Canadian homebuyers will need to understand what the mortgage stress test entails for them. While it’s not the same as a school exam, mortgagors can prepare themselves for what’s to come.
Tools and tips from our team of experts to help you make the best decisions for your financial future.
A mortgage is used to buy a home in Canada, but it’ll be up to the homebuyer to decide what the flexibility and type of interest rate they want with the mortgage.
For some homeowners, getting a mortgage refinance can require a lot of contemplation. Before stepping into the decision, it’s important that those considering understand what remortgaging is, including the different types and ways to refinance a mortgage. In the long run, it has a number of benefits for you.
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.
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 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.
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.
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.
Finding a suitable mortgage is as important as finding a new home. When you find a home and need to get mortgage approval quickly, we will talk about how long does a mortgage approval take.
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?
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.
Buying an investment property can be incredibly rewarding. It can also be a huge headache if you don’t go about it the right way. Keep reading for some tips on how to buy a rental property the right way.
While using your RRSP to buy an investment property might seem like a great idea, there are many things to consider before cashing out. Keep reading to learn more about why this may not be such a smart move and how Alpine Credits can help you secure better financing.
Heated flooring makes for a luxurious addition to any Canadian home, offering a warmth that radiates much more evenly than forced air from an HVAC system. Keep reading to learn about heated floor costs and how Alpine Credits can help you cover them.
RRSP withdrawal rules after retirement can be tricky to navigate, especially since they’re constantly changing. In this post, we’ll give you an overview of RRSP rules after retirement, show you how to find quality advice, and discuss alternative sources of cash in case you’d like to let your nest egg grow for a while longer.
Choosing between a home equity line of credit and a mortgage can be tricky as both options have upsides and downsides. Keep reading for some tips on navigating the HELOC vs. mortgage debate and reaching a wise conclusion for yourself.
For much of the average working Canadian’s life, a registered retirement savings plan (RRSP) is a one way street, with money going in but almost never being withdrawn. Certain circumstances, however, can leave one wondering “can I cash out my RRSP early?”
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.