The Hidden Cost of Early Mortgage Renewals: Why Homeowners Should Think Twice
As homeowners, staying proactive about mortgage renewals is crucial for long-term financial health. At RTS Mortgage Financial, we understand the nuances of making the best mortgage decisions, especially when it comes to renewing your mortgage. One topic that requires attention is early mortgage renewals—an enticing offer that often comes with hidden downsides. While many homeowners […]
As Rates Fluctuate: Understanding Variable vs Fixed Mortgage Rates
Variable vs Fixed mortgage rates are a common topic of discussion as interest rates begin to decline, prompting many homebuyers and homeowners to revisit the debate. For some, variable rates have been a valuable tool for paying off their mortgage faster, since the initial rate is often lower than fixed-rate mortgages. However, recent years have […]
Understanding Variable vs. Fixed Mortgage Rates: Is a Variable Rate, VRM, or ARM Right for You?
As Rates Fluctuate: Understanding Variable vs Fixed Mortgage Rates Variable vs Fixed mortgage rates are a common topic of discussion as interest rates begin to decline, prompting many homebuyers and homeowners to revisit the debate. For some, variable rates have been a valuable tool for paying off their mortgage faster, since the initial rate is […]
Unlock Financial Freedom: Boost Your Credit Score in 60 Days
How to Boost Your Credit Score in 60 Days: Expert Tips for Financial Success Boost your credit score in 60 days with these expert tips. Improve your financial opportunities, secure better mortgage rates, and unlock homeownership with a higher credit score. Having good credit is the difference between being boxed in and having options! It […]
Boost Your Credit Score in 60 Days
Unlock Homeownership and Secure the Best Mortgage Rates with good credit Having good credit is the difference between being boxed in and having options! It has never been more important to maintain good credit. From home purchases to buying a car, bad credit can interfere with your efforts to move forward in life. It can […]
Bank of Canada Rate Cut: What Does This Mean for Homeowners and Home Buyers?
The anticipated Bank of Canada meeting delivered what has been whispered about for the past few months: a rate cut! This is the first rate cut in about four years, and with it come many questions for homeowners and aspiring homeowners. Will there be more cuts? Is this the time to get into the market? […]
Are You Financially Ready
Your credit score plays a crucial role in securing the lowest mortgage rates in Canada, making your monthly mortgage payments more affordable. The first step in the mortgage process, once you have completed the application, is pulling and reviewing your credit report. A higher beacon score puts you in a better position to secure a […]
Non-Traditional ways to purchase your home
As the goal of homeownership seems increasingly out of reach for many aspiring homeowners, individuals are exploring alternative methods that can help bridge the gap to homeownership. Here are two non-traditional options that might pave the way to owning your home. The Shared Appreciation Program This program helps prospective homeowners enter the market by providing […]
Unlocking the Mystery: Variable Rate Mortgage vs. Adjustable Rate Mortgage
In the complex world of mortgages, choosing between a Variable Rate Mortgage (VRM) and an Adjustable Rate Mortgage (ARM) can seem daunting. Each option comes with its own set of pros and cons, making it essential for homeowners and homebuyers to understand the differences. Let’s delve into the details to demystify these mortgage types and […]
Unlocking Homeownership – Mastering Your Finances with a Mortgage Calculator Canada
Utilizing a mortgage calculator Canada is essential for understanding your buying power in the real estate market. By inputting key financial information such as income, expenses, and down payment amount, you can gain valuable insights into how much you can afford to spend on a home. This tool empowers prospective buyers to make informed decisions […]