Can I Skip a Mortgage Payment? What will it Cost in the Long Run?
In life, you may come across some unexpected cost and you may choose to skip one or two mortgage monthly payments to save you from the situation. For this reason, most private mortgage agreements have a privilege clause for you to skip a mortgage payment. The question...
How much should You borrow?
Home The first thing you’ll need to decide if you are going to buy a home is how much you can afford to borrow, this especially important if you are looking for a 1st time home buyer mortgage. The interest and mortgage types play an important role in...
Banks vs. Mortgage Brokers
Home Banks vs. Mortgage Brokers: Who is the Better Choice? The traditional mortgage providers in Canada have been large banks. You also have the option of working with an independent mortgage broker. A smaller number of people opt to apply for a mortgage...
Can I Get a Mortgage if I Have a Bad Credit?
Home If you have bad credit and you’ve been turned down for a mortgage by the major banks, there’s still hope: lots of home loan options exist for this class of borrowers. Many private and institutional lenders specialize in mortgage products for persons with bad...