Who sets Mortgage rates? How do we know when they will change? Let's break down this question in order to have a better understanding of mortgage rates, why they fluctuate and how we can use this knowledge to potentially save ourselves money on our mortgages.

In decades past, the only way to acquire a mortgage was to go through a bank. However nowadays, it's extremely common to utilize the expertise of a mortgage broker – in fact, the Canadian Mortgage and Housing Corporation (CMHC) reports that in 2019, one third of all home buyers received recommendations to use a mortgage broker. But which option is genuinely better for prospective buyers, and why?

If you're about to embark on the path of homeownership for the first time, you will need to familiarize yourself with mortgages and how they work. A mortgage can seem intimidating and overwhelming, but you will be ready to tackle the mortgage process with a bit of homework and the right enthusiastic professionals by your side.

There’s a common misconception among some homebuyers that if you’ve got a pre-approval, your mortgage is basically guaranteed. This isn’t the case. Still, you need to know why a pre-approval is important.

Whether you’re a prospective homebuyer or an existing homeowner already paying down a mortgage, ensuring your finances are in good order is crucial for your overall financial health.