Team Zanet - Mortgage Brokers Serving Windsor and Essex County

Category: Mortgage

The Impacts of Rising Interest Rates on Mortgage Holders

People are keeping a close eye on the cost of living in Canada, especially with rising interest rates impacting mortgage affordability. Understandably, they are concerned about their financial well-being after several Bank of Canada interest rate hikes and the cost of inflation cutting into already delicate budgets. This informative guide deep dives into how fluctuating […]

Why Banks Turn Down Loans

If you’re hoping to get a loan, you might be worried about having your application rejected. Or you might have already been turned down by a bank and you’re not quite sure why. When you’re applying for a loan, it’s a good idea to understand why banks turn down loans so you can do you’re […]

The Basics of Getting a Second Mortgage

A common question we hear often is “how does a second mortgage work?” and these questions are usually followed by requests for more specific details. A second mortgage is similar to the first mortgage you took out to buy your home. However, a second mortgage is taken from the equity on your home. What is […]

Will Mortgage Rates Go Up in 2022?

The housing market of 2022 can be closely related to the state of the market in 2021. Speculations predict that although the housing market will experience weaker competition, the overall market is still expected to be volatile. This will impact the mortgage rates in 2022, and homebuyers might face a significant spike in expenses.    […]

Homebuyers Make These Common Mistakes During the Mortgage Process

Purchasing a home is an exciting decision – one of the largest of your life most will agree. It can bring a new community for your children to grow up in, even a change of careers; the opportunities are endless. But before you get wrapped up in anticipation of this milestone, you need to ensure […]

The Advantages of Working With a Mortgage Broker

Mortgage brokers simplify the difficult task of securing a mortgage loan. They work as middlemen between borrowers and banks to help the former discover the best financing opportunities.  In other words, they do all the heavy lifting. For example, a mortgage broker handles most of the loan procurement process, from in-depth market research to communicating […]

Answering Common Questions About Private Mortgages

Canadians who have difficulties qualifying for a bank mortgage have an option of turning to private lenders. Meanwhile, not all mortgage seekers are aware of how private mortgages differ from traditional mortgage loans and are not sure what to expect when speaking to the private lender or the mortgage broker. Indeed, given the new CMHC […]

What’s the Difference Between Fixed and Variable Rate Mortgages?

Fully understanding the differences between the various types of mortgages available to you can be a daunting challenge. The two main types of mortgages you should be aware of are fixed and variable rate mortgages. In this blog, we will explain the differences between these two types of mortgages and review mortgage rates in general. […]

Everything You Need to Know About Commercial Mortgages

As a business owner, you have to be on top of many things. Hence, the last thing you need is to worry about the rising costs of renting your commercial property. Unfortunately, we see it all the time: busy professionals like yourself are growing their business and have no idea how to contend with the […]

Is Getting A Second Mortgage a Good Idea?

One of the most underrated benefits of investing in your own home is the possibility of using it as collateral for a second mortgage at a time of great financial need. In this article, we’ll discuss how you can mortgage your home for the second time and why doing so might be a good idea. […]

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