If you’re a homeowner with a mortgage, you’ve likely heard the term “prepayment privileges” before. Some of you may be taking advantage of prepayments, while others might not be familiar with what they are. Prepayment privileges can be one of the most beneficial...
Inflation and interest rates have been making waves in the housing market, and the entire economy, for quite some time. The longer inflation stays high, the more rate hikes the Bank of Canada is throwing at it. This has, of course, had quite the impact on homeowners...
Is it time for you to contact a mortgage broker? Brokers can be an essential part of your mortgage experience, but you might not be sure if the time is right for you to get in touch. If you have questions about knowing when to reach out, read on. In this post, we...
Interest rate differential (IRD) penalties are one of the more complex parts of the mortgage world for borrowers. These penalties can affect fixed-rate borrowers who break their mortgage contract, but how exactly do they work? It’s important to understand how IRD...
If you’re new to the world of real estate and mortgages, you might be feeling a little overwhelmed with the tasks you have to do to successfully buy a home. We won’t lie, buying a home IS a lot of work. However, it’s also rewarding when you can call yourself a...
Are you a homeowner? Depending on when you purchased your home and secured your mortgage, you might be in a situation where several years have passed since you took a look at your mortgage needs. Your priorities may have changed, and as a result, your mortgage needs...