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Five Reasons You Should Get Preapproved for a Mortgage Before You Begin House Hunting

Matrix: Five Reasons You Should Get Preapproved for a Mortgage Before You Begin House Hunting   Are you in the market to get a new home? Congratulations! But before you start looking at real estate listings or picking out curtains, you’ll want to give your friendly neighborhood mortgage broker a call and get pre-approved for […]

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Reverse Mortgages are More Popular than Ever

Reverse Mortgages are More Popular than Ever   More Canadian seniors than ever before are turning to reverse mortgages to help them supplement their retirement income. The balance owing on reverse mortgages at the end of March of this year was $2.404 billion – that’s up 2.44% from the month prior and up 24.57% from […]

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What you need to know about home equity lines of credit

Matrix Mortgage Global – What you need to know about home equity lines of credit Home equity lines of credit are a popular way for Canadians to borrow the cash they need – and for good reason. A home equity line of credit is relatively easy to get and inexpensive. Using this type of loan […]

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New Mortgage Renewal Rules Could Mean Big Savings for Homeowners

Matrix Mortgage Global – New Mortgage Renewal Rules Could Mean Big Savings for Homeowners   If you are among the nearly half of Canadian homeowners whose mortgage is up for renewal in 2018, we’ve got some good news for you. Some recent changes to Canada’s mortgage renewal rules could save you some big money. In […]

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4 Tips for Getting a Mortgage When You Have Bad Credit

Matrix Mortgage Global – 4 Tips for Getting a Mortgage When You Have Bad Credit     If you have bad credit, perhaps you have been told by a well-meaning friend or family member that applying for a mortgage is out of the question for the time being. Perhaps you have made some unwise financial […]

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How Rising Mortgage Interest Rates will Affect You?

Matrix Mortgage Global – How Rising Mortgage Interest Rates will Affect You     Over the last week, we have watched as one by one, Canadian banks have raised their interest rates on mortgages. If you are wondering why this is happening, there are several factors to consider. For starters, the rate on Canadian bond […]

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Should you renew your mortgage early to lock in your interest rate?

We knew that these ultra-low interest rates couldn’t last forever. CIBC, TD and most recently, Royal Bank have all announced that their mortgage rates are going up by the end of the year and up again by the end of 2019. So the question is, should you renew your mortgage early in order to avoid […]

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Five Things You Need To Consider Before Refinancing

Refinancing your mortgage can have numerous advantages but it can also be very expensive if you do it wrong or choose the wrong lender. Refinancing, therefore, should always be done with the advice of a professional mortgage advisor. Before you refinance, here are five things you’ll want to consider: Refinancing lets you take advantage of […]

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Five Pros and Five Cons of Reverse Mortgages

If you are a Canadian over the age of 55, you have probably heard about reverse mortgages and you may be wondering if they are right for you. Simply put, a reverse mortgage is a loan which makes use of the equity in your home. You may choose to receive that loan as a lump […]

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Almost Half of Mortgages Up for Renewal this Year

According to a report that was recently released by CIBC Capital Markets, 47% of mortgages in Canada will be up for renewal in 2018. This is a significant increase from the 25-35 per cent of mortgages that are normally up for renewal in a typical year. This comes at a time when interest rates are […]

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