If you're a mortgage agent or you work in the financial industry and you're looking for a change, take a look at TCG Lending Centres. Here are just 5 of the reasons why you'll be happy you made the jump to the TCG team: We're a...
Mortgage rules are undergoing some changes due to the current situation with Covid-19. The Canadian Mortgage and Housing Corporation (CMHC) announced changes to the eligibility rules for mortgage insurance, in the agency’s latest response to the COVID-19 pandemic. What are the new rules? The new rules...
One of the surprising news this week was the just announced rate cut by the Bank of Canada. Since the start of the month, the rate has been cut twice. This time around the central bank’s benchmark interest rate was cut by 50 basis points...
You have purchased a home. The moving day is fast approaching. Have you considered all the costs? We decided to write this blog post to help every homebuyer budget for the costs - the obvious and the hidden ones - related to moving. What are the...
Many mortgage borrowers are unfamiliar with this term or think that it is the same as a mortgage insurance or life insurance. They are different. (To know more about mortgage or life insurance, check out this previous blog post). So, what is CMHC mortgage insurance?...
For many people the home buying process can be complicated and, at times, frustrating. Many don’t know where to begin. Others get overwhelmed with the amount of information available. If you are in this situation - or are planning to purchase your first home in...
Before we begin this post, we should emphasize that abandonment should be a last resort as there are solutions out there offering reduced impact on the borrower’s credit rating. Having said this, let’s look at what abandonment really means in the world of mortgages. When...
Chances are you have heard these two terms time and again, especially if you are planning to invest in a property. Before we analyze each one of them, it is important to understand what they mean in the world of mortgages. Basically, equity refers to the...
If you are new to Canada and are looking into settling in this country, you may want to consider purchasing a home. The first step you should take is informing yourself about the rules and conditions that apply to your situation. It may seem a...
Are you looking into getting a mortgage and are not sure whether or not to get a closed or an open mortgage? That is very common. When choosing a mortgage, it is very important to be informed about all the options available. In this post,...