Mortgage Types 101

General Nicole Perri 8 Dec

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, […]

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6 Things For Co-Signers To Consider

General Nicole Perri 14 Nov

Are you thinking about co-signing on a loan? If you’re looking to help out a family member or loved one, a co-signer can help overcome stress testing and borrowing limits. However, it is important to be aware of the implications when co-signing on any loan. Credit History If you are acting as a co-signor on […]

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Mortgage Portability

General Nicole Perri 6 Oct

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 […]

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Market Beware: Subject Free Offers

General Nicole Perri 8 Sep

When it comes to purchasing a home, most offers include conditions or subjects. These are requirements that need to be completed before the sale can be finalized and the property is transferred. Some of the most common subjects include: Financing approval Home inspection Fire/home insurance protection Strata document review if appliable The purpose of these […]

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Empowering Aging in Place with the CHIP Reverse Mortgage

General Nicole Perri 11 Aug

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 […]

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What You Should Know About Mortgage Amortization

General Nicole Perri 6 Jul

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 […]

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How to Pay Off Your Mortgage Faster

General Nicole Perri 9 Jun

  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 […]

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What is the First Time Homebuyer Incentive?

First Time Home Buyer Nicole Perri 8 May

The first-time homebuyer incentive program is a shared-equity mortgage with the Canadian government. It helps qualified first-time buyers reduce their monthly mortgage payments to better afford a home! The Incentive This program allows you to obtain an incentive from the government to assist with your down payment. Thereby lowering your overall mortgage amount and, in […]

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5 Tips For Selling Your Home In The Spring

Real Estate Nicole Perri 30 Mar

Selling Your Home in the Spring. Are you looking to sell your home? We have a few tips to help you make the most of the spring season! Hire an Experienced Realtor Before preparing your home for the Spring market, you will want to hire an experienced realtor! A good realtor will serve as your […]

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