The term of your mortgage is an important factor to consider when choosing your financing program. A few quick strokes on a mortgage calculator will show that long term mortgages do, in fact, reduce your monthly payments, but do these short term savings really add up over time? The professional mortgage brokers at FamilyLending.ca take a look at various mortgage … Read More
Housing Types
From townhouses to triplexes, there are numerous types of properties available to Canadian consumers. Not sure what layout works best for your family? Then check out our explanation of typical housing types below. Your mortgage payments and regular monthly bills may change depending on the kind of house you acquire, therefore it is vital that you carefully weigh the pros … Read More
Benefits of Mortgage Default Insurance
Advantages of Mortgage Default Insurance Obtaining mortgage default insurance coverage is absolutely essential whenever you purchase a house as well as borrow more than 80% of the house’s worth. Mortgage insurance provides several advantages in the home buying process. First, it enables home buyers to get mortgage loan financing for a home using a small downpayment. This can be granted … Read More
Changing First Time Homebuyers Demographics
The demographics of first time homebuyers has noticed a considerable change in the past few years. Specifically, more single ladies are able to obtain property by building up their own personal equity and with significantly less focus on holding out to find a life companion. This means that, more single ladies are stepping into homeownership than have been in earlier … Read More
The Advantages of Searching for a Mortgage Online
Locating the best and most cost-effective mortgage has always been a cumbersome activity. Investigating interest rates, evaluating mortgage loans, as well as reviewing sources can take a substantial amount of time, effort, and expertise. Thankfully, on-line mortgage brokers, like FamilyLending.ca, are making it their mission to relieve these stresses and make mortgage browsing faster and easier. Locating the best mortgage … Read More