Mortgage Blog

What Is Home Equity and How Can I Build It?

What Is Home Equity and How Can I Build It?

October 6, 2021 | Posted by: The MacLean Team

Home equity is an essential asset for creating wealth and income. Learn how home equity is calculated, why it's important, and five steps you can take to build it. As you make monthly mortgage paymen ...

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How to Handle a Low-Ball Offer in Real Estate | Home Selling Advice

How to Handle a Low-Ball Offer in Real Estate | Home Selling Advice

September 15, 2021 | Posted by: The MacLean Team

How to Handle a Low-Ball Offer in Real Estate - Home Selling Advice How to negotiate and handle low-ball offers on your real estate property in a buyer's market without compromising the value or wort ...

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Bank Of Canada Rate Update Sept 8, 2021

Bank Of Canada Rate Update Sept 8, 2021

September 8, 2021 | Posted by: The MacLean Team

Bank of Canada maintains policy rate, continues forward guidance and current pace of quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower boun ...

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What are credit scores and how are they important?

What are credit scores and how are they important?

September 1, 2021 | Posted by: The MacLean Team

A credit score is a number that shows how likely you are to pay or default on credit. It ranges from 300 to 850; the higher the number, the more creditworthy lenders deem you. Your credit history dete ...

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Getting a Mortgage as a Student

Getting a Mortgage as a Student

August 18, 2021 | Posted by: The MacLean Team

Purchasing a home is most likely one of the most sizable purchases most of us will ever make, and finally, buying a home is a dream come true for most. For students, it may seem like this dream is fo ...

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What Happens if You Lose Your Job Before Closing?

What Happens if You Lose Your Job Before Closing?

August 4, 2021 | Posted by: The MacLean Team

A job loss a few days or weeks prior to closing your home purchase can be distressing; especially when you have no alternative source of income. Getting a new job can ease the situation, but it's not ...

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How a Funding Condition Can Secure Purchasers From Financial and Legal Penalties in  Ontario

How a Funding Condition Can Secure Purchasers From Financial and Legal Penalties in Ontario

July 21, 2021 | Posted by: The MacLean Team

When you make a deal to buy a home, in addition to thinking about how much money to provide, you likewise need to think about any conditions that you want to include. Some common conditions deal with ...

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Bank Of Canada Rate Update July 14, 2021

Bank Of Canada Rate Update July 14, 2021

July 14, 2021 | Posted by: The MacLean Team

Bank of Canada maintains policy rate and forward guidance, adjusts quantitative easing program The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ per ...

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Risks of Putting Down a Firm Offer with a Pre-Approval Ontario

Risks of Putting Down a Firm Offer with a Pre-Approval Ontario

July 7, 2021 | Posted by: The MacLean Team

Risks of Putting Down a Firm Offer with a Pre-Approval Today, the real estate market is competitive and homebuyers need all the help they can get to secure their home at the right price. Once you fin ...

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Low Rates in Ontario Helping Buyers Pay Off Their Mortgages at Record Pace

Low Rates in Ontario Helping Buyers Pay Off Their Mortgages at Record Pace

June 28, 2021 | Posted by: The MacLean Team

Home prices may be astronomical in certain parts of the country, but historically low mortgage rates are allowing borrowers to pay off their mortgages faster than ever. At today's average rates, 61% ...

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