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Porting a Mortgage: Can it save money?

How does this affect a borrower: The ability to port a mortgage means that you do not have to pay a penalty in breaking that mortgage since you are moving it from one property to another, providing that you qualify. One of the biggest misconceptions when porting a...

Breaking a Mortgage: Is it a Good Thing?

How does this affect a borrower: It is important to understand how breaking a mortgage can affect you based on your lender, because it can vary in cost and types of penalties. 7 out of 10 people break their mortgage, so you are likely to break yours at some point in...

Buying Your First Home: What You Should Know

Buying Your First Home Buying your first home for the first time is very exciting, whether it be an apartment, condo, townhouse, or house. It could come at wildly different stages for people. For some, they want to buy a house as their first major purchase, as early...

Bad Credit History (300-574): What To Do?

Bad Credit History Approval this, approval that, the big words we all want to hear, but lately, we are hearing a lot of inflation, high interest rates, tough approval terms, student debt soaring, reverse mortgages increasing to pay off homes, and more money issues....

Popularity of Reverse Mortgages in 2023

Reverse Mortgages Ok let’s be real, you are probably tired of hearing about mortgage rates going up and what the options are for you when you purchase a home. It can look daunting and it can lead people to seek extra income sources or go for a lower valued house then...

Speculation Tax Notice 2023

Speculation Tax Notice 2023 An envelope is coming to your mailbox soon and it is in the name of the Speculation Tax Notice. There is also a potential you are reading this blog with the notice in your hand, already reviewed. What is a Speculation Tax Notice though?...