Mortgage Basics Archives

Overview of Assumable Mortgages Understanding Assumable Mortgages Assumable mortgages represent a unique and effective approach to transferring property ownership in Canada. An assumable mortgage allows a buyer to “assume” the seller’s existing mortgage under its current terms rather than applying for a new one. When assumable mortgages Canada are under consideration, it’s crucial to understand […]

Unlocking Homeownership: The Essential Guide to Mortgage Insurance

Understanding Mortgage Insurance What is Mortgage Insurance? As a mortgage broker, I’m often asked, “what is mortgage insurance?” and “why is it essential?”. Mortgage insurance is a type of insurance policy designed to protect the lender if you, as the borrower, default on your loan payments. In essence, insurance for mortgage loans is a security […]

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elvira@betterrates.ca
Elvira Kurmisheva, Mortgage Broker, BEC, MBI
Dominion Lending Centres First Pacific Mortgage
Registered Office: 2681 Kingsway Avenue Vancouver, BC V5R 5H4, Canada

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*If you find a lower rate on a similar** fixed rate mortgage, we’ll beat it or pay you $500 cash when you complete your mortgage with us. The rates are subject to change without notice. Not all applicants are eligible for the rates shown. Rate you receive may be different, depending upon your personal financial situation. Posted rates may be high ratio and/or quick close which can differ from conventional rates. Certain conditions and restrictions may apply. Rates may vary from Province to Province. Rates subject to change without notice. OAC. E&OE **A similar mortgage must be for the same property, term, and loan amount with the same or lower closing costs.

Category: Mortgage Basics

Unlocking Financial Flexibility with Assumable Mortgages and Mortgage Porting in Canada

Unlocking Homeownership: The Essential Guide to Mortgage Insurance