Mortgage Advice to Help You Through a Separation
With the latest stats claiming that about half of marriages end in divorce and with around three-quarters of Canadians being homeowners, it’s important to know how to handle your mortgage if you decide to separate. Here’s a quick list of things to consider. Keep making your payments. A mortgage is a legally binding contract between you and the lender. It doesn’t take marriage into account. If your name appears on the mortgage, you're responsible for making sure the regular
Mortgage Renewals With The Same Lender Are On The Rise, But Should You Just Sign On The Dotted Line?
Source: www.mortgagearchitects.ca If you’re in a mortgage that’s coming up for renewal in the coming months and you’re considering just staying with your current lender, you wouldn’t be alone. According to the Canadian Mortgage and Housing Corporation’s (CMHC) Residential Mortgage Industry Report released in the summer, in 2018, the number of mortgage renewals with the same lender increased by 16 per cent over the previous year. The report suggested one of the factors that
3 steps to saving money at renewal time
Want to know how to save money at mortgage renewal time? Get your mortgage renewal letter and offer from your lender. Send this letter to us and ask if this is the best deal. As your mortgage brokers we will look at what you have been offered and let you know what other options are available in the marketplace. After an assessment of the market we will let you know if you should sign at your current lender or if you can save money by moving somewhere else. Sometimes the
What do we mean by "the right mortgage for you"
I was working with some clients recently who asked me to outline the 3 best choices for them. They were refinancing their mortgage and...
Is your Mortgage Renewal Date Approaching?
When people buy a home they pay more attention to their mortgage. It is going to be a new monthly payment and there is lots of options to consider.... 5 years later you typically get a letter in the mail saying here is what we are going to offer you to continue with your existing mortgage for the next 5 years. It usually has a check box that you select and send back to say you are compliant with this idea. Is this what is best for your pocket book? Sometimes yes & someti
