How Homeowners Can Navigate Their Mortgage Renewal Amid Higher Interest Rates
In 2024, approximately 2.2 million mortgages in Canada are up for mortgage renewal, representing over 45% of all outstanding mortgages, as per data from the Canada Mortgage and Housing Corporation (CMHC).
16 Mortgage Pre-Approval Do’s And Don’ts
Congratulations! You’ve secured a mortgage pre-approval—this is a significant step towards buying your new home. However, it’s essential to remember that the journey doesn’t end here. One crucial element that could impact your mortgage approval is time. A lot can change from the moment you receive your pre-approval to the closing date of your new home.