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Mortgage Pre-Payment Options - Oakville Mortgage Broker

Mortgage Pre-Payment Options

Are you currently a homeowner and are looking to pay off your loan quicker by making larger payments per month? Or maybe you would like to pay off your loan entirely? Well, if this is you, then you should consider different mortgage pre-payment options. These are options that allow you to make these payments to your loan without being penalised.

So, to help you get started, your local Oakville mortgage broker …

  • Posted: April 4, 2019
  • Tags: Mortgages
  • Comments: 0
Pre-Qual vs Pre-App - Oakville Mortgage Broker

Pre-Qualification vs Pre-Approval

One thing first-time homeowners try to figure out is what the first step should be when beginning the home buying and Oakville mortgage application process. Now many people are aware that buying a home is not a cheap process. In fact, this purchase will most likely be the biggest expense you ever make. This is why it is so important to be organized with your finances and with your monthly …

  • Posted: March 19, 2019
  • Tags: Mortgages
  • Comments: 0
Oakville Mortgage Broker - Top First Time Home Buyer Pitfalls

Top First Time Home Buyer Pitfalls to Avoid

If you are purchasing a home for the first time, it is only common that there may be some pitfalls along the way. But to prevent these drawbacks from happening, your local Oakville mortgage broker with Loewen Group Mortgages has listed the top first time home buyer pitfalls and how to avoid them.

Pitfall #1: Not Knowing Your Affordability
Many homeowners make the mistake of looking for homes when they do not …

  • Posted: February 7, 2019
  • Tags: Mortgages
  • Comments: 0
Oakville Mortgage Broker - Oakville Market Update

Oakville Market Update

The holiday season is officially here. Cookies are baking in the oven, festive holiday lights are being hung on the house, and a Christmas tree in the living room for you to put your gifts for loved ones under are just a few of the holiday traditions that can convince any potential buyer to make their first home purchase.

Buying a home this time of year not only means you can …

  • Posted: January 8, 2019
  • Tags: Mortgages
  • Comments: 0
Top Home Renovations That Pay Off - Oakville Mortgage Brokers

Top Home Renovations that Pay Off

Fixer Upper, Property Brothers, Flip or Flop, and Great Canadian Homes are just some of the many home improvement shows on HGTV that can really entice anyone to renovate their home.

If you are considering selling your home in the near future there are a few things you should consider before you put your house for sale on the market. This starts with deciding whether or not you are interested …

  • Posted: December 6, 2018
  • Tags: Mortgages
  • Comments: 0
Oakville Mortgage - Benefits of Homeownership

Benefits of Homeownership

What better time of year to become a homeowner than right now. With the cooler weather officially upon us and the holiday season in our midst, now is an excellent time to take the initiative a purchase your dream home. Nothing gets consumers in the buying mood more than walking around and seeing festive holiday decorations, such as pumpkins and decorative wreaths on the front of people’s houses.

Not only are …

  • Posted: November 5, 2018
  • Tags: Mortgages
  • Comments: 0
Oakville Mortgage Broker - Second Mortgage and Refi

The Difference Between a Second Mortgage and Refinancing

If you are a current homeowner and have lived in your house for an extended period of time, you most likely have accumulated a substantial amount of home equity. The equity in your home is the difference between your home’s appraised value and the amount you owe on your mortgage. This means that the more payments you make towards your mortgage, the more equity you will have.

Once you have enough …

  • Posted: October 8, 2018
  • Tags: Mortgages
  • Comments: 0
Oakville Mortgage Brokers - Characteristics of a Great Brokerage

Characteristics of a Great Mortgage Brokerage

Searching for the right team to facilitate your Oakville mortgage can be overwhelming for any first-time home buyer. This is why it is important to ask your friends and family or even look up the reviews of local brokers in your area.

Before you begin this search, however, there are a few traits that you should look for. So, to help you get started, our team at Loewen Group Mortgages have …

  • Posted: September 13, 2018
  • Tags: Mortgages
  • Comments: 0
Oakville Mortgage - Mortgage Insurance Requirements

Mortgage Insurance Requirements

In Canada, mortgage insurance is also referred to as mortgage default insurance. This is required for all buyers who have paid between 5% and 19.99% toward their home’s down payment. You will not be able to obtain a mortgage if you pay less than 5% of your home’s purchase price.

This extra insurance is to protect the lender in case the borrower defaults on their …

  • Posted: July 10, 2018
  • Tags: Mortgages
  • Comments: 0
Oakville Mortgage Broker - Credit Ready Tips

Tips for Getting Your Credit Ready for a Mortgage

When applying for an Oakville mortgage, your interest rates are largely determined by how good of a credit score you have. The higher your score is, the better rates you will receive on your mortgage. Here at Loewen Group Mortgages, our team has come up with 4 useful tips that can help you get your credit ready when applying for a mortgage.

Tip #1: Review Credit Report

Before you start the application …

  • Posted: June 7, 2018
  • Tags: Mortgages
  • Comments: 0

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