If you're self-employed and planning to apply for a mortgage in Canada, there are certain considerations you should be aware of. Self-employed individuals may face different challenges compared to those with traditional employment, but with careful planning and documentation, you can increase your chances of securing a mortgage. Here are some key factors to keep in mind:

As a newcomer to Canada looking to buy a house with a mortgage, there are several important considerations to keep in mind. Here is a guide to help you navigate the process:

In Canada, choosing between a mortgage broker and a bank for your mortgage needs is a personal decision that depends on various factors. Here are some reasons why individuals might opt for a mortgage broker over a bank:

When the Bank of Canada raises interest rates, it can have a broad impact on various segments of the economy and individuals. Here are some of the key groups and areas affected by an increase in interest rates:

Choosing the right mortgage broker in Canada is crucial for securing a mortgage that meets your financial needs. Here are some key factors to consider when looking for a mortgage broker:

When looking for a mortgage in Canada, it's essential to consider various factors to ensure you secure a mortgage that aligns with your financial goals and circumstances. Here are five key things to think about:

Calculating fixed mortgage rates involves a combination of various factors, and the specific method can vary among lenders. However, the primary factors influencing fixed mortgage rates include government bond yields, the lender's cost of funds, economic conditions, credit risk, and the lender's profit margin. Here's a general overview of the process:

It started in late February when five-year fixed rates were offered at about 2.75% and five year variable rates were tendered in the 2.90% range. Most borrowers were opting for the stability of a fixed rate against that environment, which had been in place for some time.

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 your home, a large percentage of your monthly mortgage payment goes toward paying interest rather than the principal.

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 your home, a large percentage of your monthly mortgage payment goes toward paying interest rather than the principal.

The coronavirus pandemic has upset buying and selling activities in the property market. Albeit a smaller number of homes have been listed for sale, the industry is slowly but surely recovering.