What Is a Ratio Mortgage? In the context of conventional and high ratio mortgages, the ratio mortgage refers to the relationship between the size of the mortgage loan and the amount of the down payment the investor is willing to place when purchasing a property. It is also known as the loan-to-value ratio. The down payment is…
Why Get a Mortgage? The price of a home is often more than what a single individual or household can save. Therefore, many choose to buy a home or an investment property by putting down a deposit of typically 20% of the home’s purchase price, and obtaining a loan for the remaining amount. This assistance…
What Is the Process of Paying off a Mortgage? When you get a mortgage, you’re not just agreeing to pay back the amount you borrowed (principal). You also agree to pay interest on the money you still owe. How much you’ll pay in interest depends on a variety of factors, including your loan type, how much you borrowed,…
How Canada’s evolving trade tensions and economic conditions could influence mortgage rates—and what borrowers should consider when choosing between fixed and variable products. Introduction Mortgage shoppers in Canada are facing one of the most unpredictable rate environments in years. The recent escalation in U.S.-Canada trade tensions, combined with inflation risks and a slowing economy, has…
Your mortgage renewal isn’t just paperwork — it’s a prime opportunity to reset your financial course. Yet, many homeowners let it pass by without giving it the attention it deserves. The result? Missed savings, higher debt, and fewer financial options down the road. Let’s break down the most common mortgage renewal mistakes — and how…