Facing Higher Mortgage Payments at Renewal?

Facing Higher Mortgage Payments at Renewal?

One of the biggest concerns homeowners are facing right now is significantly increased mortgage payments at term renewal. Many Canadians who locked into historically low interest rates several years ago are now approaching renewal in a much different rate environment....
Exploring Multiple Down Payment Sources

Exploring Multiple Down Payment Sources

When most people think about buying a home, the biggest hurdle is often the down payment. While personal savings are the most common source, they’re far from the only option. Understanding the different ways you can fund a down payment may open doors you didn’t...
Wondering How Your Mortgage Payment is Divided?

Wondering How Your Mortgage Payment is Divided?

Many homeowners are surprised when they first learn how their mortgage payments are allocated. If you’ve been paying your mortgage for a few years, you may assume that each payment is steadily chipping away at your principal balance. In reality, during the early years...