Debt Consolidation
Like most of us, you probably have a car payment, some credit cards, retails cards, and maybe some personal loans. The month to month cost of all these debts combined can make it very difficult to get ahead, as all you end up doing is paying the interest or “minimum balances” of the loans. Combining […]
Purchase Plus Improvements
(Renovation Mortgages) If you have your eye on a fixer-upper, or are thinking about building your dream home, financing your endeavours may be easier than you think. “Renovation Mortgages” give homeowners the ability to renovate a newly-purchased or refinanced home and roll the cost of the improvements into the balance of the mortgage. This allows […]
Self Employed Loans
Today more and more Canadians are opting to work for themselves or go on contract with their existing companies rather than receive a salary. There are certainly some advantages to being business-for-self. Perhaps the greatest being the ability to write-off many personal expenses and ultimately pay less income tax. The downside to this is showing […]
Home Equity Loans
A home equity loan is a type of mortgage where you use the equity in your home as security for a loan. Equity is the difference between the value of your property and the amount you owe on the property. Property Value – Amount of Mortgage = Equity A home equity loan often requires no […]
Mortgage Refinancing
There are many reasons you may decide to refinance your property. Perhaps you want to take advantage of lower interest rates, make some investments, buy a second property or start a business. Whatever the reason, borrowing against your home is an excellent way to access money as mortgage interest rates are significantly lower than conventional […]
Mortgage Renewals
Shop around at renewal time When the term on your mortgage expires it is time to renew your mortgage. At this time you will be able to re-negotiate your interest rate based on current market conditions. The bank or financial institution you are currently with will likely offer you a renewal. DON’T TAKE THE FIRST […]
Finding the Right Solution Matters
Canada’s mortgage environment has changed a lot in the last decade. It will, no doubt continue to change. At Axiom Mortgage Solutions we understand the Canadian mortgage market and stay on top of the ongoing changes to government guidelines and policies. Our commitment to continued education means we have the expertise to guide you through […]