6 mistakes to avoid when renewing your mortgage

6 mistakes to avoid when renewing your mortgage A mortgage can last up to 20 years or more, but is repaid according to a renewable term that you set jointly with your lender. At the end of a mortgage term, which can range from a few months to 5 years or more, you either pay […]

What you need to know about fixed and variable mortgage rates

Fixed rate or variable rate: the best for your mortgage​ You’ve finally decided to take out a mortgage to buy your property. However, you’re faced with a thorny dilemma: fixed or variable rate? In our article, we’ll explain what you need to know about each of these options. So you can decide which is best […]

When to renegotiate your mortgage?

If you have a mortgage, it’s a good idea to renew it at the right time. This allows you to renegotiate the interest rate and benefit from more attractive conditions for the repayment of your loan. However, there are a few important things you should know before renewing your mortgage. Find out more about mortgage […]

What If Your Mortgage Is Denied?

As with any bank loan application, a mortgage application may be followed by an unfavorable outcome. In this case, it is customary to speak of a mortgage refusal. In the case of a refused loan, the lender is obliged to send you a written document stating that your application has been rejected. Despite the fact […]

insurance

What is CMHC mortgage insurance?

A mortgage loan provides you with the money you need to buy your home. Depending on the amount of money you have available for the purchase, you may be required to take out mortgage default insurance. The Canada Mortgage and Housing Corporation CMHC is the main institution that can offer you this insurance. Find out […]

15 tips to save on your mortgage

15 tips to save on your mortgage

Having a large sum of money at your disposal is necessary to buy a property. One solution is to take out a mortgage loan. However, the repayment of this loan can generate important expenses in the long term. Fortunately, there are ways to reduce costs and save on your mortgage fees. 1. Store your mortgage […]

Before you start shopping around for a mortgage

Before you start shopping around for a mortgage, you should order a copy of your credit report to make sure it does not contain any errors. A credit report is a snapshot of your financial history at a specific point in time.A potential lender will look at a copy of your report before approving you […]

Why should you work with a broker?

Because we believe we can offer you the best solution for your situation. At Multi-prêts Hypothèques MR, we value the quality of the relationships we have built with our clients over the past twenty years. We are your mortgage advisors for life. For a complete and professional evaluation suited to your needs. Our mortgage advisors are always […]

Your mortgage is coming due?

At the end of your mortgage, do not accept the proposal of your current lender, in a large majority of cases it is not the best offer. So, what to do?First, act quickly, at least four months before the due date. Generally, your lender will offer you to renew your loan 30 days before its […]

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