The Mortgage Station Blog

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Should I Purchase A House With Conditions or Make a Firm Offer?

The time has come - you’ve seen over 20 houses in the last couple of weeks and you have now found your dream home. You think to yourself, “this is the one; we cannot lose this deal.”  With the market being so competitive, sometimes the difference between a firm and a conditional offer can be [...]

By |August 17th, 2021|Uncategorised|Comments Off on Should I Purchase A House With Conditions or Make a Firm Offer?

What’s the Process for Getting a Mortgage in Canada?

Before you get too consumed with house hunting, it's a good idea to find a mortgage specialist who can help you get an idea of what home you can afford. It is equally important for you to understand the process. The more you understand, the less likely there will be unexpected surprises! No one likes these… [...]

By |July 14th, 2021|Uncategorised|Comments Off on What’s the Process for Getting a Mortgage in Canada?

Interest Rate vs. Annual Percentage Rate (APR): What’s the Difference?

Interest rate and annual percentage rate (APR) are commonly interchanged due to the slight difference between their calculations. Nonetheless, they are different and important to understand when determining the cost of a loan.  Read on to learn more about the difference between interest rates and annual percentage rates and what each means. Mortgage Interest Rates [...]

By |May 28th, 2021|Uncategorised|Comments Off on Interest Rate vs. Annual Percentage Rate (APR): What’s the Difference?

What Determines Your Mortgage Rate?

Mortgage rates are one of many important factors to keep in mind when purchasing a home. They can have a long-term impact on your homes cost when you finance. If you save a fraction of a percent on your mortgage rate, it could save you thousands of dollars in the long run. Of course, you [...]

By |March 4th, 2021|Uncategorised|Comments Off on What Determines Your Mortgage Rate?

New Year, New You: Financial Plan for Homeowners

With 2021 right around the corner, this is usually the time where most of us reflect on the past years and look at ways to improve ourselves and set new goals. While many people focus on developing new year resolutions that revolve around fitness and dieting, it may be a smart decision to put your [...]

By |December 14th, 2020|Uncategorised|Comments Off on New Year, New You: Financial Plan for Homeowners

What Happens With Your Mortgage During a Divorce?

Divorces are often messy, painful and complicated. Then you have to add on the extra stress of deciding who owns what.  One of the most complicated issues when going through a divorce or separation is dealing with joint debt, and more specifically, your mortgage. When getting a divorce, couples aren’t only dividing assets, but they’re [...]

By |November 12th, 2020|Uncategorised|Comments Off on What Happens With Your Mortgage During a Divorce?

COVID Success Stories: Anesha and Shane Refinance

Meet Anesha and Shane. Anesha & Shane are returning clients, with their mortgage maturing April 2020. When our conversation started in November, we had “all the time in the world”. Anesha and Shane not only needed to deal with the renewal, they also wanted to take this time to consolidate some accounts they had balances [...]

By |July 17th, 2020|Uncategorised|Comments Off on COVID Success Stories: Anesha and Shane Refinance

COVID Success Stories: Sanjay and Fatima Purchase A Home

Meet Sanjay and Fatima. This story starts in March 2016. Sanjay and Fatima have been saving diligently for a down payment to purchase a pre-construction condo in Toronto. Sanjay is a manager of a coffee shop in Toronto and Fatima is a flight attendant for a major airline, and after diligent searching, they finally found [...]

By |July 17th, 2020|Uncategorised|Comments Off on COVID Success Stories: Sanjay and Fatima Purchase A Home

COVID Success Stories: Steve and Connie Get A Private Second Mortgage

Meet Steve and Connie Steve and Connie have their sights set on retirement life. Their 2020 goals were to get their house ready to sell and find a new home further north of Barrie. With lots of equity in their home, and the lower purchase prices in northern communities, they were dreaming of being mortgage [...]

By |July 17th, 2020|Uncategorised|Comments Off on COVID Success Stories: Steve and Connie Get A Private Second Mortgage

COVID Success Stories: Cheryl Gets A Home Equity Loan

Meet Cheryl Cheryl has been a very successful travel agent for the past 12 years. Her success has been based upon the care and exceptional service she provides to her clients, so she never in her career as a travel agent expected to be in a position where she would not get enough income to [...]

By |July 17th, 2020|Uncategorised|Comments Off on COVID Success Stories: Cheryl Gets A Home Equity Loan