Mortgage Blog
Canada's Mortgage Expert
Category: Mortgage Tips & Advice (23 posts)
Why Borrowers May Choose a Private Mortgage
February 24, 2021 | Posted by: Jeremy Schaffner
Why Borrowers May Choose a Private Mortgage When most people want to buy a home, they get a list of local banks and mortgage companies to start comparing the available financing options. However, the ...
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How to Handle a Mortgage After a Separation or Divorce
February 10, 2021 | Posted by: Jeremy Schaffner
Mortgage Life After Separation and Divorce Separation and divorce present many challenges. It's a situation you likely never thought you'd never be in, but now there are personal and financial conseq ...
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Reverse Mortgages – Impact on Heirs
September 9, 2020 | Posted by: Jeremy Schaffner
How do Reverse Mortgages Affect Canadian Heirs? For Canadian seniors, there is a great way to get the most out of the equity in their homes. Home prices tend to rise, and equity builds in the prope ...
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When Is Mortgage Refinancing a Bad Idea?
June 10, 2020 | Posted by: Jeremy Schaffner
Property owners refinance their homes and commercial properties all the time. As your credit improves and you have built more equity into the property, it may make fiscal sense to refinance when inter ...
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5 Smart Ways to Use a Home Equity Line of Credit
April 22, 2020 | Posted by: Jeremy Schaffner
For homeowners across the globe, home equity lines of credit (HELOCs) have become a handy way of tapping into the value of their homes. However, when borrowing money against your home, it is always a ...
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What should you consider when refinancing your mortgage?
April 8, 2020 | Posted by: Jeremy Schaffner
Mortgage rates are at a historic low. If you're thinking about refinancing your mortgage, you could possibly save significant amounts of money over the years. Especially in the first years of owning y ...
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Should You Pay Off Your Mortgage Early?
February 18, 2020 | Posted by: Jeremy Schaffner
It's a dream to be able to pay off your mortgage early, but is there a downside? While it sounds like a great idea, there are some factors to consider before doing so. This article will ex ...
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How to Improve Your Chances of Being Approved for a Mortgage
December 24, 2018 | Posted by: Jeremy Schaffner
For most first time home buyers, obtaining a mortgage is a crucial part of the purchasing process. However, being approved for a mortgage is often easier said than done. It can be disheartening to f ...
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The Pros And Cons Of Reverse Mortgages - A Quick Guide
November 28, 2018 | Posted by: Jeremy Schaffner
No matter how carefully you plan, life can put a dent in your retirement funds. A life-altering accident or illness can turn your life upside down. Dipping into your retirement to meet uncovered expen ...
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Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?
September 26, 2018 | Posted by: Jeremy Schaffner
When getting a home mortgage, if you can afford higher payments, often the option of a 15-year loan instead of one of 30 years is an option. It can be an enticing idea to know that you'll be free of a ...
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Real Estate: How to Refinance a Mortgage with a Bad Credit Score
July 11, 2018 | Posted by: Jeremy Schaffner
There are many excellent reasons a homeowner may look into refinancing their mortgage. To refinance means to replace your current mortgage with a new one, almost always with a lower interest rate. For ...
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Four Strategies That Can Help You Get Approved for a Mortgage
February 14, 2018 | Posted by: Jeremy Schaffner
So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, es ...
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Looking to Invest? Pay Down Your Mortgage Instead
January 24, 2018 | Posted by: Jeremy Schaffner
With all the gloomy news about pension plans in the press you may be worrying whether you should actually be investing in a pension plan or not. A new wave of thinking suggests possibly not. There may ...
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4 Things You Need To Know When Buying A Vacation Home
June 28, 2017 | Posted by: Jeremy Schaffner
Everyone looks forward to a vacation, and many people return to their favorite spot each year. If you really enjoy your annual destination, you might be ready to invest in a vacation home. There are m ...
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Getting Your Whole Family on Board When Selling Your Home
April 26, 2017 | Posted by: Jeremy Schaffner
If you are selling your home, this can be a challenge when you are in charge of getting your family on board as well. Selling a home with kids has its own challenges, but it isn't impossible. Here are ...
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Buying a Home, Step One: Mortgage Pre-Approval
April 11, 2017 | Posted by: Jeremy Schaffner
Whether you're looking to buy your first home, or haven't purchased a home in the past several years, you may be surprised to discover that searching your local real estate listings is not the best pl ...
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Why Remortgage? 4 Excellent Reasons to Consider Refinancing Your Home
March 14, 2017 | Posted by: Jeremy Schaffner
Your home is probably the most significant purchase you'll ever make, yet it's surprising how many people simply continue paying their mortgage every month without thinking too much about it. However, ...
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Saving For College: Four Tips For Parents
November 23, 2016 | Posted by: Jeremy Schaffner
One of the prime concerns of parents, especially parents of teenagers, is how their children will be able to afford college tuition. With prices going up each year at even state and community colleges ...
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Is Having No Credit As Risky As Having Bad Credit?
October 12, 2016 | Posted by: Jeremy Schaffner
Let's clear up one misconception, right off the bat: having no credit is not the same as having bad credit. 'No credit' simply means that your credit history - which tracks your loans and repayments o ...
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Why Should I Repair My Credit?
September 14, 2016 | Posted by: Jeremy Schaffner
Your credit history is more than just a number; it affects nearly every aspect of your financial life. If you are suffering from a low credit score, you're probably an excellent candidate for credit r ...
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How to Manage Your Credit Card Debt: A 4-Step Strategy
July 28, 2016 | Posted by: Jeremy Schaffner
Being in debt is undoubtedly stressful, more so when the interest rates keep pushing your overall debt to skyrocketing amounts. Many people fall into the temptations of unnecessary expenditures and en ...
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Why is Saving Money so Hard?
July 28, 2016 | Posted by: Jeremy Schaffner
Saving money is a lot like dieting -- easy to understand but difficult to execute and follow through. Intellectually, you know that having that extra piece of pie or second helping of French fries is ...
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3 Ways to Change Your Financial Habits
July 28, 2016 | Posted by: Jeremy Schaffner
Some financial habits are good, but others can hold you back and prevent you from saving. If you need to change your financial habits, it is important to take a step-by-step approach. This three-step ...
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