Is it better to get a fixed or variable interest rate on your mortgage right now? With a quickly changing housing market and rapidly increasing interest rates, as a Hamilton Mortgage Broker we receive calls from our clients that are more torn than ever about whether to go with a Variable Rate or Fixed Rate […]
If you were fortunate enough to lock in your mortgage into a fixed-term mortgage within the last year or two, you will most likely have a historically low interest rate. But what if, like many others, you now find yourself in a situation where you need additional funds? This may be for such things as […]
As a St Thomas mortgage broker, we often get asked “when is the best time to refinance my mortgage?” Like many questions, there is not always an easy answer. The answer will depend on many factors that are unique to your situation. Are you up for renewal? Everything being equal the best time to refinance […]
What a change a few months can make! With two years of record-low rates and a blistering hot real estate market, many thought the low rates and rising prices, would go on forever. The low rates were welcomed by all, with 5yr fixed rates under 2%. The rising prices were welcomed by current homeowners and […]
With real estate prices at historic highs and affordability seemingly farther away than ever before, many people are tempted to enter into a Rent to Own agreement. They promise to provide the allure of having a portion of your rent going towards your down payment and locking in a purchase price and at the same […]
Are you currently shopping around for a mortgage? When considering which mortgage to use, asking as many questions as you want is always advisable. Purchasing a home and the mortgage that you will set up to finance your purchase are often the two largest financial decisions that you will ever make. You must know all […]
As a Grimsby mortgage broker, I deal with many customers looking to take out a second mortgage. A second mortgage has benefits if done for the right reasons and knowing whether it is a good choice for your situation is something our Grimsby mortgage broker team can help you with. We’ll go over everything that […]
Our Hamilton mortgage broker team knows how big of a role that interest rates play in the financial market and lending costs. When interest rates are high, lenders have more incentive to provide homebuyers with the mortgages they need, because they profit from high-interest rates. Interest rates that are too high can negatively impact the […]
When you are looking to buy a home, your first step is finding a Hamilton mortgage broker. It can feel a bit overwhelming if you are doing this for the first time. There is a lot of information to take in and it’s important that you ask the right questions before you actually commit to […]
Buying your first home can sometimes feel overwhelming, especially with all the paperwork needed. As an Oakville mortgage broker, I give clients a checklist to follow that will hopefully make things a bit simpler. Check Your Credit Before you do anything, you need to check your credit score through Equifax. There are others that advertise […]