Benefits of 2nd & 3rd mortgage in Canada In Canada, many homeowners choose to take out a second or third mortgage on their homes to help finance major expenses or to consolidate debt. While these types of mortgages may come with higher interest rates than a first mortgage, they offer […]
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5 KEY TRENDS IN THE MORTGAGE INDUSTRY THAT HAVE CAUSED SERIOUS DISRUPTIONS Prior to a few years ago, the majority of mortgage-related businesses would not have known what machine learning, blockchain, big data, and artificial intelligence were. These concepts are now more than just buzzwords, as technology in all its […]
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What is mortgage bridge financing, also referred to as a bridge loan, and what is a bridge loan? In essence, the mortgage lender lends you your downpayment and, in most cases, your closing costs if you buy a home before selling one. The majority of Canadians require the equity […]
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How to Fund a Million-Dollar Renovation A Guide to Buying your first home Entering the world of home (or condo) renovation requires you to be mentally and emotionally prepared as well as financially. Especially if it is a complete gut renovation or tear down. Even minor renovations, however, can cause […]
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A Guide to Buying your first home A Guide to Buying your first home Purchasing a home can appear to be a daunting task — it may be the most expensive and emotionally charged purchase of your life. However, even during a pandemic, with careful research and determination, you can […]
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Top reasons to deal with a mortgage broker Get a Mortgage You’ve made an offer on a house, and it’s been accepted. Or perhaps you’ve decided to remodel that dusty old basement and need to refinance. Or perhaps your mortgage is up for renewal and you’d like to look into […]
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!! Bank of Canada hikes key interest rate to 0.50%!! Get a Mortgage The Bank of Canada raised its benchmark interest rate to 0.5 per cent on Wednesday, a move that’s expected to be the first of a series of small rate hikes this year, in an attempt to tame […]
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How to Get a Mortgage through 7 Easy Steps Get a Mortgage Purchasing a house is perhaps the most interesting thing you’ll do in your life. It’s additionally the costliest. Except if you have a pool loaded with cash, you’ll have to take out a home loan to assist with […]
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Welcome to Kapil Mortgages. This is our first post.
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