JuanitaMortgages
During the pandemic, millions of people moved. Everyone moved for different reasons, and while 84% of Canadians didn’t need a change due to the pandemic, there were many more first-time buyers during that time, with 53% of buyers in 2021 first-time buyers. So how many moved in or out of Canada?
The results might be surprising.
Continue reading “Why are Canadians Moving and Where?”Renegotiating your mortgage at renewal time is an excellent way to save money and ensure that you have the best mortgage product for your financial situation. “51% of Canadian homeowners don’t plan on changing lenders when their mortgage comes up for renewal — and 9% weren’t even aware that they could switch lenders to get a better rate.” says Shaistha Khan by Rates.ca. Here are five reasons why you should explore your options for mortgage renewal instead of staying with the same lender’s offer:
Continue reading “Why Exploring Your Options for Mortgage Renewal Can Save You Thousands”
When looking for a mortgage, you have many decisions, including choosing the mortgage terms and amortization. These are two big decisions when choosing your mortgage. Here’s what you should consider when deciding.
Your mortgage terms refer to how long you have to repay your mortgage and the interest rate you’ll pay. You must renew your mortgage or repay the full balance when your term ends.
Continue reading “What is a Mortgage Term? What Does Amortization Mean?”