Powered By DLC-The Mortgage SourceWhen Ontario homeowners Chris and Sam received their mortgage renewal notice from their bank in January 2023, they were disappointed to see what they were offered after so many years with the same bank. Luckily, they had heard from a friend that a Mortgage Agent named Raoul Hunt could help them save thousands and make the process easy. Skeptical at first, Chris and Sam reached out to Raoul to see […]
One of the quickest ways to take back control of your finances and understand where your money is going is to create a monthly budget. This will help you get a snapshot of your income compared to your spending, and provides an avenue to review outgoing costs and determine areas for improvement to help you increase your monthly cashflow or just feel less stressed! Step 1: Calculate Your Income The […]
When it comes to shopping for your perfect home, it can be hard to find the exact one ready to go! If you are looking into a home that requires improvements, there is a mortgage product known as Purchase Plus Improvements (PPI). This type of mortgage is available to assist buyers with making simple upgrades, not conduct a major renovation where structural modifications are made. Simple renovations include paint, flooring, […]
When it comes to mortgages, it is easy to focus on the rates and your current situation, but the reality is that life happens and when it does, rates won’t be the only thing that matters. First and foremost, the most important thing to remember is that a mortgage is a contract. That means that there is a penalty involved if the contract is ever broken. This is something that […]
Did you know that 60 percent of people break their mortgage before their mortgage term matures? Most homeowners are blissfully unaware that when you break your mortgage with your lender, you will incur penalties and those penalties can be painfully expensive. Many homeowners are so focused on the rate that they are ignorant about the terms of their mortgage. Is it sensible to save $15/month on a lower interest rate […]
One of the best parts about life is that it is ever-changing. This is one of the reasons that mortgages are available on short-term contracts (such as the standard 5-year) so that you can adjust your mortgage over time to best suit your needs. However, in some cases, you cannot wait until the term is up. In fact, roughly six out of ten homeowners with the standard five-year fixed-rate mortgage […]
