by Kambi Heywood | Oct 15, 2019 | Blog, Mortgage
Relatively self-explanatory, an interest-only mortgage is one where your entire mortgage payment goes to interest and does not pay down the principal mortgage amount at all. So at the end of your term, you will owe the same amount as when you got your mortgage. So you...
by Kambi Heywood | Oct 1, 2019 | Blog, Mortgage
So your family is growing! Congratulations! If you’ve thought now is the time to find a new property to accommodate your growing family, but you’re unsure how your maternity or parental leave will impact your ability to get a mortgage, you’ve come to the right place!...
by Kambi Heywood | Sep 17, 2019 | Blog, Homeownership
When looking to qualify for a mortgage, typically a lender will want to review four main areas of your mortgage application. Income, credit, downpayment/equity and the property itself. Assuming you have a great job, excellent credit, and sufficient money in the bank...
by Kambi Heywood | Sep 11, 2019 | Blog, CMHC, First Time Home Buyers, Homeownership
Launched on September 2nd 2019, the first time home buyer’s incentive is designed to help qualified first time home buyers reduce their monthly expenses. The goal is to make housing more affordable. The government of Canada has set aside $241M for the program and has...
by Kambi Heywood | Sep 3, 2019 | Blog, Mortgage
Although it’s ideal to have your mortgage paid off by the time you retire, in today’s economy, that isn’t always possible. The cost of living is considerably higher than it has ever been, and as a result, a lot of Canadians are putting off retirement, hoping to make...
