How much of a down payment do we need to purchase a home? I am frequently asked this question as a Grimsby Mortgage Broker, often by people who have pre-conceived notions either from the internet, friends and family, or late-night real estate shows. Typically, you require a minimum 5% down payment, however, due to changes […]
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 […]
A question I often am asked, as a Grimsby mortgage broker is whether it pays to have a private mortgage or not. There are some instances where it can be beneficial to a home buyer, especially if they are having a hard time qualifying for a traditional mortgage. What is a Private Mortgage? This is […]
Have you been living in your home for a while and have accumulated a substantial amount of home equity? Are you over the age of 55 and are looking for an extra source of income? Well, if this is you then you have come to the right place. Here at Canadian Mortgage Authority, we have […]
Are you currently a homeowner and have you been living in your house for a long period of time? Do you consistently make payments every month toward your Hamilton mortgage and are in need of some extra funds? Well, if this is you then you may be able to qualify for a home equity loan. […]
An increase in mortgage rates is something no new buyer or existing homeowner wants to see. But why do we always see a fluctuation in rates? To help give you a better understanding, our team at the Canadian Mortgage Authority has explained how a rise in mortgage rates can affect you. Why Rates Are […]
Obtaining a Hamilton or Grimsby mortgage can be overwhelming for any first-time homebuyer. With multiple different loan options available on the market today, our team at Canadian Mortgage Authority understands how confusing it can be trying to pick the best option for your financial situation. This is why we are devoted to educating every homebuyer […]
Staying up to date with the current residential market trends is an excellent way to know when the best time to buy is. Comparing past housing prices with current ones can help homebuyers predict where the market prices are going to head in the future. To help you get started, your local Hamilton and Grimsby […]
Private lending has for many years been viewed in a negative light, and unfortunately, often for good reason. Too often we hear of friends or family being saddled with unexpected fees and exorbitant rates, and no way out. Recent changes to government regulations have restricted the lending policies of many lenders. Because of this […]
As a potential new homeowner, it can be overwhelming trying to figure out if you should stop renting and buy a new home. Well as your local Hamilton and Grimsby mortgage broker, our team at Canadian Mortgage Authority has created a list of the top five reasons why you should buy a home […]