The Interim Occupancy Date So, you bought a new condo and you got your letter that you can move in. It has the term Interim Occupancy bolded with a move in date. This was the interim occupancy date. You may be excited, but, for me, that wasn’t a pleasant notice. It was at the time, […]
Mortgage Guides
Important guides about mortgages.
How to Buy a House in Ontario – Home Buyers Guide 101
Even with the new mortgage rules that came out in 2018, or the pandemic of 2020, the process for buying a house is the same. And it’s simple. From a very high level overview, it’s about finding a home seller and then signing a contract with that seller to buy that house. That’s really all […]
Finding Mortgage Lenders When You Have Bad Credit
Banks are usually the first place people turn to when looking for a mortgage. But, when you have bad credit, they’re not so helpful. If you have a credit score lower than about 600, you’ll need to get a mortgage from a B lender or private mortgage firm. A lenders are the big banks. B […]
What is a Mortgage?: The Complete Guide for Home Buyers
What is a Mortgage Loan (Canada)? Mortgage Simple Definition In it’s simplest terms, a mortgage is just a loan. Usually it’s the biggest loan you’ll ever take, but, it’s still just a loan. But, there is a little more to it. It has a collateral attached to it. A collateral is something that is used […]
Bank or Mortgage Broker: Should I Use a Mortgage Broker?
A major question for mortgage seekers is whether to use your bank or use a mortgage broker. Let’s see why we would use one over the other. But, first, let’s learn about mortgage brokers. What are Mortgage Brokers? Mortgage brokers are individuals or companies that can help prospective homeowners find a mortgage loan for you […]
Make Your Assets (Mortgage) Tax Deductible
The Tax Deductible Mortgage All the titles I’ve read about this topic always say something to the effect of: Make Your Mortgage Tax Deductible. Although the titles say that, I believe it’s only used because that’s what everyone searches for. The fact is, your mortgage is never tax deductible (in Canada) unless it’s inside your […]
How to Find the Best Mortgage Rate (and what not to do)
We all want to find the best mortgage rate. Is checking out the lowest rate on the internet the best way to find your mortgage? It’s not. The short answer to this is to get a good mortgage broker. If you want to know more about why, then keep reading. I’ve bought 2 homes in […]