\Selecting the length of your mortgage amortization period — the number of years it will take you to become mortgage free — is an important decision that will affect how much interest you pay over the life of your mortgage. While the lending industry’s benchmark amortization period is 25 years, and this is the standard […]
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Who Does Insurance Protect? Mortgage life insurance is simply a life insurance policy on the homeowner which will allow their family or dependents to pay off the mortgage on their home should something tragic happen to them. This is not mortgage default insurance, as lenders require this coverage if you have less than 20% equity […]
Benefits of Using a Mortgage Professional There are generally two ways to get a mortgage in Canada: These are the Costs, Fees & Benefits, from a bank or from a licensed mortgage professional. While a bank only offers the products from their particular institution, licensed mortgage professionals send millions of dollars in mortgage business each […]
Many people find that one of the easiest and most affordable ways to access money is through the equity that they have accumulated in their home. This is a very popular option, especially when you have an excellent first mortgage in place. Canadians purchase homes for a variety of reasons. Some want the stability of […]
Are you looking to be a more involved, conscientious member of your community? Have you recently become a homeowner and are wondering how to make the most out of being part of a larger neighborhood? Then incorporating community involvement into your daily life is definitely something worth considering. From volunteering at local events, attending city […]
So, you’ve finally decided to fulfill a lifelong dream and buy your own home… how exciting! You are ready to fulfill your dream of having a place to call your own as First Time Home Buyers. Buying a home is one of the biggest emotional and financial decisions you’ll ever make. Prepare by learning about […]