Mortgage Blog

Are interest rates important?

Are interest rates important?

June 11, 2018 | Posted by: Carlos Tovar

What is the first thing that comes to your mind when you are thinking about getting a mortgage? If you are like the majority of Canadians you probably would say: rate. Although rate is important in ... [read more]

A pre-approved mortgage can help  you look for a home with confidence

A pre-approved mortgage can help you look for a home with confidence

June 4, 2018 | Posted by: Carlos Tovar

Looking for the home of your dreams? Many homeowners think the first step is to start going to open houses and researching the market. However, even before you start looking for a house, it can be ... [read more]

Mortgage application tips

Mortgage application tips

May 16, 2018 | Posted by: Carlos Tovar

The Importance of Being Prepared The most common reason for delays in getting approved for a mortgage is missing or incompleteinformation. As a home buyer, the best way to make sure your mortgage o ... [read more]

How much will my home really cost?

How much will my home really cost?

April 16, 2018 | Posted by: Carlos Tovar

Once you know what kind of mortgage you want and the price of the house you can afford, you should add up all of the other costs involved inbuying a house so that you know the true cost of buying yo ... [read more]

Payment Frequency Options

Payment Frequency Options

March 26, 2018 | Posted by: Carlos Tovar

Your banker and your smart brother-in-law have told you, “make bi-weekly accelerated payments and save thousands in mortgage interest!”  So, weekly acceleraeted payments should save ... [read more]

Factors That Determine Mortgage Rates in Canada

Factors That Determine Mortgage Rates in Canada

March 19, 2018 | Posted by: Carlos Tovar

For many years now, mortgage rates have remained at historically low levels in Canada. Given the significant impact that mortgage rates have on the cost of homeownership and the housing market in ge ... [read more]

Bank of Canada keeps benchmark interest rate at 1.25%, now what?

Bank of Canada keeps benchmark interest rate at 1.25%, now what?

March 12, 2018 | Posted by: Carlos Tovar

The Bank of Canada kept its key interest rate at 1.25%. However, the bank’s references to slowing household credit growth, firmer wages, and inflation running close to its two per cent ta ... [read more]

8 Things to Avoid Before You Buy a Home

8 Things to Avoid Before You Buy a Home

February 26, 2018 | Posted by: Carlos Tovar

It may seem natural to apply for a credit card at a home improvement store or a furniture store when you are about to become a homeowner but applying for credit can lower your credit score. Not ... [read more]

Are interest hikes stopping prospective home-buyers from entering the Canadian market?

Are interest hikes stopping prospective home-buyers from entering the Canadian market?

February 12, 2018 | Posted by: Carlos Tovar

Prospective homebuyers say they won’t be jumping into the Canadian housing market anytime soon if interest rates continue to rise.   According to the Canada Mortgage and Housing Corporat ... [read more]

Should I Stay Variable or Should I Lock In?

Should I Stay Variable or Should I Lock In?

February 5, 2018 | Posted by: Carlos Tovar

Your situation is going to be different from your neighbour, your best friend, any other home buyer or owner. Here are some important questions we need to tackle to determine if converting from a va ... [read more]

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