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Mortgage Solutions for Buying Rural Properties

Posted onJune 10/2019By

If you are thinking of buying some real estate then you will likely need to seek out a mortgage so that you will be able to finance such a large investment. However, there are several different types of mortgages available to most Canadians, so you will need to determine which mortgage solution is right for you. Here, we will discuss some of the obstacles that you may come across while trying to obtain a rural mortgage as well as what obtaining a rural mortgage actually entails. The Challenges of Obtaining a Rural Mortgage   The truth of the matter is…

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Should You Pay Off Your Mortgage Before Retirement?

Posted onJune 03/2019By

Torontonians are always looking for mortgage solutions. With so many different experts disagreeing on whether or not Canadians should pay off their mortgage before retirement it can be difficult to decide who to listen to. Mortgage renewing and refinancing are also options that homeowners in Toronto who are are seeking effective mortgage solutions will need to consider at some point. Here, we will discuss some of the pros and cons of paying off one’s mortgage before retirement. Advantages of Paying Off Your Mortgage Before Retirement One of the biggest advantages of paying off your mortgage before you retire is that…

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5 Things to do Before Applying for a Commercial Mortgage

Posted onMarch 20/2019By

Applying for a commercial mortgage is different from a regular home mortgage because there is a piece of commercial property involved that acts as a piece of collateral to secure the loan. This property could be an office, warehouse, apartment building, mall, etc. In these types of arrangements, borrowers can often get a lower interest rate because the loan is seen as secure. Commercial mortgages can also come with longer terms and a bigger loan amount because the property is considered a fixed asset, which means it does not depreciate over time as with other items, such as a vehicle.…

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Renew Your Mortgage the Right Way

Posted onMarch 12/2019By

If you are contemplating renewing your mortgage then you should really consider the opportunity that is before you. There are many things that may have changed since you first took out the mortgage. You may be looking to use your home equity to fund a renovation project on your home. Alternatively, you may want to use that equity in other ways, such as purchasing a cottage or holiday home. You may also want to make some long-term investments to secure your future. There is also the option of putting your other high-interest debts into your mortgage when it is up…

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Benefits of Mortgage Payment Calculator

Posted onMarch 04/2019By

If you have been hesitant about buying a home because of the current market or you have concerns over such a big financial commitment, a mortgage payment calculator may help put your mind at ease. When it comes to making these types of decisions, the more informed you are, the better equipped you are to make the right choice. A mortgage payment calculator can help you figure out what kind of monthly payment you are able to afford. However, before you attempt to use a mortgage payment calculator you will need a few details including the asking price, annual tax…

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