Making the decision to get a mortgage can be very nerve wracking. Why? Because it is probably the biggest financial decision you have ever made and will ever make in your lifetime. There are different types of mortgages and there are different interest rates. There’s your bank telling you to acquire your mortgage from them, and there are brokers who say they can get you a better rate. It can be just as confusing to first time home buyers as it is to those looking for a second mortgage. The industry is immense and sometimes you need your questions answered ASAP.
Unfortunately, you cannot just walk into an open house and tell the realtor you would like to purchase the home. If you are looking to buy a house, you will need a mortgage. A mortgage is a loan secured by real estate and it is a crucial part of becoming a home owner.
Mortgages Mortgages is your one-stop-shop for all things mortgages. We have provided the resources necessary to help you understand everything that goes in to securing funding for your dream home, vacation home, rental property, and more. We cover everything from those new to Canada looking to buy a home to those that are self-employed and need funding. The housing market in Ontario is a vast landscape that can be tricky to navigate without the right tools. Well, we have the tools and we have the talent to get you all the info you need to comprehend mortgages and lending.
We are a group of dedicated Ontario mortgage professionals that want to share our knowledge and expertise with you so you can find the best mortgage possible. Our combined years working in the world of mortgages has made us seasoned pros who want to share our knowledge with you. We all come from different backgrounds but what we have in common is our burning passion for mortgages. We are brokers and we know the ins and outs of the business. We have built relationships with lenders to make sure you get the right rate and the perfect mortgage package to fit your needs.
This is a resource centre created to allow you to understand the mortgage process. Everything you need to know about mortgages is here. Use this site as your guide to understanding why your mortgage is important and how you can use it to your advantage.Back
Your home is your most valuable asset. It is probably the single largest investment you will make in your lifetime. Your home is more than a place to rest your head and raise a family. Your home contains equity. It is a treasured resource and in some cases, can even be used as an ATM (aka cash back mortgages and HELOCs – don’t worry we’ll get there).
Everyone who is looking to purchase a home will need a mortgage. But, what is a mortgage exactly and why do you need it? Besides being the term to describe a loan secured by real estate, a mortgage allows you to access funding to procure your dream home.
There is a massive difference between mortgages and home equity loans. Read More
The Bank of Canada had hiked the interest rates on three separate occasions over the past eight months. Read More
Many first time home buyers have heard the term “mortgage insurance” but may not understand what it is and why it’s necessary to have. Read More
For new homeowners, or for those looking to renew a lease, rising interest rates will have an effect on your finances. Read More