Friday, January 25th, 2019 2:56 pm , Posted by
Matrix Mortgage Staff Writer
Looking for a new home and found the perfect one but haven’t sold your current one yet? As a homeowner you likely don’t want to be paying two mortgages as that can add up really quickly. If you’re looking to purchase a new home before you’ve sold your current one there’s something called a bridge […]
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Friday, January 18th, 2019 10:57 am , Posted by
Matrix Mortgage Staff Writer
Renovations to your home can become very expensive very quickly, and sometimes it’s not an option to do the renovation in pieces until you can save up the money to pay for the rest of it. Some lenders offer the option to borrow small amounts of money to complete the renovations you’ve planned to turn […]
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Monday, January 14th, 2019 11:22 am , Posted by
Matrix Mortgage Staff Writer
When your mortgage is up for renewal you might be wondering if your new rate is the best rate you can get, if it’s a good time for renewal and when the best deal is for you. In 2019 many home owners across Canada will be renewing their mortgages and hoping their payments don’t go […]
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Thursday, January 10th, 2019 11:33 am , Posted by
Matrix Mortgage Staff Writer
As a first time home buyer you may not have experience with how quickly home related expenses can add up, and they could be large amounts. You likely have your down payment together and closing costs but other items might come up sooner than you anticipated. Luckily there are a number of grants specifically for […]
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Monday, January 7th, 2019 11:41 am , Posted by
Matrix Mortgage Staff Writer
Debt can be overwhelming, and sometimes it can seem like there is just no way to climb your way out. If you’ve been exploring your options to see if there’s any kind of help out there for you, you have likely come across an option known as a consumer proposal. A consumer proposal will be […]
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Friday, January 4th, 2019 12:03 pm , Posted by
Matrix Mortgage Staff Writer
There have been many advertisements for reverse mortgages, filled with promises to help with your cash flow and ease some financial stress. You might find yourself asking if it’s really that simple or if there’s more to it than just putting some cash in your bank account. There is always the fine print to a […]
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Saturday, December 22nd, 2018 2:40 pm , Posted by
Matrix Mortgage Staff Writer
If you own a business or are considering buying rental properties, then you may be wondering how to get a commercial mortgage. Unlike residential mortgages, many lenders do not advertise their rates for commercial, so if you simply walked into your financial institution to apply for a commercial mortgage, it would be difficult to know […]
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Sunday, December 16th, 2018 2:49 pm , Posted by
Matrix Mortgage Staff Writer
If you’ve been looking at the offerings of various lenders for mortgage rates, one thing that you might notice right away is how many of them primarily advertise their rates on their five-year fixed mortgages. And there are a couple of reasons they do this. The first is that five-year fixed mortgages are the most […]
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Friday, November 30th, 2018 10:43 am , Posted by
Matrix Mortgage Staff Writer
If you are a retiree who is looking to supplement your income, then perhaps you have thought about getting a reverse mortgage. Well meaning friends and family members may have warned you against this type of product because quite frankly, reverse mortgages have gotten a bad rap in the past. But better regulations have made […]
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Monday, November 26th, 2018 12:00 pm , Posted by
Matrix Mortgage Staff Writer
What is the difference between a second mortgage and a home equity loan? If you need to access the equity in your home, there are a number of tools you can use to do this, two of which are second mortgages and home equity loans (also known as home equity lines of credit). Since some […]
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