Understanding Reverse Mortgages in Canada: Unlocking the Benefits for Homeowners
Part of understanding reverse mortgages is understanding how they work and the benefits to the home owner. In this article, we’ll explore what a reverse mortgage is, how it works in Canada, and the advantages it offers to applicants. Owning a home is a significant achievement, symbolizing stability and security. However, as life progresses, financial…
Read Article...Why Should I Choose an Independent Mortgage Professional?
If you’re contemplating purchasing a property or renewing your mortgage and are considering approaching your bank directly, pause for a moment and ask yourself: why should I choose an independent mortgage professional? We uncover four essential aspects that your bank may not disclose to you, accompanied by four compelling reasons on why collaborating with an…
Read Article...Mortgage Financing Through A Separation Or Divorce
If you are searching for mortgage financing through a separation or divorce, it’s important to know how to handle your mortgage if you decide to separate. In light of recent statistics indicating approximately 50% of marriages culminate in divorce, and considering that nearly three-quarters of Canadians are homeowners, here’s a concise yet important checklist for…
Read Article...Getting A Second Mortgage
Understanding the Process of Getting a Second Mortgage and Its Purpose For individuals less acquainted with the intricacies of mortgage financing, the concept of “getting a second mortgage” can be puzzling. Contrary to common misconceptions, a second mortgage does not refer to the mortgage obtained after selling or renewing a first property. Instead, it pertains…
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