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...