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Alpine Blog

Tools and tips from our team of experts to help you make the best decisions for your financial future.

Category: Mortgages

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Mortgage renewal tips to remember

Mortgage contracts come to a close at the end of a mortgage term, so it’s time to renew. Some lenders will do so automatically, and sometimes you’ll have to do it automatically. What’s important is that you’re ready for it and that you get the best deal.

How to get approved for a mortgage in Canada

How to get approved for a mortgage in 6 steps or less

Applying for a mortgage involves many steps, and you can maintain certain financial habits to increase your chances of mortgage preapproval. Being prepared for the process is important, but there are alternative and simpler ways to get approved. 

a family looking at their new house

Canada loans: the basics of mortgage

For anyone wanting to buy a house for the first time or wanting to obtain additional property, you’ll have to get a mortgage, which is important for any homebuyer to understand what the entire process entails.

Consolidate Your Debt through a Home Equity Loan

Home equity loans for loans consolidation

Anyone can achieve financial freedom with the right tools. With all these options on how to consolidate your debt, you want to choose what is best for you. Personal loans, debt management, debt settlement, and home equity loans are the most common methods, but it’s important to understand each one before making your first step.

A happy lady sitting in a field

Eliminate debt under a year

Whether you want to erase a portion all or your debt, it’s important to understand a few of the strategies that you can take in order to accomplish your goals of being debt free. You can make some changes in your lifestyle, add another source of income, or consolidate your debt through your home equity to make monthly payments more manageable.

A woman smiling at her loan application.

What is debt consolidation?

Outstanding balances that are owed to credit cards, mortgages, and auto loans are the source of financial stress for Canadians. A common solution to make monthly payments more manageable is with debt consolidation through home equity. Understanding what the effects are and what this means for you as a homeowner is an important step.

A wooden house frame with a percentage

The relationship between credit score and interest rate

Interest rates are not always constant between types of loans, but what determines them generally is. Usually, lenders calculate interest rates based on creditworthiness, therefore a person’s credit score holds abundant value when applying for mortgages and personal loans. Getting an ideal interest rate is possible with the right lender and financial habits.

bad credit mortgages

How to secure poor credit loans in Canada

Credit scores play a significant role, according to Canadian banks. A bad credit score doesn’t stop someone from the opportunity to get a personal loan. Personal loans have a number of uses, including home renovation and debt consolidation, among other prospects. Even with a score that’s less than ideal, you have the chance to build it up or look into a home equity loan.

What is Debt Consolidation

Understanding consolidation loans in Canada & how they work

Have you been juggling debt payments and feel like there’s no end in sight? If this sounds like you, you may be wondering: What is debt consolidation, and how does debt consolidation work? Consolidating your debt might be just what you need to get your finances back on track and make your payments more manageable.

how does home equity work

Home equity 101: what is home equity and how does it work?

In this article, we’ll make it easier to answer questions like “what is home equity?” and “how does home equity work?” By the end, you should have a better understanding of what home equity is referring to and how you can leverage it towards getting the funding you need.

Construction mortgages in Ontario

Construction mortgages in Ontario

Many Ontarians on the lookout for the perfect home to settle down in are facing challenges. Whether it’s the property size, the structure, or the location, finding a home that meets all their criteria is much harder than it seems. Many Canadians decide to build their dream home from scratch instead of finding a pre-built home in these cases. However, you might be surprised to learn that aspiring home-builders can also qualify for construction mortgages in Ontario.

kitchen renovations cost

How much does a kitchen renovation cost?

Kitchen remodeling is a fantastic way to spruce up the appeal of your home and add value to its price. So if you’re wondering how much it costs to renovate a kitchen, we have gathered some information that can help you. Here are some factors that affect the overall price of renovating a kitchen.

grants for seniors housing repairs

Grants for seniors housing repairs

Some Canadians who reach retirement age find it difficult to finance the upkeep and maintenance of the homes they have owned and lived in for a long time. This can be stressful and difficult to manage, even with pension benefits. We have collated information about how grants for seniors’ housing repairs work, different ways to claim them, and the best way to utilize them.

RESP Rules in Canada

RESP rules in Canada: What you need to know

Ensuring that your child has the funds they need for postsecondary and graduate education can be a big challenge. Through RESP, Canadian parents can make investments that their children can rely on for their future education.

Mortgage Penalty Canada

How to avoid mortgage penalty in Canada

Breaking your mortgage comes with expensive penalty fees. For any number of reasons, homeowners within a mortgage term might find a need to break their mortgage. Others might have extra income to prepay their mortgage term. However, you may be shocked to learn about the steep penalty fees associated with prepaying or breaking a mortgage.

What is a good credit score in Canada for a Mortgage

What is a good credit score in Canada for a mortgage?

Many young Canadians dream about purchasing a home. Apart from the down payment and closing costs, it is important to find an affordable mortgage option. A good credit score allows you to access the best mortgage options at low interest rates. Are you worried about finding a mortgage with a bad credit score? We will discuss the mortgage options available to borrowers with a bad credit score.

Can you get a mortgage on land?

Can you get a mortgage for land?

Most people know about a property mortgage, which is a loan you can use to pay for your home. But, what happens if you want to build your home from scratch? For all those homeowners who would like to plan their dream house, owning a patch of land might be a better option. In this regard, the key question is can you get a mortgage for land?

consolidating debt into mortgage alpine credits

How to consolidate my debt into a mortgage

High-interest debt can be consolidated into a mortgage through a home equity loan. With the right consolidation loan, you can be more confident about paying down your outstanding debts and reach your financial goals.

mortgage-refinance-Alpine-Credits

Alternative lending in Canada

Alternative mortgage lenders usually offer more flexibility when it comes to financing and lending. They are perfect for people who do not meet all the strict criteria demanded by Canadian big banks.

how much tax is on cerb

How much tax will I pay on CERB?

Many Canadians have found themselves wondering how much tax they’ll owe on CERB this year. Find more information and learn how Alpine Credits can help in this article.

Buying Out Your Partner in a Mortgage

How to buy out your partner in a mortgage in Canada

Ending a marriage is never an easy process. One of the potential complications that can come with ending a marriage is how to split a jointly owned property. When a married couple buys a home, both people have equal rights to the property. When that marriage ends, that leaves complications for a divorce mortgage buyout.

reverse mortgage horror stories

Reverse mortgage horror stories in Canada

It’s not hard to find reverse mortgage horror stories on the internet. But are these stories legitimate? Or are they just the result of people making poor financial decisions and struggling to accept the consequences? Keep reading to find out.

swimming pool cost

A look at swimming pool costs in Canada

While having a swimming pool installed at your home offers tremendous recreational benefits, it’s not something to rush into. Keep reading as we explore the short and long-term costs of swimming pool installation and maintenance.

basement renovation cost

A look at basement renovation costs

Basement renovations are among the most common home modifications in Canada. Keep reading to learn how much basement renovations cost and how Alpine Credits has been helping homeowners keep costs low for decades.

Mortgage Rates in Ontario

Current mortgage rates in ontario

Mortgage rates in Ontario are among Canada’s most competitive, which should come as no surprise given the province’s population. However, there are still many things you need to be aware of when shopping for the best mortgage rates in Ontario. Keep reading to learn more and get tips on finding the best deal.

$10000 loans in canada

How to get a $10,000 loan in Canada

A $10,000 loan can help you pay for home renovations, a vacation, a car, or any number of other things. However, with so many lenders and types of loans to choose from, it can be hard to keep track. Keep reading for some tips on selecting the right $10,000 loan in Canada. We’ll also show you how Alpine Credits makes it easy for homeowners to get approved.

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