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 […]
Mortgage Guides - Learn All About Mortgages and Mortgage Brokers
These are extensive mortgage guides I have developed from researching numerous mortgage related sites and my own experience in buying and paying off 2 homes.
What is a Mortgage? (and much more)
Mortgage Brokers - Bank vs Mortgage Brokers - Why Use a Mortgage Broker?
How to Get the Best Mortgage Rate - It's not just about getting the lowest rate
Interim Occupancy Fees (Condo related topic)
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 […]
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. This is different from the closing date which is when you actually own the place. You may […]
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 […]
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 […]
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 […]