8 Things to Be Aware of When Buying a Second Home

familylendingMortgage News, Mortgage Talk Canada

You can afford a second home, let us show you how! Now that low interest Canadian mortgage rates are readily available, it seems like the perfect time to invest in a second home. Here’s what you should know before purchasing a second property. Things to Learn About Before Buying a Second Home 1) Do your research. You will need to … Read More

A Few Things to Ask Your Mortgage Broker

familylendingMortgage News, Mortgage Talk Canada

There are no silly questions. Listed below are a variety of questions to think about when speaking to your mortgage broker: How long have you been working in the mortgage industry? Years of experience is essential when it pertains to taking care of challenging mortgages. What type of education or licensing do you have? You need to confirm that your … Read More

Additional Costs of Buying a Home

familylendingMortgage News, Mortgage Talk Canada

Plan for these unanticipated costs when creating your budget. A number of first time homebuyers are often shocked when they see the total cost of their home purchase, including the additional expenses, on closing day. Here’s a list of a few of the “hidden” expenditures you should expect to pay. Land Survey Despite the fact that most lenders may agree … Read More

Bank Or Broker?

familylendingMortgage News, Mortgage Talk Canada

Who should you consult for your mortgage pre-approval? Handle your mortgage like every other major purchase– that is, be sure you make the effort to compare rates and shop around. Not every Canadian mortgage rate is the same. Bank Rates When you visit a bank, it’s worth bearing in mind that their loan officers are paid to sell you their … Read More

Bridge Financing

familylendingMortgage News, Mortgage Talk Canada

Bridge the gap between one mortgage and the next. What happens if you find your perfect home the day after you put your current home on the market? Like many people, you probably get excited. Don’t worry! There is an answer– bridge financing. What is Bridge Financing? Bridge financing is short term financing that’s based on the equity you have … Read More