Is It Worth Refinancing My Mortgage?

familylendingMortgage Talk Canada

Should you refinance early in order to benefit from low rates? Are you considering refinancing your mortgage? Early refinancing has become a bit of a trend; not surprisingly though, everybody is aiming to save money where they can. Securing a new loan with far better interest rates for your home might mean saving money on monthly low mortgage rate payments, … Read More

Mortgage Life Insurance

familylendingMortgage Talk Canada

Is this coverage right for you? Another thing to take into consideration during your low mortgage rate shopping process is Mortgage Life Insurance, which is different than Mortgage Default Insurance. What is Mortgage Insurance? Mortgage Insurance is also referred to as mortgage life insurance and creditor insurance. In Canada, banks use post-claims underwriting for Mortgage Insurance. They only confirm that … Read More

Should I Rent Or Buy?

familylendingMortgage Talk Canada

Are you ready to take the leap into homeownership? Weighing out the pros, cons, costs, and considerations is the best way to help you determine if you are ready to own a home. Renting Pros Renting is a wonderful first step to living on your own. Given that it lacks long term commitment many rental agreements generally only last one … Read More

Understanding Mortgage Insurance and CMHC

familylendingMortgage Talk Canada

Do I really need mortgage insurance? A down payment serve as a form of security– so the larger your down payment, the better. If you have a greater amount of equity built up in your home, unforeseen circumstances may be more easily managed, and you’ll be less likely to default on your mortgage. Lenders commonly group low mortgage rate shoppers … Read More

Understanding Mortgage Insurance and CMHC

familylendingMortgage Talk Canada

Do I really need mortgage insurance? A down payment serves as a form of security– so the larger your down payment, the better. If you have a greater amount of equity built up in your home, unforeseen circumstances may be managed easier, and you’ll be less likely to default on your mortgage. Lenders commonly group low mortgage rate shoppers that … Read More