No-Frills Mortgage Products

No-Frills Mortgages

No-Frills mortgage products typically offer a lower interest rate when compared to full-feature mortgage products. The lower rate is really the only perk. Here’re some drawbacks to a no-frills mortgage product. Potential Lack of Portability No-Frills products may not let you take your mortgage with you if you purchase another property before your mortgage term […]

Shared Equity Mortgage Pros and Cons

Shared Equity Mortgage

The First-Time Home Buyer Incentive will be ready to receive applications on September 2, 2019 (barring any unforeseen circumstances). The first closing will take effect on November 1, 2019. If you are considering using this program, make sure you learn the pros and cons that come with the shared equity mortgage. PROS OF FIRST-TIME HOME […]