Defining a Second Mortgage – A second mortgage of the property in Ottawa is the second loan you take out on an already mortgaged property. In general terms, a second mortgage is in the form of a Home Equity Line of…
5 Reasons to Refinance Your Mortgage
There has been a flurry of refinance activity this year given our rock bottom interest rates, providing homeowners with access to today’s low rates and the most cost-effective way to get needed funds. Refinancing means getting out of your current mortgage…
Fixed or Variable?
There are many people, both mortgage professionals and borrowers alike, who will swear that variable-rate mortgages are always the way to go. Their reasoning is that variable-rate mortgages have historically beat out fixed rates, or that variable-rate mortgages have always worked…