Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
Latest News
How your rent payments can help build your credit history + MORE Oct 4th
Paying rent, much like a mortgage, can often be a person’s biggest monthly expense. Yet, there hasn’t historically been a way for renters to get credit for making these large payments on-time like homeowners. New rent-reporting platforms are aiming to change that. These platforms act as.... More »
How much is home insurance? Sep 17th
Home insurance is, as you may know, property insurance that protects the homeowner’s private residence, including the outside space, like your shed and deck, too. By paying a monthly or annual premium, you are assured that damage or loss to your home—typically a person’s most important and exp.... More »
OSFI says mortgage payment shock poses a key risk to Canada’s financial system May 24th
Canada's banking regulator says high borrowing costs and a wave of expected renewals pose a key risk to Canada's financial system..... More »
OSFI eyes loan-to-income rules to replace stress test as industry weighs implications Jun 8th
Canada’s banking regulator is weighing a major overhaul to how borrowers qualify for mortgages, one that could have significant implications for banks, brokers and homebuyers alike..... More »
“Should we refinance our mortgage?” + MORE Dec 23rd
We’re thinking about breaking our existing home mortgage to take advantage of low interest rates and would appreciate some guidance. This is our scenario:
Mortgage principal: $572,000Weekly payments: $746.00Interest rate: 3.78% fixed and locked in until December 2024Penalty fee for breaking mor.... More »
How to save on home insurance
– moneysense.ca
Affordable home insurance: Does it even exist? While home insurance is not mandatory by law, like auto insurance is, most mortgage lenders require it—and for good reason. Home insurance protects your home and personal possessions from damage or loss. Your home is collateral for your mortgage loan, and protecting it ensures that collateral retains its value; that, in turn, protects the lender in case of default, for example.
Home insurance also covers you should someone get injured on your property and for any accidental damage you may cause to someone else’s property. In short, it’s not something you want to skimp on. However, there are ways to lower your premiums by securing discounts, as well as by investing now to save in the long run. We spoke to Sonja Denobrega, vice president of personal insurance underwriting at Aviva Canada, about the basics of home insurance and striking a balance between saving money and protecting your home.
The basics of home insurance and factors that affect the cost
When shopping for good, affordable home insurance, there are three types of coverage to choose from: Comprehensive, broad and basic…
Home insurance also covers you should someone get injured on your property and for any accidental damage you may cause to someone else’s property. In short, it’s not something you want to skimp on. However, there are ways to lower your premiums by securing discounts, as well as by investing now to save in the long run. We spoke to Sonja Denobrega, vice president of personal insurance underwriting at Aviva Canada, about the basics of home insurance and striking a balance between saving money and protecting your home.
The basics of home insurance and factors that affect the cost
When shopping for good, affordable home insurance, there are three types of coverage to choose from: Comprehensive, broad and basic…
