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 …

Continue reading “What Is A High-Ratio Mortgage And Should You Get One?”

More

Many people have never had to deal with a lien before, so it’s natural to not even know how to spell it or say it properly. Lien sounds the same as how you would say lean or mean. Some also say it as a two-syllable word, like LEE-uhn. Neither way is wrong. Now that you …

Continue reading “What Is A Lien On A House In Canada? And Why?”

More

Signing on the dotted line for your first mortgage agreement can sometimes be intimidating. There are some questions to ask a mortgage lender that you need to be aware of so that you’re fully informed on everything that the mortgage entails. Mortgage rates are one of the mortgage questions that should be on your list …

Continue reading “Important Questions To Ask A Mortgage Lender”

More

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 …

Continue reading “How Are Current Canada Mortgage Trends Going?”

More

When people are browsing the real estate market, they might hear that it’s a buyer’s market or a seller’s market, among many other complicated terms they probably haven’t heard of before. Is it a good time to buy a house? This question is probably the number one question that real estate agents hear from prospective …

Continue reading “Is It A Good Time To Buy A House Right Now?”

More

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 …

Continue reading “Mortgage Myths For Potential Home-Buyers”

More

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 …

Continue reading “How Much Mortgage Can I Afford In Canada?”

More

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 …

Continue reading “Minimum Credit Score For A Mortgage In Canada”

More

For those that are looking around the real estate market and aiming to make a purchase in the near future, you’ll have to consider how big of a mortgage down payment you’ll be comfortable with making. How much money do you need to buy a house? Future home-buyers ask this question to mortgage lenders all …

Continue reading “How Much Of A Mortgage Down Payment Should You Make?”

More

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 …

Continue reading “How Much Are Closing Costs On a Mortgage?”

More