Debt-to-Income Ratio and Why it Matters
What is a Debt-to-Income Ratio? Your debt-to-income ratio (DTI) is a numerical representation indicating how responsible you are with your finances and is used to determine the amount of risk you pose as a potential borrower. This means that lenders will be able to assess your debt load, income and history of debt repayment by … Continued
Mortgage Life vs. Term Life Insurance
Do I Really Need It? As homeowners, with a variety of obligations and responsibilities, we know that insurance is an important tool to have in our belt. One of the worst feelings we can have is worrying about the financial burden that our homes can have on our loved ones in the event that we … Continued
The Niagara Region Homeownership Program
Homeownership in the Niagara Region 2022 has been a difficult year for many Niagara residents who are trying to achieve homeownership. In many cases, homeownership is out of reach for many people in Niagara as the prices of homes go up while wages stay stagnant. So what are Niagara residents to do in this day … Continued
Knowing Your Trigger Rate and Trigger Point
Are you a homeowner in the Niagara Region with a variable-rate mortgage? If so, you’ve probably heard of the impact that trigger rates and trigger points are having on homeowners across the country. As the Bank of Canada continues to raise interest rates in Canada, it’s become increasingly important for homeowners with variable-rate mortgages to … Continued
Accelerated Mortgage Payments Make a Difference
Know Your Options Determining your payment frequency type is essential when solidifying your mortgage plans. Knowing all of your options can have a major impact on your long term payment strategy and the overall cost of your mortgage. This is when hiring a mortgage broker that you can trust comes into play. Payment Frequency Types … Continued
Plan For Your Closing Costs
Plan Ahead It’s common for a first-time home buyer to overlook their closing costs when budgeting for a home purchase. We’re aware that we’ll need to put down a deposit on a home, but there are also a number of mandatory closing costs involved to make it official. From land transfer taxes to legal fees … Continued
Should You Be Considering Alt-Lending Options in 2022?
Why are many Canadians considering alternative lending options? Alternative Lending (alt-lending) is a quick and convenient solution for many Canadians looking to purchase their first home in 2022. While traditional banks have strict requirements and long application processes, alt-lenders can typically provide loans much quicker and easier. Acquiring loans for mortgages and refinancing from traditional … Continued
Niagara Golf Marathon Charity Event
The Niagara Golf Marathon is an annual fundraiser event for Niagara-based charities. This year the event takes place on Tuesday, June 14th at the Royal Niagara Golf Club where participants will be golfing 100 holes in 1 day! This year, all the proceeds will be donated to these 7 Niagara-based charities: Niagara Health Foundation Community … Continued
Mortgage Knowledge you can rely on
Popular Posts
- Debt-to-Income Ratio and Why it Matters
- Why Get a Reverse Mortgage?
- Mortgage Life vs. Term Life Insurance
- The Niagara Region Homeownership Program
- Knowing Your Trigger Rate and Trigger Point
- Accelerated Mortgage Payments Make a Difference
- Plan For Your Closing Costs
- Should You Be Considering Alt-Lending Options in 2022?
- Niagara Golf Marathon Charity Event
- Should first-time homebuyers in Niagara be concerned about Mortgage Default Insurance?