Home & Commercial Mortgage Services - Northwood Mortgage
Call & Save

What’s the Best Time of Year to Buy Real Estate?

Posted onDecember 28/2020By

Buying a home can be an exciting time, but it can also leave you wondering when to do so. Depending on what you are looking for in a property, you may want to wait until the market is more favourable. If you are looking for the best deal, you’ll want to understand how the real estate industry changes throughout the year. Here are some ways to know when it’s best to buy real estate in Toronto. Best Time of Year to Buy a Home While there is no perfect time of year to buy a home that will suit everyone,…

Read More
0 Comment

When Is It a Good Time to Refinance?

Posted onDecember 21/2020By

Adjusting your mortgage can help you save money or reduce your interest rate. As well, it can help you build equity in your home faster. Getting a better rate or lower payment on your mortgage can be an attractive reason to refinance your mortgage. However, even if interest rates are low, is it always a good time to refinance? Here are some things to know before you renew. Good Reasons to Refinance The following are the best reasons to seek a refinance of your mortgage: It will lower your monthly mortgage payments You will build up more equity You can…

Read More
0 Comment

Death of a Spouse: How to Handle Mortgage Payments

Posted onDecember 14/2020By

Losing your spouse can be a sad and stressful time. However, you shouldn’t also have to worry about losing your home during this difficult period. Here are some ways that you can get control of your mortgage situation so you can stay in your home and manage your mortgage payments and budgeting after the death of your spouse. Things to Consider After the Death of Your Spouse There are several things that you should be clear about when it comes to your mortgage and your home. These include: Whether your name was on the mortgage How much is left owing…

Read More
0 Comment

Are You Too Old to Get a Mortgage? Mortgage Myths Debunked

Posted onDecember 07/2020By

If you are looking to downsize your home, refinance your current loan, or tap into your equity to help fund your retirement, it is important to know that no one is ever too old to apply for a mortgage. Age is not a factor that loan providers consider during the application process. In fact, it would be unethical for mortgage providers to discriminate in that way. However, there are some things you should know before you apply for a mortgage no matter what your age. Mortgage Myths Debunked The mortgage application process can be overwhelming and confusing. This is probably…

Read More
0 Comment

Subscribe to RSS Feeds