Self-Employed in Canada? Learn How to Secure a Low-Doc Mortgage and Achieve Your Homeownership Goals
Obtaining a mortgage as a self-employed borrower in Canada can be a difficult task, but with the right preparation and understanding of the process, it is possible to secure a mortgage and achieve your dream of homeownership. Learn more about what lenders are looking for, alternative options, and how Pekoe Mortgages can help you in this comprehensive guide.
What Is Bridge Financing, and How Does It Work 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.
Comparing big banks and monoline banks in Canada
As a mortgage brokerage, Pekoe Mortgages has had the opportunity to work with both big banks and monoline banks. In this post, we’ll explore the key differences between these two types of financial institutions and help you determine which one might be the best fit for your needs and goals.
How to Save Money on Utilities
As a homeowner in Canada, you know that owning a home comes with its fair share of expenses. One area where you can make a significant impact on your budget is your utility costs. Follow these tips to save money on your monthly utility bills
Why Title Insurance is a Must-Have for Homeowners
As a homeowner, it’s important to protect your investment in your property. Title insurance is a type of insurance that safeguards homeowners from financial loss due to issues with the ownership of their home. In this post, we’ll explore the benefits of title insurance and why it’s a must-have for any homeowner.
Buying a home: The difference between deposit and downpayment
When it comes to buying a home in Canada, it’s important to understand the difference between a house deposit and down payment. While they may seem similar, they serve different purposes and have different implications for your home-buying journey. A house deposit is a small sum of money that you put down when you make an offer to purchase a home, while a down payment is a larger sum of money that you pay upfront when you take out a mortgage.
Buying a home in 2023: First Time Home Buyers
Buying a home for the first time can be a daunting experience, but with the right knowledge and preparation, it can also be an exciting and rewarding one. Our first-time home buyers guide for Canadians covers all the essential steps in the process, from determining your budget to closing on the purchase of your new home. Follow these tips and considerations to make the process as smooth and successful as possible.
Should you break your current Mortgage?
Breaking a mortgage in Canada typically involves paying a penalty and other fees. It’s a complex and costly decision that requires careful consideration. Get expert advice from a financial advisor or mortgage broker before proceeding.
Top 10 Tips for Getting the Best Mortgage Rate in Canada
Looking for the best mortgage rate in Canada? Follow these 10 tips to help you secure a competitive rate and save money on your home loan. From improving your credit score and making a larger down payment to choosing the right lender and considering government programs, these strategies can help you get the best deal possible. Start your journey to homeownership on the right foot by following these tips and securing a low mortgage rate.
4 Tips for Paying off Holiday Credit Card Debt
4 Tips for Paying off Credit Card Debt this Holiday Season The Holiday Season is a great time for gift giving. But also an easy way to rack up debt. We’ve all felt some pressure during the holidays to spend, and it can be easy to overspend without really noticing the bills piling up. […]