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How a Mortgage Renewal Could Give Your Mortgage Agreement a New Life

How a Mortgage Renewal Could Give Your Mortgage Agreement a New Life Mortgage Renewal in simple terms means to renew your mortgage at the end of its term. It provides you the opportunity to renegotiate terms with your mortgage provider. In the new agreement of mortgage, you can avail a different mortgage term period, different rates etc. It could be an amortizing loan, but renewal is necessary in all the cases when there is balance left due at the end of [...]

Alternative Mortgage Options with Three Good Reasons You Cannot Ignore

Alternative Mortgage Options with Three Good Reasons You Cannot Ignore Private Mortgage is the most common alternate mortgage option. Over 7.87% of the Canadian mortgage market is held by private lenders, a 37.8% increase compared to the same quarter last year. This is the sixth consecutive quarter we saw this share grow, sending it to the highest level in at least a decade. It is a loan provided to an individual or a business by a lender other than the [...]

4 Ways You Can Use A Residential Mortgage to Access Your Equity

4 Ways You Can Use A Residential Mortgage to Access Your Equity The Net Worth of most of Canadians is employed in their properties. Their Home constitutes a huge share in it. In case of financial emergency or educational requirements, one can have access to their home equity without having to move or sell the property. There are many ways to do so, but we have focused on 5 most common and highly recommended ways to do so: Second Mortgage Second mortgage [...]

How Can Debt Consolidation in Milton Help You Save Money?

How Can Debt Consolidation in Milton Help You Save Money? You can avail finances from a wide range of sources ranging from your credit card to your private lender. Your last week’s cocktail outfit may be financed through swiping a card whose bill you are yet to pay two weeks from now. Your mortgage payment is due this week, and you may think paying it off from the same card can be better as you may have only one bill [...]

Private mortgage broker vs. Bank

Private mortgage broker? Bank? Who should you go to for your mortgage needs? We provide the information you need to make your decision! As a mortgage seeker, you will definitely face the dilemma of going to a private mortgage broker or bank! Which one would be better for you, which one would provide better deals, and so many other questions. This is an age old debate which will continue till a borrower exists! Some borrowers swear by the bank and its [...]

Who qualifies for a first time home buyer mortgage?

Buying a home? There are benefits to being a first time home buyer! Do you qualify? Find out below! A first time home buyer is someone who has never owned a home before! But the rules also include this little twist! If you haven’t owned a home for at least three years prior to applying for the mortgage loan, even you could be called a first time home buyer! And you could be eligible for all the benefits and grants [...]

Private financing for home purchase

Is your dream home still a dream? Traditional mortgages are too hard to get? We have a solution for you! A lot of people are unable to qualify for a traditional mortgage. The new rules, the stress test and other barriers keep preventing us from getting the mortgage we need. Everyone wants to own a home, make new memories with their families in a place they call their own. Financing serves as a barrier. But it isn’t impossible to get [...]

Why should you refinance your mortgage?

Why is mortgage refinancing a smart move? Is it the right option for you? Mortgage refinancing is a great way for people to change their financial status. More equity can be taken out or more savings could be made. With the right take on your mortgage refinance, you could get deals which can help you retain your hard earned cash while getting rid of your mortgage much faster than you had originally anticipated. What are the smart reasons to refinance your [...]

PRIVATE MORTGAGE FOR SELF-EMPLOYED IN MILTON

Is getting Private Mortgage a good option for Self Employed in Milton? Yes! Self-employed individuals make up a large share of the borrowers through private mortgages. Most self-employed individuals aren’t able to apply for a traditional mortgage. The increase in the strictness of rules and regulations and the dreaded stress test, has caused the process of getting a mortgage to become even harder! Private mortgages come as a saving grace in this scenario. Why Choose Private Mortgage for self Employed? The lenders of [...]

Second Mortgage Requirements

Planning to get a second mortgage? Find out the requirements to make the process faster! Second mortgages are just like any other mortgage plan and they can be obtained if you have the right documents ready to go and you meet all the criteria! These are essentially the second loan you are taking out on your property. If you are a resident of Milton, there are many mortgage brokers such as My Milton to help you get the best deals. Why [...]