If you’re thinking about buying a new home but already have a mortgage with a great interest rate, you may have heard the term “porting your mortgage.” It’s one of the most overlooked options available to homeowners, yet it can potentially save you thousands of dollars. Here’s what you need to know. What Does It […]

If you’re thinking about buying a new home but already have a mortgage with a great interest rate, you may have heard the term “porting your mortgage.” It’s one of the most overlooked options available to homeowners, yet it can potentially save you thousands of dollars. Here’s what you need to know. What Does It […]

Just announced! OTTAWA — The Bank of Canada kept its key interest rate target on hold Wednesday, but hinted that rate hikes could be coming as it noted the Canadian economy was a little stronger than expected in the first quarter. The central bank held steady its target for the overnight rate — a key financial […]

Since an increasing number of lenders are moving towards collateral charge mortgages these days, it has never been more important to understand the differences between a collateral and standard charge mortgage. The primary difference is that a collateral charge mortgage registers the mortgage for more money than you require at closing. For instance, up to […]