Mortgage Broker Blog

Category: Mortgage Tips & Advice (32 posts)

  • February 22, 2021 @ 3:50 PM
  • Posted by Bryan Guertin

Why Borrowers May Choose a Private Mortgage

Why Borrowers May Choose a Private Mortgage When most people want to buy a home, they get a list of local banks and mortgage companies to start comparing the available financing options. However, the

  • September 9, 2020 @ 7:52 PM
  • Posted by Bryan Guertin

Reverse Mortgages – Impact on Heirs

How do Reverse Mortgages Affect Canadian Heirs? For Canadian seniors, there is a great way to get the most out of the equity in their homes. Home prices tend to rise, and equity builds in the prope

  • June 10, 2020 @ 3:54 PM
  • Posted by Bryan Guertin

When Is Mortgage Refinancing a Bad Idea?

Property owners refinance their homes and commercial properties all the time. As your credit improves and you have built more equity into the property, it may make fiscal sense to refinance when inter

  • April 22, 2020 @ 4:39 PM
  • Posted by Bryan Guertin

5 Smart Ways to Use a Home Equity Line of Credit

For homeowners across the globe, home equity lines of credit (HELOCs) have become a handy way of tapping into the value of their homes. However, when borrowing money against your home, it is always a

  • April 8, 2020 @ 3:29 PM
  • Posted by Bryan Guertin

What should you consider when refinancing your mortgage?

Mortgage rates are at a historic low. If you're thinking about refinancing your mortgage, you could possibly save significant amounts of money over the years. Especially in the first years of owning y

  • February 18, 2020 @ 8:45 PM
  • Posted by Bryan Guertin

Should You Pay Off Your Mortgage Early?

It's a dream to be able to pay off your mortgage early, but is there a downside?  While it sounds like a great idea, there are some factors to consider before doing so.  This article will ex

  • December 24, 2018 @ 10:52 AM
  • Posted by Bryan Guertin

How to Improve Your Chances of Being Approved for a Mortgage

For most first time home buyers, obtaining a mortgage is a crucial part of the purchasing process. However, being approved for a mortgage is often easier said than done. It can be disheartening to f

  • November 28, 2018 @ 11:31 AM
  • Posted by Bryan Guertin

The Pros And Cons Of Reverse Mortgages - A Quick Guide

No matter how carefully you plan, life can put a dent in your retirement funds. A life-altering accident or illness can turn your life upside down. Dipping into your retirement to meet uncovered expen

  • September 26, 2018 @ 1:54 PM
  • Posted by Bryan Guertin

Get Shorter-Term Mortgage or Short-term Higher Rate Debt

When getting a home mortgage, if you can afford higher payments, often the option of a 15-year loan instead of one of 30 years is an option. It can be an enticing idea to know that you'll be free of a

  • April 11, 2018 @ 12:35 PM
  • Posted by Bryan Guertin

Refinance Your Mortgage

Deciding to refinance mortgage is a crucial financial move that can help you make significant savings. When you plan properly, do your research, and take time to evaluate where you stand financially,

  • February 14, 2018 @ 11:25 AM
  • Posted by Bryan Guertin

Get Approved for a Mortgage in Oakville, Ontario

So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, es

  • January 24, 2018 @ 10:55 AM
  • Posted by Bryan Guertin

Looking to Invest? Pay Down Your Mortgage Instead

With all the gloomy news about pension plans in the press you may be worrying whether you should actually be investing in a pension plan or not. A new wave of thinking suggests possibly not. There may

  • November 8, 2017 @ 11:25 AM
  • Posted by Bryan Guertin

Credit Card Debt vs Mortgage Debt: Which Should You Pay Off?

It's always a good idea to pay down your debt when you have extra cash on hand. However, as you get started, you will probably be faced with several types of debt you can work on, and it's hard to kno

  • April 11, 2017 @ 1:55 PM
  • Posted by Bryan Guertin

Buying a Home, Step One: Mortgage Pre-Approval

Whether you're looking to buy your first home, or haven't purchased a home in the past several years, you may be surprised to discover that searching your local real estate listings is not the best pl

  • March 14, 2017 @ 1:58 PM
  • Posted by Bryan Guertin

Why Remortgage? 4 Reasons to Consider Refinancing Your Home

Your home is probably the most significant purchase you'll ever make, yet it's surprising how many people simply continue paying their mortgage every month without thinking too much about it. However,

  • November 23, 2016 @ 3:53 PM
  • Posted by Bryan Guertin

Saving For College: Four Tips For Parents

One of the prime concerns of parents, especially parents of teenagers, is how their children will be able to afford college tuition. With prices going up each year at even state and community colleges

  • October 12, 2016 @ 10:04 AM
  • Posted by Bryan Guertin

Is Having No Credit As Risky As Having Bad Credit?

