When securing a mortgage, most homeowners focus on interest rates and payment terms. However, how your mortgage is registered on the title of your home can have long-term financial implications. At Canadian Mortgage Professionals, we believe informed homeowners make better financial decisions. Let’s break down the key differences between Standard and Collateral Mortgage Charges and…
✨ We’re Hiring! ✨ Canadian Mortgage Professionals is growing, and we want YOU to be part of our success story! We’re on the lookout for an experienced Mortgage Underwriter/Fulfillment Specialist to join our high-performing, cohesive team. If you thrive in a fast-paced, client-focused environment and value teamwork, we want to hear from you! Why Join Us? Award-Winning Brokerage: Named Top Choice…
Purchasing a home is one of the most significant investments you’ll make in your lifetime. While the process can be exhilarating, it’s crucial to fully understand what you’re buying. A home inspection plays a critical role in safeguarding your investment. Though skipping it might seem like a way to save time and money, doing so…
If you’re starting your journey toward homeownership, you’ve likely come across the terms pre-qualified and pre-approved. While they might sound similar, they serve different purposes in the mortgage process and can make or break your path to buying your dream home. Let’s break it down for you. What is Pre-Qualification? Think of pre-qualification as the…
With the rising cost of living and inflation affecting households across Canada, many homeowners are finding it harder to stay on top of their mortgage payments. Essential expenses like groceries, utilities, and transportation now consume a larger share of monthly budgets, leaving less room for financial flexibility. This economic pressure has made missed mortgage payments…
Key Trends for Canadian Homeowners The latest trends in Canada’s residential mortgage market reveal shifts in borrowing patterns, rising delinquency rates, and a cautious approach from traditional and alternative lenders alike. Whether you’re a homeowner, or a prospective buyer, understanding these trends can guide smarter financial decisions. Interest Rates and Borrowing Preferences in Canada 2024…
The days of ultra-low interest rates are behind us, and renewing your mortgage in this environment can feel overwhelming. But don’t worry — there are options to help you navigate the process and secure the best rate. Rates Are Coming Down, But… While mortgage rates are finally easing — including variable rates linked to Bank…
As a homeowner, one of the most significant financial milestones you’ll encounter is the renewal of your mortgage. With a staggering $251 billion of mortgages set to renew in 2024 and an even larger $352 billion in 2025, it’s crucial to be prepared. According to the Bank of Canada, “virtually all” remaining mortgages will go…
In today’s diverse world, inclusivity and acceptance are more important than ever. At Canadian Mortgage Professionals, we are proud to be an LGBTQ+ friendly mortgage brokerage in Calgary, dedicated to providing exceptional service to everyone, regardless of their background or identity. We believe that everyone deserves to feel welcomed and supported when making significant financial…
Demystifying Halal Mortgages: Understanding Options and Challenges. In a diverse and multicultural society like Canada, it’s essential to accommodate the financial needs of various communities, including those who adhere to Islamic principles. One such financial product tailored to meet the requirements of Muslim Canadians is the halal mortgage. These mortgages aim to align with Shariah…