Choosing the Right Mortgage Payment Frequency
Should I Accelerate My Mortgage Payments? Most potential homeowners look for ways to get the lowest mortgage rates possible. However, the length of the repayment period, called amortization, is often forgotten or overlooked. This affects how long it will take to repay your mortgage, as well as how much interest the bank will collect from […]
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Everything You Need To Know About The Mortgage Stress Test
Confused About The Mortgage Stress Test? Here’s How It Works Since 2018, all home buyers in Canada have been subject to a mandatory mortgage stress test. This applies to everyone hoping to get a mortgage, no matter what your down payment might be. Many Canadians find the stress test strict and confusing. Others have difficulty […]
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