Mortgage rates are rising, making it difficult for new home buyers to afford the home repayments. Here are some tips to help new homeowners keep their mortgage payments within their budget. Understanding the Mortgage Types The first and most important thing you must understand is the mortgage...
With the current trends in the housing market, homeowners could save tens of thousands on their mortgages by refinancing their mortgage. When COVID-19 hit North America, many Canadians experienced immediate effects via loss of job, leading to reduced income. To minimize the impact of the virus,...
As an alternative option to home equity loans, a home equity line of credit – or “HELOC” – is a loan in the form of a revolving line of credit that is secured by the equity contained in your home. Because the loan is directly...
