Could Your Mortgage Use a Spring Check-Up?

Mortgage Review

Now that spring has sprung, it’s the perfect time for your annual mortgage check-up. If you make time for a quick review each spring, it may yield you some fruitful financial savings. A mortgage review will examine the most common potential monthly savings opportunities, including high-interest credit card debt or fixed loan payments. Reviewing your […]

Mortgage Stress Test

Mortgage Stress Test

The “stress test” rule can be a little complicated to understand. Here’s a break down of why the rule exists and how it will apply to your mortgage. What does the mortgage “stress test” really mean when applying for a mortgage? When you buy a home in Canada your mortgage is “stress tested” to ensure […]

Mortgage Renewal

Mortgage Renewal

Is it time to renew your mortgage? Before signing a lender’s renewal notice, educated yourself on the renewal process. One mistake could cost you thousands of dollars. 3-6 months before a mortgage term is complete, most lenders will send a mortgage renewal notice in the mail or email information to their clients. The notice will ask […]

Homeowners New Year’s Resolutions

Mortgage Tips

As we take in a new year we think about ways to improve in 2017. Here are some simple New Year’s resolution tips for a homeowner. Whether your goal is to lower interest costs, pay off your mortgage sooner or prepare for higher rates at renewal time, any bit will help you financially. It is […]

A Must Read Before Renewing Your Mortgage

Mortgage Renewal

Mortgage renewal time is a great opportunity to revisit your financial goals and ensure you are renewing your mortgage with your future needs in mind. With busy lives and lack of advice, borrowers leave it to the last minute to sign their mortgage renewal papers. Sixty-five percent of borrowers follow the path of least resistance and […]