First Time Home Buyers - Get Your Top 5 Mortgage Questions Answered Here!
Buying a home for the first time can be a little rattling, as it is a huge financial investment and responsibility that will stay with you for years. If you are not familiar with how to buy a home and get a mortgage, then use this information to get a little insight as to what a mortgage is, and ... more...

Refinance Mortgage Lenders - Finding The Best Refinance Lender
Finding a good lender to refinance your mortgage can be almost as important a decision as the actual mortgage you choose. In order to make a wise selection of a refinancing lender you should do four things:1.Know the objective of your mortgage refinanceDo you want to lower your current interest ... more...

Hybrid Mortgages Can Save You Money
If you are a homeowner that would like to take advantage of lower mortgages interest rates but do not want to commit to a 30 year mortgage, a hybrid mortgage could be right for you.Many homeowners shunned the notion of refinancing their current mortgages because they might be moving within the next ... more...

Mortgage Glossary - A Glossary of Mortgage Terms You Should Know
Acceleration Clause A clause in a mortgage defining that the entire outstanding balance can become due and payable should mortgage default occur. If the entire balance is not paid, the property will be foreclosed.Adjustable Rate Mortgage (ARM) Mortgage with interest rates that may be adjusted by ... more...

Home Mortgage Loan Refinance - Refinancing a Fixed Rate Mortgage
Refinancing a fixed rate mortgage is usually only suggested when interest rates fall, but you can also save money by changing your loan terms. You can also pull out part of your equity to pay bills or renovate.Lower Interest RatesIn general when interest rates are at least 1% lower than your ... more...

8 Tips for Keeping More of Your Hard Earned Money
Masters degree not required...just a little common sense, a $5.00 calculator and a realistic plan is all youll need.Theres got to be a better way resonates with many of us, when contemplating how frustrated weve become with our investment decisions. Too many Canadians are spending far too much on ... more...

Fixed Rate or Adjustable?
Fixed rate or adjustable rate mortgages are two choices of mortgage loans that most lenders will offer you. Your financial situation, how long you plan to live in the home, the current interest rates, and what risks you are willing to take is the best way to decide which loan makes the most sense ... more...

Choosing The Right Mortgage For You
This article will help you understand the differences between a variety of mortgage options. There are many different mortgage products offered by the various lending institutions in Canada, so you may not know what features to look for.As you'll see, each type of mortgage has slightly different ... more...

Mortgage Questions to Ask Your Lender
Buying and financing a home today can be overwhelming. Here are some questions to ask your lender so that you can make informed decisions.Are both fixed-rate and adjustable mortgage loans available? What is the interest rate?How long can I "lock-in" the financing at the current interest rate?Is a ... more...