Blog

Breaking a Mortgage Contract

August 20, 2019 Milka

Getting a mortgage is a big commitment for any homeowner and it can be tough to find the right mortgage for your current situation. But it’s even harder to predict what your needs will be years down the line. When things change, sometimes your mortgage needs to change as well, which is why it’s important […]

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Getting Ready to Renew your Mortgage

July 17, 2019 Milka

Each year, thousands of mortgages are renewed in Canada. If your mortgage term is coming to an end in the next few months, it’s time to start thinking about renewing your contract. Fortunately, renewing your mortgage doesn’t necessarily mean you’ll be paying the same rate as before. In fact, your mortgage renewal can be an […]

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How to Pay Off Your Mortgage Faster

June 27, 2019 Milka

Let’s face it, no one really likes paying down their mortgage. Although it’s exciting to finally find your dream home, and even better to be paying a great rate on it, it’s most exciting for it to be paid off. By finding a mortgage with prepayment privileges, you can have that satisfaction and accomplishment of […]

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Mortgage Stress Test

May 13, 2019 Milka

When it looks like rain, do you pack an umbrella? We all plan ahead, just in case things don’t work out as anticipated. Why should your mortgage, probably the most significant financial move of your life, be any different? A mortgage stress test is an analysis of your planned mortgage rate, possible increases in interest […]

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Why Use a Mortgage Broker?

April 30, 2019 Milka

If you’re in the market for a new home, you’ve probably heard talk of working with a mortgage broker. Many buyers, especially those in the market for the first time, make the mistake of purchasing without a broker, costing them time and money down the line. At the same time, many buyers opt to get […]

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When to Renew Your Mortgage

February 20, 2019 Milka

As long as you owe a balance at the end of your mortgage term, you will be required to renew it. Each renewal offers the opportunity to identify your financial goals and adjust or re-mortgage to find one that works for you. Here are some of the most important steps to take when it’s time […]

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5 Tips for Your Mortgage Renewal

December 7, 2018 Milka

For most Canadians, the biggest monthly expense is their mortgage payment, however, many homeowners opt to automatically renew their mortgage when their term is up. Rather than getting stuck in a mortgage that doesn’t work for you, take the opportunity to shop around. Here are five tips to get the best rate for your next […]

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Getting a Mortgage: Expectation Vs. Reality

October 15, 2018 Milka

For a first-time homebuyer, getting a mortgage is one of the most important steps. Many people getting their first mortgage may be entering with some unrealistic expectations. At The Mortgage Centre, we’re committed to helping every one of our clients own their dream home – that’s why we’ve compiled this list of expectations versus realities […]

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5 Questions to Ask Your Mortgage Broker

September 14, 2018 Milka

When it comes to choosing the right Vancouver mortgage broker for you, it’s important to feel trusting and comfortable. In order to find you the best mortgage plan, a broker needs to learn as much about you and your finances as possible. Don’t hesitate to give your broker access to your financial statements and credit […]

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Budgeting for a Mortgage

July 6, 2018 Milka

Whether you’re buying your first home, or an investment property in Vancouver, budgeting for a mortgage is crucial. Many buyers, especially first-time homebuyers, avoid this crucial step. There are many reasons you might be nervous to break down the numbers and take a look at your budget, whether it’s a lack of financial know-how, or […]

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