In order to get you the best rates, we can help improve your credit rating. We can start with your credit report. Our mortgage professionals can help you obtain a copy and go through it to verify that all of the information. Your credit report is a working document. Which means over time that you can, repair any damaged credit and improve your credit score.

If you can barely afford your monthly mortgage payments, you can choose a longer term mortgage, say for twenty-five years, so that you can be able to afford your mortgage payments if interest rates increase and by near the end of a twenty-five year mortgage term, most buyers will be in a better financial situation, have a lower principle balance due, and should interest rates have risen, will be able to afford higher mortgage payments.

For a mortgage for an investment property, you may want to consider choosing a longer mortgage term which gives you a better idea of what the mortgage payments on the property will be more stable for a long time and allow you to more accurately project your future income from the property.

Borrowing against the equity owned in your home to further leverage investment capital, pay your debts, send their children to university, make improvements to their home, or even boost their RRSP contributions can be a good idea, but you should do so with caution and fully understand the benefits and possible risks. Our experts can advise you and guide you to the best choice for your situation.

Generally it is wise to start shopping for a new term between four and six months before your current mortgage term expires. Mortgages tend to be one of the largest expenses. You need to find the best interest rates and terms you can get. By shopping around at renewal time you can save quite substantial amounts of money over the term of your mortgage.