Buying Rental Property – A Solid Investment
In the majority of cases, buying rental property turns out to be a good decision. There are some other factors involved, but land typically goes up in value the longer you hold onto it. If you’re buying a house to rent out, the rent will pay for the mortgage and the house will increase in …
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What Is A High-Ratio Mortgage And Should You Get One?
With all of the many different types of mortgages in Canada, it’s no surprise why some people might get confused on which one to select. If you’re currently doing some research on mortgage options, you might have seen a conventional mortgage or high-ratio mortgage floating around the internet. What is a high-ratio mortgage? This question …
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How Are Current Canada Mortgage Trends Going?
Canada mortgage trends can differ from year to year depending on the financial climate and many other things. One factor that had a huge impact on the mortgage industry is the COVID-19 pandemic. In addition to having an effect on mortgage rates, it also created a lot of salary cuts and job loss in many …
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Mortgage Myths For Potential Home-Buyers
If you’re a first-time homebuyer and are actively researching the real estate market and perusing mortgage rates in an effort to buy a new home, you might have seen some mortgage myths that weren’t entirely accurate during your research. If you have been unlucky enough to see mortgage myths and are even more confused now …
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How Much Mortgage Can I Afford In Canada?
If you’re currently looking around at real estate and want to start getting the ball rolling in the mortgage application process, you’re probably wondering, “How much mortgage can I afford?” If you already have a mortgage and are wanting to learn how to get a second mortgage, then at least you’ll have a broad idea …
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Minimum Credit Score For A Mortgage In Canada
If you’re wanting to purchase a house in the future, you’ll need to know what the minimum credit score for a mortgage in Canada is so that you can take the necessary steps to get to that point. If your credit score is at the minimum amount, you typically won’t get the best rates out …
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How Much Are Closing Costs On a Mortgage?
Many people going through the mortgage application process will ask, “How much are closing costs on a house?” Typical closing costs usually range anywhere from 3% to 6% of the purchase price of the home. If you’re confused regarding mortgage closing costs on a house, then Mortgage Assist can provide you with professional advice from …
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How Many Days Before Closing Do You Get Mortgage Approval?
If you’re currently going through the steps in securing a mortgage for your next home, you probably have a few lingering questions at the back of your mind. How many days before closing do you get mortgage approval? What happens if my mortgage loan is not approved before the closing date? What does a mortgage …
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How Is Mortgage Interest Calculated In Canada?
One of the biggest purchases of most people’s lives is a home. But it’s surprising how many people don’t actually understand the basics of mortgages and mortgage rates. How is mortgage interest calculated in Canada? How do mortgage interests work? These are questions that most people have never had to answer. Understanding mortgage rates can …
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Canada Emergency Commercial Rent Assistance (CERCA)
If your business has been suffering due to the COVID-19 pandemic, the deadline to consider Canada Emergency Commercial Rent Assistance (CERCA) has now passed. For those that applied for commercial rent relief in Canada, the applications are being reviewed. Those who did apply will hear back shortly regarding the status of their applications. If you …
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