Can You Add Renovation Costs to Your Mortgage?
Home renovations can add a lot of value to your home both in terms of your house’s market value and in terms of your own enjoyment. Major home renovations however
Five Pros and Five Cons of Reverse Mortgages
If you are a Canadian over the age of 55, you have probably heard about reverse mortgages and you may be wondering if they are right for you. Simply put,
Almost Half of Mortgages Up for Renewal this Year
According to a report that was recently released by CIBC Capital Markets, 47% of mortgages in Canada will be up for renewal in 2018. This is a significant increase from
When does a private mortgage make sense?
If you are having difficulty in qualifying for a traditional mortgage, getting a private mortgage may be a solution to help you get into or stay in your home. In
New Mortgage Rules Have Unintended Consequences for Renters
The new mortgage stress test rules are starting to show their effects as more renters decide not to enter the housing market. Consequences for renters One of the unintended consequences
Things to Consider Before Getting a Second Mortgage
Taking out a second mortgage or home equity line of credit (HELOC) can be a great way to get the cash you need for things like home repairs, children’s tuition
Why It Might Be a Good Time to Choose a Variable Rate Mortgage
One of the choices you will have to make when you apply for a mortgage is whether you get a fixed rate mortgage or a variable rate. The majority of
The Good, The Bad and The Ugly of Debt Consolidation Mortgages
Between their credit cards, student loans, and lines of credit, many Canadians are struggling with debt. If you’re reading this article, maybe you can relate. It can be frustrating to
3 Practical Tips to Help You Pass the Mortgage Stress Test
It just got a little tougher for Canadians to get approved for mortgages. As you may know, new rules introduced the beginning of 2018 introduced a stress test – the