Studies have shown, time and again, that debt takes a serious toll on our mental and physical health. Migraines, poor sleep, and heightened anxiety have all been linked to debt stress. So it may come as no surprise that even discussing credit scores has been shown to increase symptoms of anxiety in individuals across all [...]
How’s your credit score? At The Mortgage Station, we understand that building and maintaining good credit can be difficult. We also understand that losing a job, not having any credit, becoming ill, paying for emergency expenses, and just plain bad luck can cause Canadians to have bad credit. In addition, we’ve learned that most Canadians [...]
Are you a hopeful first-time homebuyer in Canada who is unsure how you will afford a mortgage of your own? You’re not alone. We understand that considering such a large purchase is stressful and can feel very overwhelming. However, you might be comforted to know that you may be eligible to borrow up to $25,000 [...]
At The Mortgage Station, we’ve noticed a lot of buzz and interest surrounding RRSP Mortgage loans being a fantastic option for those looking to borrow money from sources other than the bank. And while RRSP Mortgages can be hugely advantageous for some people, they may not be suitable for others. What is an RRSP? An [...]
Has your bank called you to renew your mortgage? Are you wondering if it’s a good time to get out of your current mortgage term to qualify at a lower rate elsewhere? In this article, we attempt to answer many of the questions you may be contemplating around the topics of renewal, transferring, or refinancing [...]
Whether you’re the kind of person who wants to pay off their mortgage by the time they’re 50, or the kind of person who likes to move every few years, it’s important to understand the realities of what a potential move might mean for you financially. Below we explore what happens to your mortgage when [...]
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 [...]
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 [...]
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 [...]
‘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 [...]
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