Let's clear up one misconception, right off the bat: having no credit is not the same as having bad credit. 'No credit' simply means that your credit history - which tracks your loans and repayments o

  • September 14, 2016 @ 10:41 AM
  • Posted by Bryan Guertin

Why Should I Repair My Credit?

Your credit history is more than just a number; it affects nearly every aspect of your financial life. If you are suffering from a low credit score, you're probably an excellent candidate for credit r

  • July 13, 2016 @ 10:47 AM
  • Posted by Bryan Guertin

How to Manage Your Credit Card Debt: A 4-Step Strategy

Being in debt is undoubtedly stressful, more so when the interest rates keep pushing your overall debt to skyrocketing amounts. Many people fall into the temptations of unnecessary expenditures and en

  • May 11, 2016 @ 10:01 AM
  • Posted by Bryan Guertin

3 Ways to Change Your Financial Habits

Some financial habits are good, but others can hold you back and prevent you from saving. If you need to change your financial habits, it is important to take a step-by-step approach. This three-step

  • February 26, 2016 @ 9:17 AM
  • Posted by Bryan Guertin

Important Steps to Take in Your 30s to Prepare for Retirement

Some adults begin planning and saving for retirement immediately after graduating college and entering the workforce. Others delay retirement planning, believing that they have several decades to save

  • January 27, 2016 @ 12:26 PM
  • Posted by Bryan Guertin

Great Tips To Pay Off Your Mortgage Early

Are you looking for ways to speed up paying off your mortgage? Most mortgages are taken out for 15- to 30-year periods. However, this shouldn't stop you from paying off your mortgage early if you come

  • January 13, 2016 @ 11:32 AM
  • Posted by Bryan Guertin

Strategies to Dig Yourself Out of the Debt Hole

Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can help

  • October 28, 2015 @ 10:28 AM
  • Posted by Bryan Guertin

The Benefits of Investing in Income-Producing Properties

Making money in any real estate venture is a difficult task, and many people don't have the skills for flipping houses. An alternative to this intrinsically risky activity is to purchase a property fo

  • October 14, 2015 @ 10:49 AM
  • Posted by Bryan Guertin

4 Homebuyer Tips To Make House Hunting More Efficient

Going house hunting can be fun and exciting at first, but the more houses you look at, the more frustrating you might become -- especially if you just can't seem to find the perfect home. No one

  • September 9, 2015 @ 10:38 AM
  • Posted by Bryan Guertin

Should You Spend the Full Mortgage Amount You're Approved For?

  Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for

  • August 26, 2015 @ 10:52 AM
  • Posted by Bryan Guertin

Take Advantage of Low Interest Rates to Refinance Your Mortgage

Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more.     If you bought your home more than a few years ago, you could probably benefit

  • July 22, 2015 @ 1:31 PM
  • Posted by Bryan Guertin

Home Sale Checklist

Selling your home is a big decision, and you want to make sure everything is just right before you put the property on the market. For years, you have looked at your home through the eyes of a proud o

  • July 8, 2015 @ 1:06 PM
  • Posted by Bryan Guertin

Why You Need an Emergency Fund - And How to Get One

Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a

  • April 8, 2015 @ 7:29 PM
  • Posted by

4 Strategies That Can Help You Get PreApproved

So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, es

  • February 23, 2015 @ 12:54 PM
  • Posted by

5 easy ways to be mortgage free sooner!

We all know that paying off a mortgage as early as possible makes good financial sense. You’ll save significant interest costs and free up money for RRSPs and other investments, and changing l

  • September 30, 2014 @ 7:10 PM
  • Posted by

2 Out of 3 Do Not shop at Renewal

Every now and then we see a mortgage stat that’s a jaw-dropper. This finding from Manulife Bank is one of them. It suggests there are a lot more people with money to burn than one might expec