by Simon Browning | Jun 3, 2024 | Mortgages
As a homeowner, you may have heard of second mortgages but not fully understood what they are or why they could benefit you. Let me explain. A second mortgage is a loan that uses the equity in your home as collateral. It allows you to borrow against the value of your...
by Simon Browning | May 18, 2024 | Mortgages
When looking for a mortgage, you have many decisions, including choosing the mortgage terms and amortization. These are two big decisions when choosing your mortgage. Here’s what you should consider when deciding. What are Mortgage Terms? Your mortgage terms refer to...
by Simon Browning | May 17, 2024 | Mortgages
Entrepreneurship can be an exciting journey, which is why approximately 20% of Canadians choose to pave their own path. If you’re self-employed, getting approved for a mortgage can be challenging. Whether you’re incorporated and pay yourself via salary or are a...
by Simon Browning | May 17, 2024 | Closing Costs
One of the biggest closing costs to keep in mind when purchasing a new home is the land transfer tax. If you’re buying in Toronto there are 2, one for Toronto, and one for Ontario.First time home buyers will receive provincial and municipal rebates, however these...
by Simon Browning | May 16, 2024 | Mortgages
Getting pre-approved is a crucial first step when buying a home. It tells you how much you can spend on a home between your down payment and the approved loan amount. Sometimes, though, the pre-approval amount is lower than what you expect, which can be frustrating...