The Mortgage Station Blog

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What You Need To Know About Cottage & Second Home Financing

Like many Canadians, you’ve probably dreamed of buying a beautiful lakefront cottage in Muskoka, Niagara on the Lake, or The Kawarthas. And with the proper research, the right budget, and a reliable mortgage broker, your dream can become a reality. However, as a second-home buyer or investor, you need to understand your options and the [...]

By |May 29th, 2018|Uncategorised|0 Comments

The Four Most Popular Types of Mortgages

With many different mortgage options to choose from, it can seem overwhelming to determine which you are eligible for, and which will serve you and your unique situation best. That’s why the team at The Mortgage Station spends so much time working to educate their clients and the public on the different types of mortgages [...]

By |May 15th, 2018|Uncategorised|0 Comments

5 Things to Consider When Choosing a Mortgage Broker

Two of the most important steps when buying a house are deciding on where to secure financing and deciding which type of financing to use. As there are numerous places where a buyer can secure a mortgage to purchase a home, it’s critical to know what options are available and what is best for your [...]

By |May 15th, 2018|Uncategorised|0 Comments

What You Need To Know About Alternative Personal Mortgage and Business Lending

‘Alternative lending’ is one of those buzz words that you’ve likely heard but may not know much about. In this article, we unpack what alternative lending is, how it functions, what is offered within alternative lending, and how to think beyond traditional bank lending. What is alternative lending? Alternative lending refers to a variety of [...]

By |April 2nd, 2018|Uncategorised|0 Comments

What You Need To Know About The Canadian Mortgage Stress Test

It’s official. The Office of the Superintendent of Financial Institutions (OSFI) has released the final version of the new B-20 Guideline for the mortgage industry – effective Canada on January 1st, 2018. However, while most Canadians have heard “buzz” about these changes, many are struggling to understand how the new rules will impact their finances [...]

By |February 23rd, 2018|Uncategorised|0 Comments

8 Ways To Financially Recover from Holiday Overspending

Overspending during the holidays can put a crippling hold on your finances as you enter the New Year. While buying expensive Christmas gifts and indulging in Boxing Day sales may have felt good and “worth it” at the time, as credit card bill rolls in, and monthly bills pile up, we understand how overwhelmed Canadians [...]

By |January 24th, 2018|Uncategorised|0 Comments

9 Things Canadians Should Know About Mortgages In Canada

So, you’re Canadian eh? Well, good news, we are too! Canadian through and through, our Mortgage Station team understands how mortgages work and function across our great nation. Although headquartered in Lefroy Ontario, our brokers provide solutions and advice across Ontario and beyond - to serve Canadians with the highest quality of mortgage service available. [...]

By |December 12th, 2017|Uncategorised|0 Comments

What Does It Mean To Consolidate Debt?

The process of consolidating debt aims to help individuals to pay off their consumer debts by taking out a new loan. This combines multiple debts into a singular pool of debt, which typically offers better pay-off terms that an individual would receive with multiple debt accounts. Why Consolidate Debt? People choose to consolidate their debts [...]

By |November 16th, 2017|Uncategorised|0 Comments

Mortgage Tips For Millennials

For millennials wrestling with the idea of purchasing a home in the New Year, feelings of fear and anxiety are to be expected. The reality is, young homebuyers are in a very vulnerable and difficult position, as they will face higher rates than the generations before them and many will have to simultaneously try to [...]

By |October 24th, 2017|Uncategorised|0 Comments

What Is A Reverse Mortgage

A Reverse Mortgage Is a loan available to seniors and is taken out against the value of a home. These funds are advanced in the form of either fixed monthly payments or a line of credit. Reverse mortgages allow seniors to use the equity they have built up in their home over time to defer [...]

By |September 15th, 2017|Uncategorised|0 Comments