statistics, Facts & Next Steps
If you have been renting for many years, you may be considering purchasing a home for the first time. You have sacrificed to save up for your down payment, but now you’re ready to buy. Buying a home can be exciting and scary, all at the same time, especially since it’s a big purchase.
How-to Get The Best Mortgage Rates in Canada?
The mortgage industry has changed tremendously over the last five years. If you’re a first-time homebuyer, looking for a second mortgage, or you’re self-employed you want to get the best mortgage rates in Canada. First, you must understand how the mortgage industry works. When applying for a mortgage you should do your research, including: Comparison […]
Mortgages for the Self-Employed: The 5 Things You Should Know
In Canada, almost 20% of people are self-employed. When you’re self-employed, getting a mortgage is not as difficult as it may appear. Although mortgage approval criteria are strict, private self-employed mortgages has made it possible to get a quick approval. Before approaching a mortgage lender, you should make sure that you are prepared well in […]
The Ultimate Guide to Private Mortgages
If you are a Canadian that has ever had a dream of owning your own home, but your mortgage application was refused by the bank, you may want to consider researching private mortgage lenders. The federal government has implemented new rules for mortgage borrowers, which has increasingly made private mortgages a more popular option among-st […]
Fixed or Variable Rate Mortgage? Which one is better for me?
What does this mean for people looking for a mortgage, specifically – is a fixed or variable rate mortgage plan the better option? Unfortunately there is no concrete way to say which option is the ‘right option’ as each individual homebuyer must address his or her own personal needs rather than following remarks from economists. […]
What comes first – kids or retirement? Plan now or suffer later
Most parents take the responsibility of caring for their kids very seriously, but does care mean financial support and if so, how much? Most parents love their kids. Most kids love their parents. Most parents take the responsibility of caring for their kids very seriously, but does care mean financial support and if so, how […]
How will Canadian seniors deal with lack of funds in retirement?
For some, a reverse mortgage is often the only solution to financial crises The lack of pension reform combined with seniors living longer than ever is leading to a lack of finances in old age – a troubling issue that needs to be discussed in families across the country. That’s according to HomEquity Bank experts, […]
Survey: 61 per cent of Canadians don’t know their options if they can’t pay their mortgage
Many Canadians own or aspire to purchase property – but mortgage literacy is lacking TORONTO, June 2, 2014 /CNW/ – The majority of Canadian adults (61 per cent) don’t know what options are available to them if they can’t pay their mortgage, according to a survey of 1,500 Canadians released today by Lawyers’ Professional Indemnity […]