mortgage tips Archives - Mortgage Rates & Mortgage Broker News in Canada

Preparing for your mortgage renewal: Tips to ease the stress of higher payments

August 13, 2024 1 Comment

Millions of Canadian homeowners are facing mortgage renewals in the coming years, with many feeling stressed as they prepare for higher payments amid persistently elevated interest rates.

Proof of down payment: The biggest hurdle for mortgage professionals

August 2, 2024 1 Comment

For mortgage professionals, verifying a client’s down payment sources can be one of the most challenging aspects of the mortgage approval process.

How a private bridge mortgage can save the day when your home hasn’t sold

July 17, 2024 No Comments

Selling your home while purchasing a new one can sometimes feel like a balancing act, especially when the sale of your current home doesn’t align with your next purchase.

Mortgage payments: Understanding timing and avoiding confusion

June 26, 2024 No Comments

Mortgage payments can sometimes be a tricky topic for some homeowners, leading to confusion about when payments are due and what time period they cover.

How new mortgage brokers are overcoming the challenges of today’s high-rate environment

January 23, 2024 No Comments

It’s no secret that the current high-rate environment has been challenging for mortgage borrowers and mortgage professionals alike.

Why mortgage brokers should know prepayment penalty calculations inside and out

March 17, 2023 No Comments

All mortgage brokers should have a comfortable working knowledge of how prepayment penalties are calculated and applied.

Attention Brokers: How Many of You are Doing Website Audits?

April 11, 2022 No Comments

The word “audit” has such a bad reputation, it should be a four-letter word, not five. You hear audit, and you think “hassle.”

10 Reasons Why Homebuyers May Not Qualify for the Best Rates

April 5, 2022 1 Comment

As mortgage brokers, we know that homebuyers are sometimes disappointed when they can’t qualify for the best rates. They inevitably always come back with one burning question: why?