Mortgage Archives - Lendramp.com Lowest Mortgage Rates in Canada

Wealth Simple Mortgages Expert Review

Table of Contents 21 Reasons Why You Should Not Get a Mortgage in Canada Through Wealthsimple. Reason #1: Limited mortgage options. Wealthsimple currently offers limited mortgage products, which might not meet every buyer’s needs, especially for those with unique financial situations. Reason #2: No in-person support. If you’re someone who prefers face-to-face interactions for significant financial decisions, Wealthsimple’s online model may feel too impersonal.Reason #3: Limited...

How To Get A Mortgage In Canada If You Have Bad Credit?

Sean Rampersaud

Table of Contents How To Get a Mortgage If You have bad credit? What is considered bad credit? Bad credit is considered anywhere from 300-640 Can you get a mortgage if you have bad credit? Yes you can and I will be sharing exactly how to do this in this video. If you do hhave bad cred, please make sure you contact...

Canadian Mortgage Rules 2024

Sean Rampersaud

Table of Contents Understanding Canadian Mortgage Rules: A Comprehensive Overview Navigating the world of mortgages can be daunting, especially with the myriad rules and regulations that vary by country. In Canada, mortgage rules are designed to ensure both lender and borrower are protected, while also contributing to the overall stability of the housing market. This article provides a detailed overview of...

Understanding Fixed Rate Mortgages

Sean Rampersaud

Table of Contents Understanding Fixed Rate Mortgages: A Comprehensive Guide Fixed rate mortgages are among the most common types of home loans, prized for their predictability and stability. This comprehensive guide delves into the fundamentals of fixed rate mortgages, their advantages and disadvantages, the factors influencing interest rates, and how they compare with other mortgage types. By the end of...

Understanding Variable Rate Mortgages

Sean Rampersaud

Table of Contents Understanding Variable Rate Mortgages: A Comprehensive Guide In the world of home financing, choosing the right mortgage is pivotal for managing long-term financial health. Among the various options available, variable rate mortgages (VRMs) are a popular choice due to their potential for lower initial costs. However, they come with complexities that can make them challenging for many...

FHSA-First Home Savings Account | Pros and Cons For First Timers

Sean Rampersaud

Table of Contents What is the First Home Savings Account (FHSA)? The First Home Savings Account (FHSA) is a registered plan designed to assist first-time homebuyers in Canada. Here are the key points: Purpose: The FHSA allows you to save for your first home tax-free, up to certain limits. Eligibility: To open an FHSA, you must be a first-time homebuyer. Contributions: You...

TD Canada Trust Mortgages | The Ultimate Guide

Sean Rampersaud

Table of Contents Navigating the Mortgage Maze A Comprehensive Guide to TD Bank’s Home Loan Options Welcome to the world of home financing, where the journey to your dream home begins with choosing the right mortgage. TD Bank, a stalwart in the financial landscape, offers a plethora of mortgage options designed to cater to a diverse clientele. Whether you’re a first-time...

Draw Mortgage And Construction Mortgage Guide

Sean Rampersaud

Table of Contents Draw & Construction Mortgage Guide What is a draw mortgage? A draw mortgage, also known as a construction mortgage is a mortgage type used to finance the construction of a property. It allows for a home builder to draw on funds as needed to complete the build. Normally in a draw mortgage, a builder will need to submit...

What Is A Bridge Loan? Mortgage Tips For Interim Financing

Sean Rampersaud

Table of Contents What is Bridge loan financing? Who Needs a bridge loan? What is bridge financing? A bridge loan is a sum of money lent by a bank to cover an interval between two transactions. Typically the buying of one house when selling another. In simple terms Bridge loans are used when you have a firm sale on a current...

How To Get A Lower Mortgage Rate? Real Estate Financing Secrets

Sean Rampersaud

Table of Contents How to get a lower mortgage interest rate? Step 1 Contact a high volume mortgage broker, not a bank. Reason for contacting a broker is that we pull your credit only once and then shop around for rates for you. The high volume mortgage brokers get discount from the banks on rates. I am a high volume...