CHOOSING YOUR AMORTIZATION

Mortgage Matters Blog KEEPING IT SIMPLE! CHOOSING YOUR AMORITZATION The choice of your mortgage amortization period, representing the number of years required to become debt-free, is a decision of great consequence as it directly impacts the total interest you’ll pay over the life of your mortgage.  The amortization is also known as the life of…

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WHAT IS CREDITOR MORTGAGE INSURANCE?

Mortgage Matters Blog KEEPING IT SIMPLE! WHAT IS MORTGAGE INSURANCE? Why is it so important? Securing your dream home involves more than signing a deed—it requires safeguarding against unforeseen circumstances. Enter creditor mortgage insurance, a crucial shield for homeowners. Simply put, this insurance serves as a safety net, offering financial protection for your loved ones…

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LOOKING BEYOND MORTGAGE RATES

Mortgage Matters Blog KEEPING IT SIMPLE! LOOKING BEYOND MORTGAGE RATES While it’s tempting to rely on comparing mortgage rates as the ultimate method for securing the best mortgage deal, this approach doesn’t always hold up in various scenarios. Here are three compelling reasons why making a decision solely based on rates may not be the…

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BUDGETING TOWARDS HOMEOWNERSHIP

Mortgage Matters Blog KEEPING IT SIMPLE! BUDGETING TOWARDS HOME OWNERSHIP Transitioning from renting to homeownership is one of life’s most momentous decisions. However, this shift can become quite taxing if you fail to plan ahead, establish a budget, and save money before embarking on your homeownership journey. Budgeting plays a pivotal role in mitigating the…

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WHY A MORTGAGE PRE APPROVAL IS SO IMPORTANT

Mortgage Matters Blog KEEPING IT SIMPLE! WHY A PRE APPROVAL IS SO IMPORTANT! Before embarking on your quest for a new home, obtaining a mortgage pre-approval is a non-negotiable prerequisite.  Along with my guidance, this equips you with the confidence needed to navigate the home-buying process effectively.  With a mortgage pre-approval, a seasoned mortgage specialist,…

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WHY WORK WITH A MORTGAGE PROFESSIONAL

Mortgage Matters Blog KEEPING IT SIMPLE! WHY CHOOSE TO WORK WITH A MORTGAGE PROFESSIONAL (LIKE ME!) In Canada, securing a mortgage typically involves two main options: either through a bank or with the assistance of a licensed mortgage professional. Banks, as a rule, offer mortgage products exclusively from their own institution. In contrast, licensed mortgage…

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