The Canada Child Benefit is a tax-free monthly payment made to eligible families to help with the cost of raising children under 18 years of age. The CCB may include the child disability benefit and any related provincial and territorial programs. The Canada Revenue Agency (CRA) administers CCB, and families will receive an annual statement...Read More

Is a family member helping you put together your down payment for your home purchase? Getting a gift letter for your purchase is a must and a great way to increase your home buying power. Firstly, what is a mortgage gift letter? A gift letter is a form from your lender that states the down...Read More

If you’re applying for a mortgage, it’s a good idea to start gathering your financial documents. That’s why it’s important to know what information you need to provide to your broker or agent and the difference between some of these common documents. Lenders will request income, debt and other documents when working on your mortgage...Read More

“‘How did you go bankrupt?’ Two ways. Gradually, then suddenly.” -Ernest Hemingway Going into bankruptcy is no fun. But sometimes it happens, and if it does, it’s important to understand what you can do to minimize its impact on your life once you’re discharged. When it comes to getting a mortgage after bankruptcy, all is...Read More

Automatically renewing your mortgage is simple and convenient but not always the best option. Read on to learn about the advantages of working with lenders other than your bank and why you shouldn’t take your bank’s mortgage renewal. What does it mean to renew your mortgage? When you get a mortgage with a lender your...Read More

There are many reasons you may want to refinance your mortgage. Such as getting a lower rate, shortening the amortization, changing between adjustable, variable or fixed rates, and more. No matter your motivation to refinance your mortgage, you have to weigh the costs and benefits of doing so. Let’s explore some of the reasons you...Read More

Are you considering your next mortgage move? Here are the mortgage 101 basics that you need to know to make the best decision. Amortization period The amortization period refers to the number of years it will take to pay off your mortgage through regular payments. Most mortgages are amortized over 25 years, but they can...Read More

A mortgage broker or agent manages the process for you by applying for loans with different lenders to find the best solution and product while negotiating terms. In the old days, when getting a mortgage, you would probably walk into your bank and ask for a mortgage, and if you were offered a mortgage, you’d...Read More