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Mortgage Information Tecumseh, Leamington, Windsor & Essex County
At Indi Mortgage we know how complex and confusing the process for attaining a loan can be. It can also be difficult to understand what type of loan you need, and whether or not a second mortgage is a good idea. On this blog we provide resources that will help you understand the different types of mortgages, rates, and reasons to get mortgages. If you have any questions or would like to schedule a consultation, please contact us.
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
Essential Tips for First-Time Home Buyers
Buying a new home, especially for the first time, can be both an exciting and a challenging experience. Most often, a home is the biggest
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
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
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
Common Mortgage Mistakes to Avoid
The process of applying for and securing a mortgage can be confusing for many. It’s not something people do everyday and, simply put, there are
5 Tips to Renewing Your Mortgage
When a lender grants a mortgage for a home to a borrower (the “mortgagee”), a formal contract is signed, setting out the terms and conditions
Should You Pay Your Mortgage Off Early?
Almost everyone who buys a home needs a mortgage loan to do so.
The thought of…
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Answering All Your Questions About Reverse Mortgages
Despite their best intentions, people often don’t have enough money saved in retirement. They were busy raising families, and let’s face it, life is expensive,
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
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
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.
All You Need to Know About Mortgage Prepayment Penalties
Surprisingly, many mortgage loans have prepayment penalties that restrict your flexibility and even drain your bank account merely for trying to manage your money correctly.
First-time Home Buyer Incentive 101
Buying your first house is a significant milestone in a person’s life. Unfortunately, it can be a somewhat intimidating application process that hedges on whether
Mortgage Approval in 2022: Credit Score Requirements
Depending on the lender, a credit score of between 620 and 680 would be the minimum viable requirement in order for you to be approved
Five Most Important Questions to Ask About Your Mortgage
If you are ready to buy a home, one of the most important things you will need to do is secure a mortgage. With so