Mortgage Prepayment Benefits and Penalties: A Guide
Are you considering paying off your mortgage earlier than what the term requires? If you’re able to do so, it’s a good idea to read up on the conditions of your mortgage agreement before making the leap. Today, we’ll go over the benefits of prepaying a mortgage as well as the risks, the latter of […]
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Everything You Need to Know About Mortgage Insurance
Pros And Cons to Consider Buying a home can be challenging. It’s one of the biggest decisions and purchases you will going to make and it’s important to gather as much information on the options you have. Saving up for a down payment is a challenge of its own, especially because it might be connected […]
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What Is The Mortgage Sliding Scale?
And How Will It Affect Your Mortgage Approval? Considering Ottawa’s recent housing prices, it is likely that you will need a higher sum of money, therefore a larger mortgage too. It is also very likely you will come across the term “sliding scale” which might sound terrifying, especially if you’re a first home-buyer. Keep on […]
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Cash-Back and No Money Down Mortgages
Everything You Need to Know Before Committing Buying a home is scary – it’s the biggest purchase of your life. Not only do you have to work hard to save up money for a down payment and get approved for a loan, but you also have to think about a lot of other expenses – […]
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