The Ultimate Guide to Mortgage Renewal in Canada for 2023
Is your mortgage coming up for renewal soon? Then you’ll want to read this article. This is our ultimate guide to mortgage renewal in Canada for this year. We go over everything you need to know in choosing the mortgage option that’s best for you. What is there to know? There is a lot to […]
How to copy the rich and use your house’s equity to build your own real estate portfolio
If you read Hardbacon, you know that a lot of the richest people in Canada have diversified into real estate holdings; names like Greenberg, Thomson, Rahi, Apostopoulos, Azrieli, and Goldhar. Some inherited their wealth, others built in from hard work and diversified risk. They did it and you can too. It is a mistake to […]
How to Refinance Your Mortgage in Canada for 2023
Are you looking to refinance your mortgage in 2023? You have come to the right article. We’ll explain what a mortgage refinance is, when to do a mortgage refinance, good reasons to refinance your mortgage and the steps involved in it. There may be fees for refinancing your mortgage, so we’ll discuss that as well. […]
The Ultimate Guide to Reverse Mortgages in Canada for 2022
If you’re a homeowner aged 55 or above in need of money, you may want to consider a reverse mortgage. Reverse mortgages in Canada are a great way for home-owners to access funds to cover living costs, travel, and other expenses. And one of the biggest benefits of this type of financial solution is that […]
The Ultimate Guide To Bridge Mortgages In Canada for 2022
Great news! You’ve found the home of your dreams. The only problem is you haven’t closed the sale on your existing property. And, you need the equity in your home to buy the new place. Unfortunately, you can’t get the money until you sell your current home and close the deal, right? So, now what? […]
What Are the Main Benefits of Refinancing Your Mortgage?
If you’re a mortgage holder, you’re fully aware of the costs and commitment involved. You’ll typically spend at least a couple of decades servicing the debt payments and racking up hefty interest charges along the way, which could probably buy you a luxury vehicle or two when added up. A mortgage is, single-handedly, the most […]
What Is an Interest-Only Mortgage in Canada?
This is a vintage type of mortage not seen in years. Lenders took a hiatus from offering interest-only mortgages in 2010. Depending on your situation, interest-only mortgages could be beneficial or a detriment to your finances. Choosing a mortgage in Canada is a personal decision and will look different for everyone depending on your financial […]
Open vs. Closed Mortgage: Which One is Better for Canadians in 2022
Open vs closed mortgage, fixed or variable rate, oh my! Are you about to buy a house for the first time? Or maybe it’s time to renew? A mortgage is one of the most important decisions you will ever make; it’s a serious financial and legal commitment. There are a few types of mortgages available […]