No Medical Exam Mortgage Insurance: Keep the Home with Family
Life insurance is an essential component of planning, and plays a critical role in securing your family’s financial future. However, not everyone is able to get it due to pre-existing health conditions or high-risk activities. That’s where no medical exam mortgage insurance comes in. This type of mortgage life insurance, or simplified-issue life insurance, offers […]
Mortgage Life Insurance Explained: What to Know Before You Buy
As you begin to explore insurance products or even if you’ve been searching for a while, it’s worth it to have mortgage life insurance explained. In short, with the right knowledge, you can confidently make the best decision for your family’s financial security. In this blog post, we’ll guide you through a comprehensive analysis of simplified-issue […]
Do You Need Mortgage Life Insurance? How Does it Work?
If you’re a homeowner, you know that your home is likely the biggest investment you’ll ever make. It’s not only a place to live, but it’s also a source of financial security and stability. That’s why it’s so important to protect your home and your loved ones who depend on it. One way to do […]
Why Mortgage Life Insurance is the Best Way to Protect your Home
Mortgage life insurance protects your loved ones from the many costs that come with homeownership. In addition to protecting your family’s home, mortgage life insurance also safeguards your family from a large debt burden in the event of an unexpected death. In this article, we’ll explore why mortgage insurance is the best way to protect […]
Will Interest Rates Go Up Forever? Here’s How to Protect Your Home from Uncertainty in Canada
The Bank of Canada has steadily raised their benchmark interest rate over the course of 2022, but will their rates keep going up over the next year? In this article, we’ll explore what’s next for interest rates in Canada. We’ll also see how they will affect rising mortgage rates, and how you can better protect […]
Mortgage Stress Test in 2022: What Canadians Need to Know Before Buying a Home
Passing the mortgage stress test is required for all home buyers in Canada. But what are the stress test mortgage rules anyway? Is there a way you can avoid the stress test? And how is your minimum qualifying rate affected by recent rate hikes by the Bank of Canada? In this article, we explain everything you […]
Fixed vs Variable Mortgage Rates: What’s the Difference?
Fixed vs variable mortgage; choosing a winner can be daunting for most Canadians looking to buy a home. But at the end of the day, both types of mortgage rates have their pros and cons. In this article, we’ll compare fixed and variable rate mortgages. Then you can know exactly which type of mortgage is […]
Rising Interest Rates: Are Mortgage Rates Going Down Anytime Soon?
Are rising interest rates the new normal? Since the early 1990s, the Bank of Canada have been steadily dropping their benchmark interest rate. But due to rising inflation, this period of lowering rates seems to be at its end. In this article, we’ll explain why the Bank of Canada increased their key policy rate, and […]
Renewing Mortgage in 2022? Here’s What Banks Don’t Want You to Know.
There are many ways you can save money when you have a renewing mortgage. However, too many of us don’t prepare — leaving us at the mercy of the banks. In this article, we’ll explain how you can best prepare for the mortgage renewal process, and what you need to know before you meet with […]