Mortgages

Open vs Closed Mortgages: Differences Explained

Open vs Closed Mortgages: Differences Explained

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

Blend and Extend Mortgage: A Simple Guide

Blend and Extend Mortgage: A Simple Guide

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.

Mortgage Broker vs Bank: Pros & Cons

Mortgage Broker vs Bank: Pros & Cons

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?

Real Estate Commission Fees: How Much Are They & Who Pays?

Real Estate Commission Fees: How Much Are They & Who Pays?

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.

Condo Fees Explained: Here’s What You Need To Know

Condo Fees Explained: Here’s What You Need To Know

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.

Fixed Rate vs Variable Rate Mortgages in Canada: Advantages & Disadvantages

Fixed Rate vs Variable Rate Mortgages in Canada: Advantages & Disadvantages

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

Is a Cash Back Mortgage Right For You?

Is a Cash Back Mortgage Right For You?

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

A Guide to Subprime Mortgages in Canada

A Guide to Subprime Mortgages in Canada

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.

Mortgage Rules for Canadians Explained

Mortgage Rules for Canadians Explained

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.

Your Guide To The New Housing GST / HST Rebate

Your Guide To The New Housing GST / HST Rebate

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.

The Mortgage Renewal Process Explained

The Mortgage Renewal Process Explained

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.

Understanding The Bully Offer In Real Estate

Understanding The Bully Offer In Real Estate

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

Interest Rate Differential (IRD) Mortgage Penalty Explained

Interest Rate Differential (IRD) Mortgage Penalty Explained

Thinking of breaking your mortgage contract? If so, you might have to pay a penalty known as the Interest Rate Differential (IRD).

Advantages & Disadvantages of a Collateral Mortgage

Advantages & Disadvantages of a Collateral Mortgage

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!

Joint Tenants vs Tenants in Common: Which is Better?

Joint Tenants vs Tenants in Common: Which is Better?

Co-owning property is a big commitment. Discover the difference between joint tenants and tenants-in-common and how each could affect you.

Personal Debt Service Coverage Ratio: What is it & How to Calculate

Personal Debt Service Coverage Ratio: What is it & How to Calculate

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 Explained: A Guide for Buyers and Sellers

Closing Costs Explained: A Guide for Buyers and Sellers

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.

A Guide to Bridge Financing

A Guide to Bridge Financing

The gap between house sale closing times presents a challenge for individual homebuyers and real estate companies alike Bridge loans can fill the gap

A Complete Guide to the Mortgage Stress Test

A Complete Guide to the Mortgage Stress Test

First-time home buyers and seasoned property owners alike have to pass the mortgage stress test. Here is everything you need to know!

A Guide to Amortization Periods

A Guide to Amortization Periods

A mortgage amortization period affects many elements within your loan. Explore what you should consider before you decide on which is best for you.

First Time Home Buyers’ Program for BC Residents

First Time Home Buyers’ Program for BC Residents

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.

What Is The Home Buyers’ Plan?

What Is The Home Buyers’ Plan?

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.