Looking to get on the property ladder but strapped for (down payment) funds? Here, we reel out the insider scoop on High-Ratio Mortgage. If there’s anything that gets Canadians bogged down other than having to buy something online and realize a tad too late that it’s in USD and not CAD, it’s a Mortgage. .… Continue reading What is a High Ratio Mortgage?
When it comes to finances, most Canadians have the same two goals: buy a home and get out of debt. And it can feel like working towards one of those goals makes the other even harder to reach. That’s where a high ratio mortgage often comes into play. In simple terms, a high ratio mortgage… Continue reading What is a High Ratio or Insured Mortgage? (2020)
If you’ve been building equity in your home, why not use it to your advantage? You can perhaps get a better interest rate, pay for a home renovation, or pay off other high-interest debts. You may be able to achieve any of these things and more by refinancing your mortgage. What does it mean to… Continue reading What does Refinancing a Mortgage Mean?
When choosing a mortgage, it’s important to consider whether you want a closed term mortgage or an open term mortgage. The debate between a closed vs open term mortgage is one that’s worth spending some time on. Understanding the difference between them will help you make a smarter mortgage choice, so here we go. What is… Continue reading Open vs Closed Mortgage: What’s the Difference