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).
Approved! Time To Tackle Mortgage Conditions
You just heard those reassuring words “You are approved!” but this isn’t the end of the journey. You and your mortgage agent must stay focused and ensure all the lender’s mortgage conditions are met well in advance of your closing date.
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.