Over the years, the concept of reverse mortgages has gained much popularity. While the idea has been around for ages, it's only in the past 20 years that reverse mortgage has started to break into mainstream consciousness. Reverse mortgages are becoming a more popular option for...
A Short Guide to Reverse Mortgages A reverse mortgage is a distinctive type of loan allowing homeowners aged 62 or older to access a portion of the equity built up in their homes. Similar to the home equity conversion mortgages available in the United States, a...
The housing market in Canada has been tricky for the last few years, but now may be the perfect time for a prospective first-time home buyer to finally get a foothold in the housing market. Are you ready to buy a house? Can you handle...
The key to a dream home is a dream mortgage, with great terms and a low-interest rate. But, with so many mortgage options to choose from, including cash-back mortgages, full-featured mortgages, no-frills mortgages, quick close specials, and then comparing variable interest rates and fixed rates...
The short answer to this question is yes, but the long answer is much more detailed. Many benefits come with using home equity to purchase a home, but there are many considerations involved. As with any mortgage loan or line of credit, you need to...
The road to owning a home can be daunting, especially if it is your first time. Like any other significant financial investment, buying your first home is exciting but challenging. Once you have decided to embark on your first home buying journey, some careful planning and...
Many older Canadian homeowners may have built up substantial equity in their homes, paying off all of most of their home loans. As they get older, they may wish to use the equity of the home for things like retirement accommodations, health care needs, a...
Mortgage brokers are great assets to have in your list of contacts when you’re thinking about making one of the largest purchases of your life. Why? Because a mortgage broker can do things for you that a large financial institution can’t. Because they act as an...
As a top-level mortgage broker on Canada’s West Coast, John Antle is often asked about the best ways to get pre-approved for a mortgage. Many people shopping for their first home in Canada do not realize that the home buying process most often should begin...
There are a lot of steps involved with obtaining a mortgage, and it can often seem like every step comes with an extra cost. Therefore, it is reasonable to ask: Who pays the mortgage broker? Since they don't ask for any fees upfront when they start...