House hacking can help you slash your housing costs and build up your home equity faster. Here's how it works in practice and how to do it right.
You won't find FHA mortgage loans in Canada, but there's an alternative available from a government-owned corporation that offers similar features.
A collateral mortgage is a way to finance your home purchase and gain access to a line of credit. Find out if this type of mortgage is right for you!
A mortgage amortization period affects many elements within your loan. Explore what you should consider before you decide on which is best for you.
The listing price is far from the real cost of your new home. Insurance, taxes and other closing costs could add 25% on top.
A mortgage is likely the biggest purchase you'll ever make. We guide you through the steps, from start to finish.
Getting a mortgage might feel like one more hoop to jump through before buying your house, but it's worth slowing down to learn more about your loan.
Confused about the differences between open and closed mortgages? Here's how they compare with one another and how to select the one right for you
Your mortgage payments are made up of two components: principal and interest Here's how each is calculated and how they affect one another.
A blend-and-extend mortgage is an alternative way to obtain a lower mortgage rate without having to refinance and pay a steep prepayment penalty.
Are you looking to move to a new home, but wish you could take your mortgage with you? By porting it you can do just that. Here's how it works.
Both fixed-rate and variable-rate mortgages have their benefits and drawbacks. Here's what each has to offer, and how to pick the one right for you
Knowing the rules that govern mortgages in Canada can arm you with the knowledge to better qualify for one. Learn the basics using this helpful guide.
Could you use a bit of extra cash after taking possession of your new home? If so, you might want to explore what a cash back mortgage has to offer
Are you looking to make a small down payment toward your home purchase? If so, you'll likley need a high ratio mortgage. Here's how it works.
Mortgage interest may seem like a straightforward concept, but in reality, things can get a bit technical and murky. Here's how it work in detail.
Thinking of breaking your mortgage contract? If so, you might have to pay a penalty known as the Interest Rate Differential (IRD).
A down payment is a sum of money you pay upfront when purchasing a home. But is a down payment necessary? And how much do you need to contribute?
We've compiled everything you need to know about one of the most critical parts of buying a home: mortgage pre-approval.
What if a form could potentially save you thousands of dollars on the purchase of your brand-new home? Here's what you need to know.
Co-owning property is a big commitment. Discover the difference between joint tenants and tenants-in-common and how each could affect you.
When you’re in the market for a mortgage, your local bank is not the only way. So, what's the difference between a bank and a broker?
Are you keen on buying your first home but short on money? The Home Buyers' Plan can help by turning your RRSP into your own personal bank.
A majority of Canadians plan to own a home someday, but it remains inaccessible for 50% of Canadians age 18 and over, according to recent data compiled by the Canadian Professional Accountants of Canada (CPA Canada).
Thinking of getting an adjustable rate mortgage? Here's how it works and why it may or may not be the right mortgage for you.
Can't decide between paying down your mortgage or investing? Here's the factors you need to consider to ensure you make the right choice for you
With a variable rate mortgage, your interest cost may change during your term. Here are the risks and benefits you can expect with this type of loan
A HELOC and mortgage are two ways to finance the purchase of a home. Before selecting one, ensure you know the pros and cons of each.
Refinancing your mortgage means you replace your existing mortgage with a new one. Here's how it works and when its worth pursuing.
A mortgagee is a lender that provides financing for a borrower to purchase a home. Here's what rights they have and who can act as one
If you have a mortgage, you've probably heard of the concept of home equity. Here's what it means and how it can help you secure low-cost financing.
Buying a home has long been seen as the best way to generate wealth in the long term. But, today's hot real estate market is breaking all the rules.
Real estate professionals charge commission fees for helping people buy and sell homes. Here's how they work and what you can expect to pay.
If you're an aspiring condo owner, be prepared to pay monthly condo fees. Here's why these fees are charged, what they cover, and what to watch for.
Having trouble qualifying for a regular mortgage due to your low credit score? If so, you might want to explore what subprime mortgages have to offer.
Has your mortgage come up for renewal? If so, here's what you can expect from the process and some tips on how to make the most of it.
The real estate market can be very competitive. Learn how some homebuyers try to gain an edge by using an aggressive tactic known as the bully offer
Learn why your personal debt service coverage ratio is important, how to calculate it, and how lenders use it accept or reject your loan application
Closing costs add a considerable financial burden when you buy or sell a property. Discover which you must pay and which are optional or negotiable.
The gap between house sale closing times presents a challenge for individual homebuyers and real estate companies alike Bridge loans can fill the gap
Selling your home is a serious commitment but it doesn't have to be overwhelming. Read these seven steps to keep it simple - and successful.
First-time home buyers and seasoned property owners alike have to pass the mortgage stress test. Here is everything you need to know!
Purchasing your first home can be exciting, but probably the largest purchase you'll ever make. Learn how the BC First Time Home Buyer's Program can help trim your costs.
Mortgage default insurance is an expense you may have to incur when purchasing a home. Here's how much it could cost you - and how to avoid it
