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
Establishing Credit History
When you pay your charge card, electricity or even water bills, you’re establishing your credit track record and developing a good credit ranking. Having a good credit score will show banks, loan providers, as well as mortgage businesses that you are financially sensible as well as able to make normal repayments. In the end exactly what this achieves, is it … Read More
Having Trouble Repaying Your Mortgage?
Many Canadian home owners battle annually to keep up with mortgage repayments and are met with issues in paying back their mortgage loans. Just lately, the Canada Mortgage and Housing Corporation (CMHC) launched a campaign to help consumers understand the need to assist lenders to seek out solutions to their repayment challenges. FamilyLending.ca is here to help you to understand … Read More
Agricultural Mortgage Rates and Information
Although agricultural mortgage rates are similar to consumer’s home mortgages, they can be a lot more flexible when it comes to payment options, tenure period, and also the transferability of financial debt. If you happen to have acquired a farm, or maybe are currently contemplating getting yourself into the farm industry, now is a good time to make contact with … Read More
First Time Home Buyer Mistakes to Avoid
Not Knowing What You Can Afford What the banks say you can afford, isn’t necessarily what you should spend on your first home. If you don’t already have a budget for your home hunt, now’s the time to start planning. The mortgage brokers at FamilyLending.ca recommend making a list of all of your monthly expenses (excluding rent, of course). Subtract … Read More