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 [...]
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 [...]
Uncovering the factors that impact your credit How does credit really work? We use credit all the time, and yet many of us are still unsure exactly how it works, how our scores are determined, or how good or bad credit can affect the many aspects of our financial lives. In laymen’s terms, your credit [...]
The buying process can be scary and intimidating, especially for first-time homebuyers – but it doesn’t need to be. At The Mortgage Station, we pride ourselves on being able to not only give experienced advice to new home owners, but to also walk them through the process - so that they can understand what they [...]
Odd’s are you’ve heard buzz about Canada’s economy lately. What’s going on? The housing market is cooling down and mortgage rates are set to rise before the end of the year. Why? Because the Canadian economy is thriving and inflation is picking up – causing banks to raise interest rates. How does that affect Canadians? [...]
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