Co-signer vs. Guarantor

When getting a mortgage you may be asked from either the lender or mortgage insurer to include a co-signer or guarantor. Both have the same obligation to pay another person’s mortgage if the primary applicant(s) fail to do so. However a co-signer will be put on...

Mortgage Penalties 101

It’s important to understand all aspects of your mortgage prior to signing. If you choose a closed term you are making yourself subject to penalties if you decide to pay out your mortgage prior to the term being up. You should be aware of how these...

That low rate mortgage could actually cost you more!

Cheapest is not always best. We know that’s true when we’re shopping for anything else. But we still tend to believe that lowest rate is the one and only factor in choosing a mortgage.Most Canadian homeowners would be shocked to discover that their low-rate mortgage...