Below you'll find a list of all posts that have been tagged as “amortization”
Buying a property is considered a good investment if you can afford it. But for some, having a mortgage loan to pay off over 25 years can seem like too long. With this, you may be wondering whether or not you should pay off your mortgage early. In this article, I discuss what happens when you pay off your mortgage …
Are you looking for a mortgage, but aren’t sure the difference between uninsured mortgages or an insured mortgage? Well, you’re in luck, because this blog post will give you all of the information. I will chat through insured vs uninsured mortgages, who the insurance protects and how it’s different from home insurance. Insured vs uninsured mortgages. When you receive …
If you’ve spoken to your bank or a mortgage broker, you’ve probably heard the term “conventional mortgage”. It may honestly feel a little daunting speaking to a professional and not fully understanding the different types of mortgages and what everything means. I’m here for you! In today’s blog, I’ll be sharing the advantages of going with a conventional mortgage. Conventional …
Here’s the situation… you’re buying a new home and you’re so excited! But you know that this is a transition home that you will sell within five years. This home will last you for a couple of years before you’re ready to buy your forever home that’s bigger for your family, or maybe even in a different neighbourhood or city. …
There will be times in our lives when unexpected things happen and we find ourselves having trouble coping financially. The fear could be made greater when you calculate your bills and how much money you’re bringing in. Things like a job loss, an unexpected illness, a death of a loved one, a divorce or a separation can all make this …
For homeowners, there may come a time when refinancing mortgages of your properties will be something you need to consider. Owning a home allows you the opportunity to build credit, grow equity and invest in your future. As a homeowner, it’s important to understand all aspects of refinancing a mortgage. In this blog post, we’ll discuss what a mortgage refinance …
There has never been a good time to miss a mortgage payment. While Canadian lenders stepped up and offered mortgage deferrals to those affected by COVID-19, there are still homeowners unable to make their mortgage payments. According to Canadian Mortgage Trends, one in 20 homeowners said they missed a recent mortgage payment due to the pandemic. The survey from Forum …
While the world may seem like it’s completely different than it was a month ago, I wanted to shed some light on the mortgage situation. If you’ve been required to go into self-isolation or have been laid off from work, you are probably questioning how you’ll make your next mortgage payment. In this blog post, I will share what the …
Every time you’re in the market for a new mortgage, it’s beneficial to spend as much time considering your options as you did for your very first mortgage. This will ensure you save the most money possible throughout your mortgage term. A number of different factors such as the rate, term, amortization period, and prepayment will determine which mortgage is …
As is the case with many aspects of our lives, securing a mortgage on a new or existing home can be a lot less stressful – and a whole lot more straightforward – when we’re prepared. There are many common mortgage mistakes people make that are easily avoidable when you know the facts. Here are the top three mistakes and …
