What Is an Interest Rate Differential (IRD) Penalty?
If you’re a homeowner or potential homebuyer in Canada, understanding interest rate differential (IRD) is crucial when dealing with mortgages and refinancing. The IRD penalty is an essential concept that comes into play for borrowers who wish to break their mortgage contract early or refinance. In this article, we’ll dive into the intricacies of IRD, […]
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Tips for First-Time Home Buyers
Mortgage Brokers in Ottawa Offer Advice to Make First-Time Home Buying Less Overwhelming With a seemingly endless amount of mortgages to choose from these days, choosing the right mortgage can be overwhelming, especially for first-time home buyers. You need to find a mortgage that will suit your current financial situation while also taking into consideration […]
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A Guide to First-Time Homebuyer Incentives
Getting the Assistance You Need to Stop Renting and Purchase Your First Home Buying your first home was once considered an important milestone for any adult. But in recent years, many millennials are dismissing the idea of buying due to limited financial resources and choosing to rent instead. With housing markets across the country heating […]
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What You Need to Know About Your First Meeting with a Mortgage Advisor
Buying a home can be exciting, terrifying, and stressful all at the same time. Having someone help you through the process can help you buy a home with confidence. When you’re meeting with a mortgage broker for the very first time, it’s important that you bring the information they need to help you and ask […]
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