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 […]
If you want to buy a house any time in the near future, your credit score matters. Lenders use your credit score to determine how risky it is to loan you money. With a higher score, you’ll have a better chance of getting approved for a mortgage. Also, you’re more […]
Like that relative that has a habit of showing up at your door unannounced, your credit score can be a sneaky and unpleasant surprise. Most people know that their credit report has a say in their approval for a car loan or mortgage, but it doesn’t end there. Credit reports […]
Mortgages are a lot like cars: Even those who have one don’t always understand what’s going on under the hood. Whether you’re dreaming of your first house or living in your third, mortgages can seem complicated and a little scary. That’s why thousands of people punch mortgage-related questions into their […]
