Mortgages Episodes

Although much of what we chat about in this episode isn't necessarily new information, it certainly is very relevant at the moment. Take a listen to find out 5 reason's why mortgage pre-approvals are falling apart.

When you were shopping for your first home you didn’t just jump headlong into the first property you laid eyes on and lock yourself into the first mortgage rate you came across online, did you?

There is a lot of economic uncertainty ahead in 2022 and it has a lot of us feeling on edge. On this episode we talk about the realities of a variable rate mortgage.

If you’re new to managing your credit, an easy way to remember the minimum credit requirements for mortgage financing is the 2/2/2 rule. Two active trade lines established over a minimum period of two years, with a minimum limit of two thousand dollars, ...

Although it’s ideal to have your mortgage paid off by the time you retire, that isn’t always possible in today’s economy. The cost of living is considerably higher than it has ever been, and as a result, many Canadians are putting off retirement, hoping ...

Chances are if you’re applying for a mortgage, you feel confident about the state of your current employment or your ability to find a similar position if you need to. However, your actual employment status probably means more to the lender than you migh...

Let’s say you have a home that you’ve outgrown; it’s time to make a move to something better suited to your needs and lifestyle. You have no desire to keep two properties, so selling your existing home and moving into something new (to you) is the best i...

If you’re looking to purchase a property, although you might not think it matters too much, the source of your down payment means a great deal to the lender. Let’s discuss the lender requirements, what your down payment tells the lender about your financ...

Porting your mortgage is when you transfer the remainder of your current mortgage term, outstanding principal balance, and interest rate to a new property if you’re selling your existing home and buying a new one.

If you’re going through or considering a divorce or separation, you might not be aware that there are mortgage products designed to allow you to refinance your property and buy out your ex-spouse.

In this episode we discuss how to use The Smith Manoeuvre in Canada to make your mortgage tax deductible and create wealth.

In this episode we discuss how it's a commonly held belief that if you’ve made your mortgage payments on time throughout the entirety of your mortgage term, that the lender is somehow obligated to renew your mortgage.

If you have a variable rate mortgage and recent economic news has you thinking about locking into a fixed rate, here’s what you can expect will happen. You can expect to pay a higher interest rate over the remainder of your term, while you could end up p...

When looking to qualify for a mortgage, typically, a lender will want to review four areas of your mortgage application: income, credit, downpayment/equity and the property itself.

If you’ve thought now is the time to find a new property to accommodate your growing family, but you’re unsure how your parental leave will impact your ability to get a mortgage, listen to this episode!

Did you know there’s a program that allows you to use your RRSP to help come up with your downpayment to buy a home? It’s called the Home Buyer’s Plan (or HBP for short), and it’s made possible by the government of Canada. While the program is pretty str...

Your down payment refers to the initial payment you make when buying a property through mortgage financing. In this episode we discuss your options.

When calculating if you can afford to purchase a property, don’t just figure out a rough downpayment and quickly move on from there. Several other costs need to be considered when buying a property; these are called your closing costs.

If you’re in the early stages of planning to buy either your first home or your next home, this is the episode for you!

As the name implies, a cashback mortgage is similar to a standard mortgage, except that you receive a lump sum of cash upon closing.

When arranging mortgage financing, your mortgage lender will register your mortgage in one of two ways, either with a standard charge mortgage or a collateral charge mortgage. What's best for you?

If you’re looking to do some home renovations but don’t have all the cash up front to pay for materials and contractors, here are a few ways to use mortgage financing to bring everything together.

With the latest stats claiming that about half of marriages end in divorce and with around three-quarters of Canadians being homeowners, it’s important to know how to handle your mortgage if you decide to separate. Here’s a list of things to consider.

Albert Collu is the President and CEO of Marathon Mortgage, a Canadian monoline lender. In this episode we discuss the benefits of using a lender that solely specializes in mortgages. We also talk about the penalties associated with breaking a mortgage t...