How to Negotiate Your Mortgage Rate

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It’s time to start bargaining! It goes without saying that you would like to secure the lowest possible mortgage rate. With that being said, negotiating your best mortgage rate will entail some homework. This way, you’ll be able to work out a fair request. Here are a few tips on how to negotiate the best Canadian mortgage rate. 1. Be … Read More

How to Know When You’re Ready to Purchase a Home

familylendingMortgage Talk Canada

Think you are ready to be a homeowner? Here’s exactly how you can tell! 1) You have a budget Factor in homeowner’s insurance coverage, property tax, fees, upkeep costs, and the best  available home mortgage rate. 2) You have a sizeable down payment. Generally, you’ll need a down payment worth 20 % of the house price. 3) You have a … Read More

Ways to Obtain a Mortgage When You’re Self-Employed

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Own your own company? Find out how you could have a house too! Data shows that almost 20% of all income earners in Canada are now self-employed. Today, lenders desire evidence of a steady income. Here are a couple of ways to ease the process and raise your possibilities of obtaining a low mortgage rate. Document Every Penny You’ll be … Read More

How to Calculate How Much You Can Afford

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Know what you can afford – get a mortgage pre-approval. When it pertains to securing a mortgage, people would like to be aware of the amount of money they are able to borrow. The following are a few quick formulas to assist you to determine exactly what you are able to afford. Loan to Value (LTV) Lenders will only allow … Read More

How Accelerated Payments Can Fast Track Your Financial Freedom

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Fast track your mortgage with these easy tips. There are options available to help you enjoy a mortgage-free lifestyle sooner rather than later. Let’s look at the Different Types of Mortgage Repayment Options Monthly Mortgage Payments The traditional mortgage payment; where the payments are made monthly on the same day each month. Bi-Weekly Mortgage Payments You make payments every second … Read More