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Plainly put - A collateral mortgage is one way of registering your mortgage on title. Usually this type of registration is used by banks and credit unions. Most monoline lenders on the other hand will rarely register your mortgage as a collateral charge What is a...

What is Mortgage insurance? Mortgage default insurance protects lenders in the event a borrower ever stopped making payments and defaulted on their mortgage loan. It is is mandatory in Canada for down payments between 5% (the minimum in Canada) and 19.99%. When you put less than 20% down, you’re...

Congratulations, you've just finished the mortgage process, removed subjects, and are now preparing for your meeting with the Notary to complete your new purchase. This is a time for celebration, not panic. A good Broker will prepare you for the added costs associated with purchasing...

Is It All About Rate? Most believe that it is. Many think that obtaining the lowest rate is essential to your real estate investment success. But keep in mind, rate is but one of the four main parts of any residential mortgage offer. Amount, term and amortization period are also critical factors. Each component is related to your...

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