Mortgage Products

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Mortgage Insurance in Canada

Mortgage insurance is a kind of insurance that was developed to compensate financial institutions or investors should a homeowner default on their loan. It is required for any mortgage where the downpayment is less than 20%. Whether the mortgage insurance is public or private will depend on the institution that lends the funds. Where Can [...]

By |2019-03-10T20:29:20+00:00March 10th, 2019|Mortgage Products, Mortgage Tips|0 Comments

Canadian Spring Real Estate Market Shows Promise for 2017

Spring is a unique season in real estate terms. It’s the time of year when we see the most activity, with “For Sale” signs dotting nearly every neighborhood, and open houses and showings become the norm across the country. The Star has already dubbed it “a ... spring real estate season like none in memory.” [...]

By |2017-05-15T14:45:10+00:00May 15th, 2017|Economy, Mortgage Products|Comments Off on Canadian Spring Real Estate Market Shows Promise for 2017

Why a Lowest Mortgage Rate Is Not Always the Best Rate for You?

Mortgage interest rates are always a subject of rivalry among lenders in Canada. This war has continued this year with a leading Credit Union announcing a 1.69% fixed rate mortgage a couple of months ago. According to experts, this could be the lowest one-year fixed rate available. You can expect other players to follow suit [...]

By |2017-01-04T00:58:49+00:00May 9th, 2016|Mortgage Products, Mortgage Tips|Comments Off on Why a Lowest Mortgage Rate Is Not Always the Best Rate for You?

Why use a Mortgage Broker?

If you are house hunting, get started on the right foot with the help of one of our Mortgage Brokers. We have the expertise to help you find the best mortgage product to match your personal situation. Mortgage rates have been on a record low in Canada, this may be a good time to take [...]

By |2019-02-06T16:51:03+00:00April 5th, 2016|Mortgage Products, Mortgage Tips|Comments Off on Why use a Mortgage Broker?

Should I Get a Mortgage? The things that you need to know before you try

Buying a home is the largest investment most people make in their lives, and mortgages are a valuable tool at your disposal for making that happen. This kind of decision should never be rushed, though. Here at Sky Financial, we want you to know everything there is to know before getting one so that you [...]

By |2015-12-01T17:57:42+00:00December 1st, 2015|Debt management, Mortgage Products, Mortgage Tips|Comments Off on Should I Get a Mortgage? The things that you need to know before you try

How the New Government Will Affect the Mortgage Landscape

After a long run of conservative governance the Canadian people have elected a liberal majority headed by the new prime minister, Justin Trudeau. Since they are now in the majority across the government, they will have the power and influence to affect every facet of life in the nation. This includes the mortgage industry. Some [...]

By |2015-11-20T17:42:39+00:00November 20th, 2015|Mortgage Products, Mortgage Tips|Comments Off on How the New Government Will Affect the Mortgage Landscape

Common Mortgage Questions That First-Time Buyers Have

Buying a home is a rewarding but difficult process. There are going to be many new terms for first-time buyers to learn and people to meet before they even begin to get the paperwork in order. Here at Sky Financial, we are here to help you every step of the way so that you can [...]

By |2017-01-04T00:58:49+00:00October 28th, 2015|Mortgage Products, Mortgage Tips|Comments Off on Common Mortgage Questions That First-Time Buyers Have

Qualifying For A Mortgage

Part of shopping for a new home is figuring out how much of a mortgage you would qualify for. Affordability is usually based on your household income, personal monthly expenses and the expenses associated with owning a home (property taxes, condo fees, and heating costs). The amount of mortgage you can qualify for is generally [...]

By |2017-01-04T00:58:49+00:00October 11th, 2015|Mortgage Products|Comments Off on Qualifying For A Mortgage

Why Now is a Great Time to Get a Mortgage

A lot of people think that since the global economy isn’t quite as strong as it was in the time before the recent financial crisis, that now still isn’t a good time to get a mortgage. They’d be wrong, though. Although we aren’t completely out of crisis mode, we are definitely on the upswing, and [...]

By |2017-01-04T00:58:49+00:00August 6th, 2015|Mortgage Products, Mortgage Tips, Newsletters|Comments Off on Why Now is a Great Time to Get a Mortgage

The Advantages of Qualified Mortgage Brokers

Applying for a mortgage is probably one, if not the biggest financial commitments you will ever make. That’s why you need to have the right partner on your side as you search for the best mortgage. Although many people have always turned to their banks for this, working with a mortgage broker is by far [...]

By |2015-04-21T19:14:55+00:00April 21st, 2015|Mortgage Products, Mortgage Tips|Comments Off on The Advantages of Qualified Mortgage Brokers