mortgage tips Archives - Mortgage Rates & Mortgage Broker News in Canada

Ready to buy a home? What experts say many buyers forget to consider first

May 27, 2025 1 Comment

A down payment is a big step for homebuyers, but definitely not the only one.

Thinking of a private mortgage? Here’s what lenders want to see

May 6, 2025 1 Comment

Private mortgages continue to play an important role in today’s Canadian housing market, especially as traditional lending guidelines tighten. Yet many borrowers are surprised to learn that private lenders don’t simply look at one or two factors — they assess a wide range of details that can make or break a deal.

How to keep your home after separation—even if you don’t qualify alone

April 17, 2025 No Comments

Separation and divorce are hard enough without throwing mortgage stress into the mix. One of the most emotional questions we hear is, ‘I want to keep the house, but I don’t make enough on my own to qualify—what can I do?’

Value Connect appraisal management company

Low appraisals are back—don’t let them kill your financing

April 4, 2025 No Comments

Appraisals have become a bit of a wildcard lately. More and more, they’re coming in lower than expected—which can seriously throw off your plans, whether you’re buying or refinancing.

When can a seller lend you money? What to know about vendor take-back mortgages

March 24, 2025 1 Comment

Homebuyers looking to bridge a financing shortfall sometimes consider asking the seller for help. One option that occasionally comes up is a vendor take-back (VTB) mortgage, where the seller lends a portion of the purchase price to the buyer, typically as a second mortgage.

Jennifer Queen, Realtor with The Queen Team

What to expect when making the jump from renting to home ownership

March 5, 2025 No Comments

Going from renting to owning is a major life upgrade — but now that your name is on an asset, you have to take care of it.

Pre-construction purchases: Beware of closing day surprises

January 6, 2025 1 Comment

Recently, we helped a couple navigate the process of buying a pre-construction condo townhome. Their journey left them frustrated and vowing never to buy pre-construction again.

Thinking of gifting a down payment this holiday season? Here’s what you should know

December 22, 2024 No Comments

With the holiday season in full swing, many Canadians are focused on gift giving. For some, that includes helping loved ones take their first steps toward homeownership with a financial contribution for their down payment.

Pros and cons of a 10-year fixed mortgage: Is stability worth the cost?

November 10, 2024 1 Comment

The 10-year mortgage has long been a niche product in the Canadian mortgage market.

Preparing for your mortgage renewal: Tips to ease the stress of higher payments

August 13, 2024 1 Comment

Millions of Canadian homeowners are facing mortgage renewals in the coming years, with many feeling stressed as they prepare for higher payments amid persistently elevated interest rates.

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