Are you planning to apply a commercial mortgage? If yes, you need to know about the commercial mortgage stress test and its role in mortgage approval procedure. The stress test helps lenders assess the risk involved in approving a loan by assessing your ability to make mortgage payments, especially if the interest rate rises. In...
Want to apply a residential mortgage in Abbotsford? It might seem like everything is falling into place once you’ve located your ideal house and had your offer accepted, but there is still a long way to go until closing. We will walk you through each stage of the mortgage process, from getting approved for a...
Many Canadians automatically renew their mortgages when their terms are up rather than shopping around for a better offer. If you find yourself in a different financial situation, you should consider your options. It’s likely that your mortgage isn’t the greatest option for your present circumstances. So, think about looking around for the greatest offer...
Are you planning to build a house using a construction mortgage? If yes, you have probably made the right choice. However, obtaining a loan for construction projects involves a hectic process that may be both challenging and exciting. A construction mortgage, often known as a construction loan, is a short-term loan intended to finance new...
Want to get mortgage refinance for your home? If you are wishing to lower your monthly mortgage payments, shorten the loan term, or simply access the equity you have already established in your property over the years, refinancing your existing mortgage is the best choice. There are a lot of things to take into account...
