How to Compare Lender Offers: Rate, APR, Points and Fees
Why the Lowest Rate Is Not Always the Best Offer When you receive offers from several lenders, the natural instinct […]
How Mortgage Interest Really Works: Principal vs Interest Over Time
The Simple Idea Behind Every Mortgage Payment Every mortgage payment does two jobs at once. Part of it pays interest, […]
HELOCs in Canada: How They Work
What a HELOC Is A home equity line of credit, usually called a HELOC, is a revolving line of credit […]
Renewal vs Refinancing at Term End
What Happens When Your Mortgage Term Ends In Canada, most mortgages are divided into two different time periods that borrowers […]
Minimum Down Payment Rules in Canada
What the Minimum Down Payment Really Means When you buy a home in Canada, the down payment is the part […]
The First Home Savings Account (FHSA)
What the FHSA Is, in One Paragraph The First Home Savings Account, or FHSA, is a registered account in Canada […]
25-Year vs 30-Year Amortization
Amortization Is Not the Same as Term Two words cause more confusion in Canadian mortgages than almost any others: term […]
CMHC Mortgage Insurance Explained
Why Mortgage Insurance Exists If you buy a home in Canada with less than a 20 percent down payment, your […]
Fixed vs Variable Mortgages in Canada
The Core Difference in Plain Terms Every Canadian mortgage choice eventually comes down to one question: do you want certainty […]
The B-20 Stress Test, in Plain English
What the Stress Test Actually Is If you have shopped for a mortgage in Canada in recent years, you have […]