The Tribe Blog
Could You Benefit from a Portable Mortgage?
A portable mortgage can be a game-changer for homebuyers and homeowners, particularly if you’re anticipating changes in your housing needs and require extra flexibility before your term is up. It’s important to be aware that not all mortgages come equipped with this...
Helping a Loved One Buy a Home? You’re Not Alone!
With rising home prices and increased costs of living, more Canadians are relying on assistance from family and friends to help make homeownership a reality. A recent report from CIBC says that 31% of first-time homebuyers received financial support from family...
Thinking of Renovating? Home Equity May Be the Most Cost-Effective Funding
Planning renovations that make your home more user-friendly and comfortable for your family is exciting. Using home equity to fund these projects may be an excellent financial strategy as you won’t have to tap into savings or take on high-interest debt. Home equity is...
How Can a Mortgage Co-Signer Help You Buy a Home?
There are a number of reasons that could cause you to be turned down for a mortgage. Fortunately, a mortgage co-signer may be the extra boost you need to get you into your own home as soon as possible. The most commonly accepted co-signers are parents or other close...
Savings Strategies for Your Mortgage
As a homeowner or prospective homebuyer, your mortgage is likely one of the largest financial commitments you’ll ever make. That’s why it’s important to work with a mortgage agent who can offer strategies for you to save money throughout the life of your mortgage....
Would the Loud Budgeting Concept Help You Save for a Down Payment?
For many Canadians, buying a first home is an important milestone that requires careful planning and substantial savings for a down payment in order to achieve. With the rising cost of housing and living expenses, however, saving enough money can feel like an...
Don’t Leave Your Mortgage Renewal to the Last Minute!
Planning your mortgage renewal strategy early with your mortgage agent can prove very beneficial. A proactive approach ensures you’re fully prepared to secure the best possible terms and set yourself up for success throughout your next mortgage term. Here are some key...
Self-Employed? We Have Mortgage Solutions Just for You!
If you’re self-employed, chances are, you’ve found that securing a mortgage can be more complex than it is for salaried individuals. Lenders often scrutinize your income more rigorously, which can prove challenging. This is another great example where a mortgage agent...
Don’t Leave Your Mortgage Renewal to the Last Minute!
Planning your mortgage renewal strategy early with your mortgage agent can prove very beneficial. A proactive approach ensures you’re fully prepared to secure the best possible terms and set yourself up for success throughout your next mortgage term. Here are some key...
Self-Employed? We Have Mortgage Solutions Just for You!
If you’re self-employed, chances are, you’ve found that securing a mortgage can be more complex than it is for salaried individuals. Lenders often scrutinize your income more rigorously, which can prove challenging. This is another great example where a mortgage agent...
Planning Ahead for Holiday Spending
As the holidays approach, the excitement of gift-giving, family gatherings and overall festive cheer is often accompanied by the challenge of managing finances. Balancing holiday spending while keeping an eye on your long-term goals can be tricky, but achievable. Here...
New Mortgage Refinancing Rules to Help Homeowners Build Secondary Suites
We’re welcoming news of many important mortgage changes coming into effect in the next few months. The latest announcement by the federal government will see mortgage changes rolled out aimed at addressing the housing shortage by supporting the construction of...
Great News for Mortgage Renewals!
Homeowners who switch lenders when your mortgage term is up for renewal will no longer be subject to stress-test rules – which add a 2% rate surcharge when qualifying your mortgage – as of November 21st, 2024. This change provides added flexibility so your mortgage...
Federal Gov’t Announces Boldest Mortgage Reform in Decades!
The federal government unveiled huge changes to Canada’s mortgage system September 16th, 2024 aimed at helping make homeownership more attainable for first-time homebuyers as well as Canadians purchasing newly-built homes. This is exciting news for homebuyers,...
Positive Interest Rate News!
We’re finally getting some great news on the inflation – and, consequently, the interest rate – front! Canada’s inflation rate continued its downward trajectory in July, with the headline Consumer Price Index (CPI) slowing to 2.5%, according to Statistics Canada. This...
Should You Pay Your Property Taxes with Your Mortgage?
If you’re a first-time homebuyer, chances are, your lender will require you to pay property taxes as part of your mortgage payments. Still, many people continue to pay them like this throughout their time as mortgage holders. Once you’re no longer required to pay...
What’s My Best Option for Consolidating Debt?
Many mortgage borrowers are weighing their options when it comes to debt consolidation to help ease monthly financial obligations, which can empower you to both save money and improve your cashflow in one move. Accessing home equity is a popular and cost-effective...
10 Tips for Saving Your Down Payment on a Home
Saving for a down payment on a home can be challenging but, with careful planning and discipline, this important milestone will become much more easily achievable. Following are 10 helpful tips to get you started on your homeownership journey as soon as possible. 1....
Have You Thought About Buying a Place for Your Post-Secondary Children?
College and university residence spaces and local rental opportunities are tight in many areas with concentrated amounts of student population. That’s why it may be a great idea to consider buying a home for your child and their friends/roommates to live in while...
Signs to Look for to Help Prevent Mortgage Fraud
Mortgage fraud is a serious issue in Canada that is becoming extremely sophisticated, and can lead to significant financial loss and long-term complications for borrowers. To safeguard against this threat, as a potential homebuyer or mortgage borrower, there are...
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