The latest from the team at Patching Mortgage
Common Mortgage Types and Terms Explained
When considering a mortgage, it’s helpful to understand the basic structures and terminology used by lenders in Canada. Below is a factual overview of common
A Simple First-Time Home Buyer’s Guide
As a mortgage broker, my goal is to make sure my clients are as prepared as possible before they start the home-buying process. Buying your
What First-Time Home Buyers Should Expect When Purchasing a Home
The following is based on a conversation from 2013 with local real estate expert Kendall Ayres. The content has been revised and updated to ensure
What Is a Monoline Lender — and Why Mortgage Brokers Use Them
When people think about getting a mortgage, they often assume their only options are the big banks. In reality, many Canadian mortgages are funded by
All About Down Payment Verification
Before you read anything else… a quick (very important) reminder: Please do not move large sums of money around. Let’s all say it together: please
Why Mortgage Disability Insurance is Something You Should Actually Think About
When you buy a home, everyone obsesses over the rate. “Is it 4.89% or 4.79%?” “Should we go fixed or variable?” “Can we save $47
Fixed vs Variable During a Trade War
When countries start throwing around tariffs — basically extra taxes on stuff coming into the country — things get chaotic fast. Right now, the U.S.
What Every Canadian Needs to Know About Fixed-Rate Mortgage Penalties
Most people don’t think about mortgage penalties when they sign their mortgage. Honestly, who reads the fine print? But those tiny words can cost you thousands
What’s Really Hiding in Your Mortgage Fine Print
Every year, new “discount mortgage websites” pop up promising the lowest rates ever!! It sounds great… until you learn what you gave up to get that
Thinking About Switching From a Variable Rate to a Fixed Rate? Here’s Exactly How to Do It
When interest rates feel unpredictable, many homeowners start wondering if they should switch from a variable-rate mortgage to a fixed-rate mortgage. A fixed rate gives you payment stability.
Make Your Mortgage Interest Tax-Deductible (Easy Steps)
What it is: You use a re-advanceable mortgage (mortgage + HELOC). As you pay down your mortgage, you reborrow the paid-down principal on the HELOC and invest it. Because
Private Financing: Your Smart Short-Term Mortgage Solution
Sometimes the banks just don’t get it. Maybe your income doesn’t look “traditional” on paper. Maybe you have multiple rental properties and the banks have hit their