Purchasing a second home can be exciting, but it’s essential to be well-informed about the process to make sound decisions. Here are some key things you need to know: Financing Options: Understand the financing options available for second homes in Canada. While mortgage rates for primary residences are typically more favourable, specialized mortgage products exist…

Porting your mortgage entails taking your existing mortgage – along with its current rate and terms – from one property and transferring it to another. You’re only allowed to port your mortgage if you’re purchasing a new property at the same time you’re selling your old one. Unlike mortgage refinancing, porting a mortgage doesn’t require…

It sure does! Your credit score is a fast pass to great mortgage rates and excellent terms. It’s essentially proof that you can be trusted to make payments if you’re given a loan of any kind. A high credit score means you’ll get access to the best mortgage rates on the market and have more…