Mortgage Articles and Resources
Second Mortgages – How do they work?
April 1, 2013
Many Canadians use a second mortgage to help achieve their financial goals; especially with the low mortgage rates that we’re seeing in today’s marketplace. Learn about second mortgages, their benefits and how to qualify…
Mortgage Penalties – The true cost of breaking a mortgage
March 11, 2013
Mortgage penalties can be a complex calculation; leaving you unclear on the true cost of breaking a mortgage. Many times it can be the basis for deciding whether buying, selling, or refinancing a property is worthwhile. It is important to have a clear understanding of what is involved and how your mortgage lender calculates this. The common charge to calculate penalties is called Interest Rate Differential (IRD). These IRD charges compensate lenders…
Your First Mortgage, Steps to Take
February 21, 2013
If you are looking to buy your first property, you might be feeling overwhelmed by all the things you need to know and the various options available. It should be an exciting time, not a whirlwind! The following are some basic steps to follow when entering this stage of your life…