The prospect of a mortgage and owing a huge sum over decades — whether you’re arranging or renewing financing on a home — can be daunting. And when you look at how much of your payments go toward the interest in the early years of your mortgage, that’s even more discouraging. Jared Ksenica, BMO’s regional vice-president for the GTA mortgage specialist sales force. Discuss with your adviser the length […]
My entire family got involved when I first considered buying a house, since I have the luck of being related to real estate agents, investors, and other experts that are more than happy to give advice about buying a property — even before I ask. The first thing they asked me […]
Refinancing your mortgage can be a smart move. Sometimes, you can secure a lower interest rate, make your payments more manageable, or even access equity to make improvements or consolidate debt. However, figuring out whether it is the right time to refinance your home isn’t always easy. Interest rates frequently […]
If you need a mortgage to buy a house but lack the funds to make a 20% down payment, you might end up paying an added fee called private mortgage insurance, or PMI. So what exactly is PMI? In the same way homeowners insurance protects you in case of problems […]
