Monetary gifts from family members can assist new homebuyers to purchase a property, but they’ll likely require a mortgage gift letter. Learn why a mortgage gift letter is important and the information it provides to lenders.
Many Canadians are hurrying to refinance their mortgages in hopes of securing a lower rate, lowering their payments, or accessing equity, during the COVID-19 crisis.
Limitations to face-to-face contact has created new challenges for real estate agents and homebuyers during the COVID-19 pandemic.
The impact of the COVID-19 pandemic could lead to a global recession. Here’s how you can build your savings and reduce monthly to prepare for a downturn.
The Bank of Canada cuts key interest rates amid fears of deepening economic downturn. Fixed mortgage rates are now at their lowest level since the fall of 2019, making this an ideal time to shop the market.
Reduce your mortgage quicker with these simple hacks.
Reverse mortgages can be a costly way to use your home’s equity – but what about when they’re the only option? This dilemma was faced by our retiring couple case study. Read on to see how they addressed their income issue.
What are reverse mortgages and how do they work? Many baby boomers turn to this finance product to free home additional cash – but that debt comes at a price. Here’s what you need to know.
Considering buying a vacation home south of the border? Snowbird destinations like Florida and Arizona may offer relief from the cold and snow – but Canadian buyers can get frozen out by American mortgage rates. Here are 3 options for financing that U.S. home, from our friends at The Housing Block.
This time last year, the CMHC introduced sweeping mortgage rule changes that limited affordability for many mortgage and home buyers. On the anniversary of these changes, how has the housing market – and overall economy – been affected?