Blog

Rate Hikes Incoming

If you’ve read the news lately, you’ve probably heard quite a bit about rising interest rates. Let’s take a closer look at where rates are going, how rates normally increase and what impact they have on variable rate mortgages. Where are rates going If you’re in the market for a fixed rate mortgage, fixed mortgage rates have been heading up like a rocket over the last couple of months. This is due to the sharp rise in Government of Canada bond yields. (Mortgage lenders price their fixed rate mortgages based on bond yields.) This has led to something we haven’t…

Should You Choose A Fixed Or Variable Mortgage Rate Today

When considering mortgages, it doesn’t take long before the entire process gets confusing, stressful, and exhausting. However, we don’t believe it should be this way which is why we are trying to make the industry more accessible. By providing you and many others with genuinely useful information, you will be in a better position to make good decisions before then passing knowledge on to friends and families. Today, we are addressing one of the biggest questions of them all; fixed or variable rate? Fixed Rate Mortgage Firstly, we have fixed rate and this means you will benefit from a short-term…

How To Apply For A Mortgage After
Bankruptcy

If you’ve been through the process of bankruptcy, you will know just how damaging it can be for your finances, credit score, and even your confidence within the market. However, damaging the experience is though, there is always a way out and we will try to provide some hope for you today. At Turkin Mortgages, we regularly see people who have experienced bankruptcy and we tell them the following when attempting to get a mortgage. Don’t Panic First and foremost, lenders are now more understanding than ever and this is partially due to the global crisis from which we are…

Difference Between A Mortgage Broker And A Lender

As you may know, we at Turkin Mortgages are on a mission to make the mortgage industry more accessible than ever before. Over the years, we have seen just how confused some people become at the sheer amount of options and the terminology used so we are trying to reduce the barriers that currently exist. Today, we have a guide for you discussing the differences between a mortgage lender and a mortgage broker. In recent times, these two terms have been used interchangeably but this shouldn’t be the case and here’s why! Mortgage Lender For a body to be considered…