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Category: Mortgage Tips & Advice (24 posts)

  • June 8, 2017 @ 10:44 AM
  • Posted by Evgeny Kamenskiy

Why You Should Not Buy Mortgage Protection Insurance

Many Canadians aren’t familiar with mortgage protection insurance. Unlike the better-known mortgage insurance, which is purchased from the Canada Mortgage and Housing Corporation (CMHC), mortg

  • April 1, 2017 @ 9:41 AM
  • Posted by Evgeny Kamenskiy

What Counts As Income For Your Mortgage?

When you submit an application for a mortgage, it’s the lender’s job to see that you are in a situation where you can cover the costs of the debt. A large part of this process is determ

  • February 22, 2017 @ 9:14 AM
  • Posted by Evgeny Kamenskiy

7 Ways To Prepare For The Spring Homebuying Season

Most of us may still be bundled up against the elements, but spring will spring eventually, and with it will come the annual acceleration housing market and mortgage transactions. Even if your local

  • February 6, 2017 @ 10:29 PM
  • Posted by Evgeny Kamenskiy

Looking For Your Best Mortgage Rate? Here is 20 Questions To Ask

“What’s your best mortgage rate?” was once a fairly straightforward question. These days, it’s impossible to respond intelligently to it without asking a litany of other ques

  • November 10, 2016 @ 12:51 PM
  • Posted by Evgeny Kamenskiy

3 Things You Need To Tell Your Mortgage Broker

Your mortgage broker isn't a mind-reader. They don't automatically know what you want out of a mortgage, and what worked for a previous client probably won't be the best choice for you. Before your

  • November 8, 2016 @ 4:44 PM
  • Posted by Evgeny Kamenskiy

Buyer Beware Of Financing Conditions!

Most real estate offers are conditional on the buyer obtaining the necessary financing to complete the purchase. This condition is typically for a period of three to seven days, to give buyers the t

  • October 31, 2016 @ 1:48 PM
  • Posted by Evgeny Kamenskiy

Supporting Documents For Self-Employed Mortgage Applicants

The Canadian workforce is expected to undergo a revolution in the coming years and it is anticipated this will result in more workers being categorized as “self-employed”. Whether operat

  • October 11, 2016 @ 9:36 PM
  • Posted by Evgeny Kamenskiy

What Happens If You Miss A Mortgage Payment?

There comes a time in the lives of many Canadian homeowners when they look at their bank account and see that the amount is less than what’s needed to cover their mortgage payment. It could ha

  • October 5, 2016 @ 9:37 PM
  • Posted by Evgeny Kamenskiy

Mortgage Basics: Types Of Mortgages

There are enough mortgage options in the marketplace to make your head spin. How do you know which one is right for you? Here are the most common mortgage types, terms, and options that you will com

  • October 2, 2016 @ 3:20 PM
  • Posted by Evgeny Kamenskiy

How Bankruptcy Can Affect A New Mortgage

While going bankrupt is likely not on anyone’s wish list of life experiences, when it does happen it needs to be dealt with to minimize its knock-on effects. Chief among those is one’s

  • September 25, 2016 @ 12:41 PM
  • Posted by Evgeny Kamenskiy

Which Renovations Go Right To Your Bottom Line?

Whether you are looking to buy a fixer upper or renovate your existing home to improve the quality of life for you and your family, it’s worthwhile to understand which home renovations can hel

  • September 12, 2016 @ 1:55 PM
  • Posted by Evgeny Kamenskiy

A Number That Can Cost You Thousands

  TransUnion Canada and Equifax Canadathe are two major credit reporting agencies in Canada which maintain your credit report, which tracks how responsibly you use credit. This report is used

  • August 18, 2016 @ 10:14 PM
  • Posted by Evgeny Kamenskiy

How to Access Your Home Equity

 If you’ve been using the word ‘equity’ without knowing what it means, I’ll help you out: when referring to property, equity is the value of the property minus your mort

  • August 10, 2016 @ 12:15 PM
  • Posted by Evgeny Kamenskiy

Mortgage ABCs: What does it all mean?

    A complete glossary of every mortgage-related term that you need to know.    ACCELERATED BI-WEEKLY MORTGAGE PAYMENTS: Mortgage payments that are made every two weeks for a

  • November 26, 2015 @ 4:34 PM
  • Posted by Evgeny Kamenskiy

10 Great Reasons To Use a Mortgage Broker

For many Canadians, mortgage payments are their single biggest expense. Yet most don’t comparison shop to ensure they’re getting the best mortgage rate and terms available, which can cos

  • October 21, 2015 @ 11:36 PM
  • Posted by Evgeny Kamenskiy

Show me the money! What you need to know about your down payment.

  You’ve got your down payment and you’re ready to go. Congratulations! Soon you’ll need to verify that down payment for your mortgage approval.  It’s required by

  • October 10, 2015 @ 2:18 PM
  • Posted by Evgeny Kamenskiy

8 Ways to Ensure a High Credit Score

It's a three-digit number that can make you or break you -- it can affect your ability to buy a home, rent an apartment, buy a car, and in some cases prevent you from getting a job. But despite its

  • October 9, 2015 @ 3:34 PM
  • Posted by Evgeny Kamenskiy

Don't Refinance Your Mortgage Until You Read This First

Refinancing your mortgage could potentially lower your mortgage payments, save you thousands over the life of your mortgage, and convert some of your home equity into cash. However, before you sign

  • August 28, 2015 @ 10:10 PM
  • Posted by Evgeny Kamenskiy

When you have got 'rate envy', does it make sense to refinance?

Who would have believed that mortgage rates would have such a continued downward trend? Mortgage shoppers are looking at some of the lowest rates in history, and many homeowners with existing fixed-

  • August 14, 2015 @ 3:14 PM
  • Posted by Evgeny Kamenskiy

Your banker is not your best friend!

 It may seem an odd question with a very obvious answer but you would be surprised how few people consider this question when approaching their bank for mortgage advice. I'm not sure where we g

  • August 11, 2015 @ 3:13 PM
  • Posted by Evgeny Kamenskiy

10 financial mistakes you cannot afford

  Making mistakes is part of just about everything – that’s how life works. No one ever said it’s going to be easy, or that you’ll glide through on waters that are as s

  • April 8, 2015 @ 7:29 PM
  • Posted by

4 Strategies That Can Help You Get PreApproved

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

  • February 23, 2015 @ 12:54 PM
  • Posted by

5 easy ways to be mortgage free sooner!

We all know that paying off a mortgage as early as possible makes good financial sense. You’ll save significant interest costs and free up money for RRSPs and other investments, and changing l

  • September 30, 2014 @ 7:10 PM
  • Posted by

2 Out of 3 Do Not shop at Renewal

Every now and then we see a mortgage stat that’s a jaw-dropper. This finding from Manulife Bank is one of them. It suggests there are a lot more people with money to burn than one might expec