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Weekly Advice Series: Choosing Your Mortgage Amortization

Choosing Your Mortgage Amortization Selecting the length of your mortgage amortization period – the number of years it will take you to become mortgage free – is an important decision that will affect how much interest you pay over the life of your mortgage. While the lending industry’s benchmark amortization period is 25 years, and […]

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Weekly Advice Series: Examining No-Frills Mortgage Products

Examining No-Frills Mortgage Products While No-Frills mortgage products typically offer a lower – or more discounted – interest rate when compared with many other available products, the lower rate is really their only perk. This type of product will only seem ideal for you if you have no plans to take advantage of benefits that […]

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Weekly Advice Series: Have You Considered Opting for a 50/50 Mortgage?

Have You Considered Opting for a 50/50 Mortgage? Hybrid mortgages – also known as 50/50 mortgage products – include an equal mix of fixed-rate and variable-rate components within your single mortgage. This means you get the best of both worlds – the security of fixed repayments with the flexibility of a variable rate. Although there […]

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Weekly Advice Series: Tips to Keep in Mind Between Your Mortgage Approval and Funding Dates

Tips to Keep in Mind Between Your Mortgage Approval and Funding Dates In light of the new market realities and tightening of credit underwriting standards by both lenders and mortgage default insurers as of late,  keep in mind that now – more than ever – it’s important to be careful what you do between the […]

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Weekly Advice Series: Understanding Your Credit Report

Understanding Your Credit Report As credit has become more and more abundant in our society, your credit report, and thus your credit rating, has become more important in your daily life. Your credit rating affects all aspects of your financial activities when it comes to borrowing money. Your credit rating also has the ability to […]

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