13 Apr

Self-Employed and Seeking a Mortgage

General

Posted by: Mark Couto

Approximately 20% of Canadians are self-employed, making this an important segment in the mortgage and financing space. When it comes to self-employed individuals seeking a mortgage, there are some key things to note as this process can differ from the standard mortgage. Qualifying for a Mortgage In order to obtain a mortgage as a self-employed […]

Read More
5 Apr

Make Your Mortgage Work for You

General

Posted by: Mark Couto

When it comes to mortgages, it can be easy to get overwhelmed by the sheer number of options! Fortunately, we are here to help! Below are some of the mortgage details that you should understand to ensure that you are getting the best mortgage for YOU: Interest Rate Type Interest rate is one of the […]

Read More
31 Mar

What is the First Time Homebuyer Incentive?

General

Posted by: Mark Couto

The first-time homebuyer incentive program is a shared-equity mortgage with the Canadian government that helps qualified first-time buyers reduce their monthly mortgage payments to better afford a home! The Incentive: This program allows you to obtain an incentive from the government to assist with your down payment, thereby lowering your overall mortgage amount and, in […]

Read More
28 Mar

What is an Uninsurable Mortgage?

General

Posted by: Mark Couto

When it comes to mortgages, insurance is necessary to protect the lender on these types of loans, which deal in large sums of money. There are three different tiers relating to insurance, which all have different minimum down payment amounts and varying premium insurance fees. Insured mortgages typically have a less than 20% down payment […]

Read More
24 Mar

3 Things You May Not Know About Cash-Back Mortgages

General

Posted by: Mark Couto

It can get pretty exciting to see campaigns around “cash-back mortgages” but, before you get too far along, here are three things you might not know about these types of mortgages: Occasionally you will see campaigns on cash-back mortgages, so don’t jump at the first one you see! These types of mortgages are available through […]

Read More
22 Mar

Canada’s Headline Inflation Cools in February

General

Posted by: Mark Couto

Further Decline in Inflation in February Will Keep the Bank of Canada On Hold in April All eyes will be on the Federal Reserve tomorrow when they decide whether to hold rates steady because of the banking crisis or raise the overnight rate by 25 basis points (bps). Before the run on Silicon Valley Bank, […]

Read More
13 Mar

Preparing for the Spring Market

General

Posted by: Mark Couto

According to the Canadian Real Estate Association, the Spring market is anticipating a drop in home prices edging down approximately 6% from 2022, putting the average home price at $662,103 in 2023. The downward trend stems from rising interest rates and continued uncertainty in the marketplace. In some cases, sellers have taken their homes off […]

Read More
7 Mar

Selling Your Home in the Spring

General

Posted by: Mark Couto

Are you looking to sell your home? We have a few tips to help you make the most of the spring season! Hire an Experienced Realtor: Before preparing your home for the Spring market, you will want to hire an experienced realtor! A good realtor will serve as your guide through the entire sales process, […]

Read More
1 Mar

Is a Reverse Mortgage Right for You?

General

Posted by: Mark Couto

A reverse mortgage is a versatile and flexible financial solution for Canadians in their retirement years. Homeowners 55+ are unlocking their home equity for tax-free funds that don’t have to be repaid until they decide to sell their homes. Consider these four reasons Canadians 55+ turn to the CHIP Reverse Mortgage by HomeEquity Bank: 1. […]

Read More
12