If you’re looking to buy a home or property, chances are you’ll need a mortgage. A mortgage is a loan that allows an individual to purchase a property.
If you have an existing mortgage, you may at some point consider refinancing it. In practice, this means replacing your current loan with a new one at different interest rate.
There are a number of things to know about the mortgage renewal process and questions to ask yourself before you go ahead with your renewal. CanWise can help you by walking you through all of your renewal options. We can compare what your current lender is offering to the rest of the market and recommend the best options given your current situation.
If you’re a Canadian citizen, applying for a mortgage is a fairly simple process. However, individuals who have recently moved to the country and aren’t yet citizens can still get a mortgage.
Buying your first home can be a daunting experience. It’s almost certainly the most expensive purchase you’ll make in your life. In order to buy a home, you’ll need to get a mortgage.
