Get to know the important basics before you choose your mortgage. You have to select what is most important to you – lower rates or flexibility. Before you choose a mortgage, take some time to study the different mortgage types: Closed Mortgage If you want consistency concerning rates and the length of your mortgage agreement, […]

When it comes to getting a mortgage, an overlooked element is the option to port the loan down the line. Porting your mortgage is an option within your mortgage agreement. It enables you to move to another property without having to lose your existing interest rate, mortgage balance and term. Thereby allowing you to move […]

As we age, maintaining independence and staying in the home we love can be a challenge. We are faced with reduced mobility and the need for costly home modifications and personal care services. However, with the CHIP Reverse Mortgage by HomeEquity Bank, aging in place becomes more feasible and attainable. Here are three ways in […]

Your mortgage amortization period is the number of years it will take you to pay off your mortgage. Firstly, it will affect how quickly you become mortgage-free. Secondly, it will affect how much interest you pay over the lifetime of your mortgage.  A longer lifetime equals more interest, whereas a shorter lifetime equals less interest […]

  When it comes to homeownership, many of us dream of the day we will be mortgage-free. While most mortgages operate on a 25-year amortization schedule, there are some ways you can pay off your mortgage quicker! 1. Review Your Payment Schedule Taking a look at your payment schedule can be an easy way to […]