Second Mortgages vs  Refinancing

Second Mortgages vs Refinancing

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...
Common Mortgage Terms

Common Mortgage Terms

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...
Self-Employed Mortgages Made Easy

Self-Employed Mortgages Made Easy

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...
How Much Are Land Transfer Taxes in Ontario?

How Much Are Land Transfer Taxes in Ontario?

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...