Mortgages Explained - Latest Posts
Alex Lavender helps Nova Scotians get the best mortgage for your dream home. Whether you need a self employed mortgage or are looking to do construction with a mortgage plus improvements program, Alex can help. Or if you’re just looking for more information on mortgages checkout these blog posts for helpful tips. Alex is one of Halifax and Dartmouth's top rated mortgage brokers. Known for his kindness and flexibility he provides you with all the info you need to get the best rates!
Featured Article
How Job Relocation Can Affect Your Mortgage Approval
Moving to a new city for a job can be ...
Secure Mortgage Approval During a Probationary Period
Securing a mortgage while you’re on probation at a new job can add a layer of complexity to an already daunting process. Understanding how lenders view your employment status during this time can help you prepare and increase your chances of approval. This guide will explain how a probationary period affects mortgage applications and provide ...
Navigating the Mortgage Process While on Maternity Leave
Securing a mortgage can be a complex process, and adding maternity leave into the mix can make it even more challenging. However, understanding how maternity leave affects mortgage applications can help you better prepare and make informed decisions. This guide will explore the impact of maternity leave on getting a mortgage and provide tips to ...
Navigating Mortgage Portability in Canada: Pros and Cons
When it comes to mortgages, flexibility can be just as important as the interest rate or payment terms. One feature that offers flexibility for homeowners is mortgage portability. This option allows you to transfer your existing mortgage from one property to another, which can be a significant advantage if you’re considering moving before your mortgage ...
Understanding Interest Rate Differential for Home Buyers
When you secure a mortgage, you’re committing to a long-term financial agreement. Life, however, is unpredictable, and circumstances may arise that require you to break your mortgage contract before the term ends. In such cases, understanding the interest rate differential (IRD) is crucial, as it can significantly impact the cost of breaking your mortgage early. ...
Deciding Between a Fixed or Variable Mortgage: What You Need to Know
Choosing between a fixed or variable mortgage is a very important decision you’ll need to make when buying a home. Each option has its benefits and drawbacks, and understanding these can help you make an informed choice that aligns with your financial situation and goals. In this guide, we’ll explore the key differences between fixed ...
Understanding Mortgage Terms: A Simple Guide
Before diving into the home buying process, it’s essential to understand mortgage terms, like what a mortgage is and how it works. Put simply, a mortgage is a loan secured against a real estate asset, with payments charged at a prescribed interest rate. Here’s a breakdown of traditional mortgage terms to help you navigate your ...
A Guide to the Home Buying Process in Nova Scotia
Congratulations! You’re finally at a point where buying your first home seems possible. You’re scared but excited, intimidated but optimistic, nervous but determined. Buying a home can be a rollercoaster of emotions with many steps. In this guide, we’ll walk you through the home buying process in Nova Scotia, from getting pre-approved for a mortgage ...
A Guide to Mortgage Renewal in Nova Scotia: Ensuring the Best Terms
Renewing your mortgage can be just as important as obtaining your initial loan. In Nova Scotia, understanding the nuances of mortgage renewal can help you secure better terms, lower interest rates, and save money over the long term. This guide will provide you with essential information to ensure you get the best deal when renewing ...
Benefits of Using a Local Mortgage Broker in Halifax
Buying a home is one of the most significant investments you will make in your lifetime. When it comes to securing a mortgage, the choices you make can have a profound impact on your financial future. In Halifax, choosing a local mortgage broker offers numerous advantages that can help you navigate the complexities of the ...
Understanding Purchase Plus Improvements Mortgages
When buying a home, you might find a property that needs some updates or repairs. A Purchase Plus Improvements mortgage can be a great solution for these situations. However, this mortgage product is often misunderstood. This guide will explain how it works, the requirements, and how you can use it to buy and improve your ...