High ratio mortgage?

When you purchase a home with less than 20% down payment it is called a high ratio mortgage. The “high-ratio” part refers to the ratio of the loan to the purchase price, also known as loan-to-value. If there is less than 20% down payment on a purchase, an insurance premium…

Mortgage and Divorce

If you are in the middle of getting a divorce action, you may be wondering what you have to do with your current mortgage. To help alleviate some stress, your local Sherwood Park and Edmonton mortgage broker has listed a few helpful options on ways to deal with your mortgage…