Do You Really Need To Refinance Your Mississauga Home?

Your home will probably be your most valuable asset.  For this reason you should treat any big decision regarding the refinancing of your home with great care. When trying to decide if you should go ahead and refinance your home you need to make sure that you are doing it for the right reasons and..

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What does refinancing my Mississauga mortgage mean?

When you are refinancing your Mississauga mortgage you are simply taking out another mortgage to pay off your existing one.  Usually at a better rate or higher value.  To make sure that you get the best possible mortgage refinancing deal you have to make sure that you time it right and that you work only..

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How Remortgaging Can Completely Change Things For You

When things really get bad with finance, you may find yourself tied down with a mortgage loan. More often than not, the interests tend to be higher and things go from bad to worse. Luckily, mortgage refinancing is an ideal way to get out of the financial nightmare. If you do not know about mortgage..

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Why The Change In Mortgage Rules Is Likely To Favor Homeowners

One of the challenges of being a homeowner is the risk of taking of too much debt that ends up hurting you over the years. Many homeowners often find themselves in very tight positions and are forced to resort to options such as mortgage refinancing to be able to retain their homes. Luckily, things are..

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What is a reverse mortgage?

Reverse mortgages are generally for individuals who are 55 years of age and older and have equity available in their home to borrow from. Hence, the reverse mortgage is secured by the available equity in the home which has been attained from paying down the mortgage over a period of time. This product allows for..

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Looking to buy a first home in Toronto?

It seems as though it was just yesterday, I was working at the branch and discharging mortgages for clients in the east-end part of Toronto, Ontario. In performing my regular duties, I would always look at the original mortgage amount and the total interest paid during the 25-year term amortization, and fundamentally understood why large..

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Tax implications in the sale of your Principal residence in Toronto

As a mortgage agent, I usually deal with questions pertaining to second mortgages and mortgage refinancing questions relating to a principal residence. As most of you know, the red-hot real estate market in Ontario has been ongoing with the surging prices in property values ever increasing with no end in sight. This has led to..

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Important considerations when getting a second mortgage at the bank

It seems that every bank these days has a special on their mortgage rate for new and existing clients alike. Many clients I have spoken to, believe that owning a home, automatically qualifies them for receiving the banks best posted mortgage rate or a special on their second mortgage refinancing endeavour. The reality, however, may..

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A lower mortgage rate- blend and extend mortgage?

As a mortgage agent, I have seen many large institutions offer a product known as the blend and extend mortgage rate product. A blend and extend mortgage is where a mortgage lender may allow me to take out a new loan amount on my existing mortgage and extend the length of the mortgage before the..

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