When you’re getting a mortgage, two numbers can be easy to confuse: your mortgage term and your amortization period. They both affect your mortgage, but they describe two very different things. Understanding the difference can help you make more informed decisions when choosing a mortgage and planning for future renewals. Lisa’s Tip: Your mortgage term…

If you’re a homeowner in Manitoba looking to improve your financial situation, refinancing your mortgage could be a smart move. Many homeowners aren’t aware of how refinancing can help lower debt, streamline payments, and save money each month. As a mortgage professional, I’m here to explain how this powerful tool can work for you. What…

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…