Mortgage Refinancing: How Does It Work & What Are the Benefits?
A Look at Mortgage Refinancing & How It Can Benefit Homeowners Refinancing, in its simplest definition, is when you take out a new mortgage to replace your current one, either for the same amount or slightly more money. But what is the purpose of refinancing? In some cases, refinancing can save you money and offer […]
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Does Renewing a Mortgage Early Cost or Save You Money?
TL;DR: Renewing your mortgage early can save you money if interest rates are rising—but locking in too soon or without comparing rates could cost you more in the long run. This guide breaks down when early renewal makes sense, what to watch out for (like penalties and missed savings), and how to get the best […]
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Mortgage Renewal Tips
Tips for Finding the Best Mortgage Before It’s Time for Renewal Often, when a mortgage term is up, many Canadians automatically renew instead of looking for a better deal. Ottawa mortgages are no different, as renewal often seems like an easier option. If your financial situation has changed, you might want to look at your […]
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Home Equity Loan Vs Home Equity Line of Credit – Which Is Best for Me?
Breaking Down the Key Differences between a HELOC and Home Equity Loan Many homeowners often find themselves in a position where they need to borrow against the equity in their home but are unsure of what option they should choose. Is it better to get a home equity loan or a Home Equity Line of […]
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