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Mortgage Payment Calculator
When it comes to mortgages, there are a lot of factors that go into determining the final sum that you pay each month. It can be advantageous to have a clear idea of how much your mortgage will cost...
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Commercial Mortgage Rates Guide 2022
A commercial mortgage is a mortgage taken out on a property that is to be used for commercial purposes and not personal or residential. Commercial purposes include businesses, corporations,...
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How to Use Home Equity for Cash the Right Way
As interest rates fall and home prices rise, people with equity in their homes often think about using this wealth to take cash out of the house. That is commonly known as “taking money out of your...
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Royal Bank of Canada (RBC) : Review
Royal Bank of Canada, or RBC, is one of the biggest banks in Canada and operates multi-nationally under the RBC brand. The bank has branches in Canada, the USA, and the Caribbean, and its services are...
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Mortgage Pre-application and Mortgage Pre-qualification
Are you looking to buy a home? What do you know about mortgage applications? Have you been wondering about the differences between mortgage pre-approval and mortgage pre-qualification? A mortgage is a...
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Canadian Mortgage for Non-Residents
The Canadian housing market continues to be very strong, and its robust economy shows no sign of slowing. In addition, according to the U.S. News, Canada is considered the most livable country...
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Mortgage Renewal Process in Canada
When buying a house, you usually sign a mortgage with a 15 to 35-year amortization. But throughout that time, the lender can break your mortgage into terms that last anywhere from 6 to 120 months. The...
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Pros and Cons of Equity Takeout
There are numerous debates about the pros and cons of equity takeout. Some are in support of pro-equity takeout, while others are against it. But it would be wrong to pick a side without a proper...
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Advantages Of Early Mortgage Renewal in Canada
Today, many people take advantage of various mortgages to acquire their dream houses, even when they do not have enough funds. A mortgage is simply a form of loan received by a person from a lender,...
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What Credit Score Do You Need For A Mortgage In Canada?
Before applying for a mortgage in Canada, there are several requirements that you must meet. A solid credit score is one of the most important considerations. But what are the specific qualities of a...
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Early Mortgage Renewal in Canada: Is It Worth It?
As a Canadian homeowner, one of the most significant financial decisions you will face is whether to renew your mortgage early before your current term expires. Renewing several months before your...
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What is a Mortgage? A guide for Canadians
Purchasing a home is one of the most significant financial decisions Canadians make. For most homebuyers, a mortgage is essential to achieving the dream of homeownership. This comprehensive guide...
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GDS and TDS ratio: Why they matter?
Are you hoping to buy a home soon in Canada? Understanding debt service ratios is vital to determining mortgage affordability. These calculations significantly influence whether lenders approve...
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Good Credit Score in Canada: Unlock Your Financial Success
Your credit score is one of the most critical factors affecting your financial life. It impacts everything from your ability to get approved for loans and credit cards to the interest rates and terms...
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Mortgage Default Insurance in Canada
Purchasing a home is one of the largest financial decisions Canadians will make. For many, coming up with a 20% down payment can be a major obstacle to homeownership. This is where mortgage default...
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Mortgage Pre-Approval in Canada
Imagine you’ve finally found your dream home – the perfect location, layout, and space for your family. Your heart is set on making an offer. But are you truly ready? Without confirmed financing, a...
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Mortgage Payment Options in Canada: How to pay off your mortgages faster?
Buying a home is an exciting milestone for many Canadians. But along with the keys to your new property comes a mortgage that you’ll be paying off over decades. While having a mortgage allows you to...
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Mortgage Pre-Approval vs Pre-Qualification in Canada
Getting pre-approved or pre-qualified is one of the first major steps when buying a home. But most buyers struggle to understand the crucial differences and benefits of each route. Without clarity on...
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Cosigning a Mortgage in Canada: What to Consider?
Purchasing a home is an exciting milestone. However, with rising home prices across Canada, buying a house has become increasingly difficult, especially for first-time homebuyers. If you have...
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Does Cosigning Hurt Your Credit in Canada?
Are you thinking of cosigning on a mortgage for a friend or family member? You have wondered – does cosigning hurt your credit score? The short answer is a resounding yes. While portrayed as helping...
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