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New Rules Impacting Home Equity Lines of Credit in Canada Effective October 31, 2023

new HELOC rules October 2023

Introduction Canada is set to implement new rules that will have a significant impact on Home Equity Lines of Credit (HELOCs) starting from October 31, 2023. These changes are being introduced to address concerns related to household debt and ensure the financial stability of Canadian homeowners. In this blog post, we will delve into the […]

Your Path to Homeownership

path to home ownership in kitchener

Seeking a Mortgage Broker in Kitchener? Dive into the world of Pekoe Mortgages. Explore how our services can help you secure the perfect home loan.

Unlocking The Doors to Your Canmore, Alberta Dream Home: A Canmore Mortgage Broker Secret

Finding your dream home in Canmore is an exhilarating journey, but the path to homeownership can be complex. Fortunately, there are mortgage brokerage secrets that can help you unlock the doors to your dream home. In this blog post, we’ll reveal Canmore’s top mortgage brokerage secrets, empowering you with valuable insights to secure the perfect […]

The Ultimate Guide to Choosing a Canmore, Alberta Mortgage Broker

In the bustling real estate market of Canmore, Alberta, finding the perfect mortgage for your dream home can be a daunting task. This is where a knowledgeable and experienced mortgage broker comes in. A reputable mortgage broker can help you navigate the complex world of mortgages, securing the best rates and terms tailored to your […]

Essential Questions To Ask A Canmore Mortgage Broker

Finding the right mortgage broker is crucial when it comes to securing a home loan in Canmore. A knowledgeable and reliable mortgage broker can guide you through the complex mortgage process and help you find the best loan options for your needs. Before choosing a Canmore mortgage broker, it’s important to ask specific questions that […]

Who usually pays a mortgage broker fees?

who pays mortgage broker fees in kitchener

If you’re considering working with a mortgage broker, you may be wondering if broker fees are always charged. The truth is, broker fees are not always a requirement. Some brokers may offer their services at no cost to the borrower, as they receive a commission from the lender.

At Pekoe Mortgages, we understand the importance of transparency and being upfront about our fees. If we don’t charge a fee, we will always be clear about how we are compensated for our services. However, it’s important to remember that the absence of a fee doesn’t necessarily mean the mortgage is the most cost-effective option. A reputable mortgage broker can help you evaluate the overall cost of a mortgage and help you find the best deal for your financial situation.

Bridge Financing in Canada: Everything You Need to Know

bridge financing in Canada

Bridge financing, also known as a bridge loan, is a short-term loan that is typically used to “bridge” the gap between the purchase of a new property and the sale of the borrower’s current property. In other words, it allows homeowners to purchase a new home before selling their current one. In Canada, bridge financing is becoming increasingly popular as it allows homeowners to move into their new home right away, without having to wait for the sale of their current property.