Whether you’ve made an offer on a home already or are still in the process of looking, you already understand that buying a home is likely the largest investment you’ll ever make. When it comes to your mortgage application, there are a few things that you should avoid doing while you’re waiting for approval [...]
When it comes to getting a mortgage, there are a few things you can do in advance to make the mortgage process easier! getting pre-qualified The purpose of mortgage pre-qualification is to help you get a general idea of what you can afford when shopping for your new home. Pre-qualification will take your own [...]
Self-Employed and Seeking a Mortgage. Approximately 20% of Canadians are self-employed, making this an important segment in the mortgage and financing space. When it comes to self-employed individuals seeking a mortgage, there are some key things to note as this process can differ from the standard mortgage. Qualifying for a Mortgage In order to [...]
When it comes to mortgages, it can be easy to get overwhelmed by the sheer number of options! Fortunately, we are here to help! Below are some of the mortgage details that you should understand to ensure that you are getting the best mortgage for YOU: Interest Rate Type Interest rate is one of [...]
A second mortgage is a mortgage that is taken out against a property that already has a home loan (mortgage) on it. Generally people take out second mortgages to satisfy short-term cash or liquidity requirements, have an investment opportunity or to pay off higher-interest debts (such as credit cards and student loans) that a [...]
A reverse mortgage from HomeEquity Bank is designed to give Canadians 55+ access to up to 55% of their home equity, tax-free. CHIP Max provides loan amounts that are higher than the standard CHIP Reverse Mortgage. If your client requires more money than the CHIP Reverse Mortgage provides, CHIP Max can be a great [...]
When it comes to the winter season, it can be easy to go overboard when it comes to heating – but there is a better way! With a little awareness – and the right preparation – heating your home this winter won’t have to cost you a fortune. To help you save, we have [...]
It’s natural to have uneasiness over the state of your retirement preparedness due to the inherent uncertainties involved: How long will I live? Will my health or my spouse’s health fail? and when? How much will my current assets and investments grow in value? How will inflation impact the next 5, 10 or 20 [...]
4 Methods to Melt Your Financial Stress. If you lost your job tomorrow, would there be a list in your head right away of things you could do to hang on or would you just be at a complete loss? Financial knowledge will allow you to better assess your options and create a plan [...]
Building or renovating your own home is such an exciting time and allows you to create something tailored to you and your family! But when it comes to construction mortgages, there are a few different types of loans: new construction and even pre-construction. Let’s break it down so you can determine the best choices [...]
