Scrabble letters on a wooden surface highlighting Vendor Take-Back Mortgage Options

When Can a Vendor Take-Back Mortgage be Useful?

Matthew Jackson Alternative Mortgages

Non-traditional mortgage options are becoming more popular these days following mortgage insurance and qualification changes. Implemented by the federal government, these changes have made it increasingly difficult for many Canadians to buy a home, particularly first-time homebuyers. One such option is a vendor take-back mortgage (VTB). With this solution, the seller extends a loan directly to the buyer. A VTB …

A clock, a miniature house, and piles of coins increasing in size; highlighting the options available for mortgage renewal

Renewing Your Mortgage? It’s Important to Weigh Your Options

Matthew Jackson Mortgage Renewals

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 …

Man in suit handing over keys to home owner illustrating buying a home through a private mortgage broker

When Does a Private Mortgage Make Sense?

Matthew Jackson Alternative Mortgages

Stress test mortgage qualification requirements that were introduced last year have resulted in many more Canadians becoming familiar with private mortgage options out of necessity. Prior to this change, many borrowers viewed the world of private lending as somewhat of a mystery. Private mortgages have been around for years, but they were often reserved for people who had credit or …

Tiny white and red model houses in a diagonal row, in reference to the housing market and mortgage professionals

The Housing Market and You

Matthew Jackson Mortgage Tips

As we wind down 2018, we can look back at the housing market and see that affordability was the big topic across Canada. We have weathered many challenges in the housing market, from gloomy predictions of housing bubbles and increasing debt loads, to eroding affordability due to continued government rule changes. We will, no doubt, weather these latest challenges. The …