by Simon Browning | Dec 4, 2024 | Mortgages
What’s New in Insured Mortgages? Canada’s insured mortgage landscape is undergoing significant changes as of December 2024, aiming to improve affordability and access to housing: Extended Amortization Periods: 30-Year Amortizations Expanded Now available to...
by Simon Browning | Aug 26, 2024 | Mortgages
Have you heard about “Cashback Mortgages”? A cashback mortgage is a type of mortgage where the lender provides a cash incentive at the time of closing, to encourage the borrower to go with that specific lender. This incentive is typically a percentage of the mortgage...
by Simon Browning | Aug 26, 2024 | Credit Score, Mortgages
Having a good credit score plays an important role in securing a mortgage. Here’s some quick tips on how to improve one’s credit score, feel free to share! 1: Pay bills / credit on time. Even if that means just making the minimum payment. Always pay at...
by Simon Browning | Jul 18, 2024 | Mortgages
In June I asked my VIP Club members their thoughts about the pros and cons of buying a home versus renting. Quite a few responses came in, which I’ve summarized below. Pros of Buying A Home Wealth Building and Equity Growth: Building equity and forced savings...
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...
