blog Archives - Find a Better Mortgage

Find a Better Mortgage Acquires Domain Spear Mortgage .ca

FABM is proud to announce the acquisition of the domain spearmortgage.ca. Spear Mortgage was a top private mortgage lender based out of Oakville Ontario and their former domain is a perfect addition to our roster of web properties. “The acquisition of spearmortgage.ca is a great opportunity for FABM [findabettermortgage.ca] to expand its reach and better…

How to Get a Mortgage Quote

Having a mortgage is likely one of the most significant and longest financial commitments that you will make in your lifetime. For many, especially first-timers, it can be costly to do so and also can be a nerve-wracking process. However, one of the key things which you can do, is to start by getting a…

3 Key Benefits Of Having A Mortgage Planner

When you start your journey to owning your new home and property, part of this journey may be to seek a financial loan in the form of your mortgage. A mortgage is a substantial financial commitment and in most instances a very long term commitment. The same way that there are personal shoppers and key…

Open vs Closed Mortgages

What is an open mortgage? An open mortgage is a type of loan that allows you the flexibility to make payments in excess of whatever your minimum required payments are. Once you’ve fulfilled your minimum payment obligation, it lets you pay on the principal amount at any point in time, and without a penalty. This…

Why Choose A Mortgage Broker Vs A Bank?

Choosing a mortgage can be daunting. You’ll quickly come up against the crucial question of whether you should get a mortgage from your bank, or a mortgage broker. We’ll look into a few details below to help you make the right choice for your situation. Before you know it, you can quickly end up being…

Variable vs Fixed Mortgages – What’s the Difference?

The decision on whether to go for a fixed mortgage offer or a variable rate mortgage isn’t always an easy one. It is vital that you understand the pros and cons of these rate types before committing, as the impact on your finances can be significant. What Is A Fixed Mortgage? Also known as a…

How do Mortgage Brokers Make Money?

Mortgage brokers do a lot of heavy lifting when it comes to calculations, filling in approval request forms and finding the best rates. They can’t work for free however so today we ask – How do they really make money? Commission A broker who is also an independent provider will have access to a few…

What Are Closing Costs?

Closing costs are a vital part of the home buying process and include all the expenses to complete the acquisition of a property. Of course, these costs will vary depending on your location as well as your own unique situation. In general, closing costs can go from 3 – 6% of the overall price of the…

What’s A Home Equity Line of Credit?

A home equity line of credit is essentially a loan that’s given where the equity in your home is used as collateral. The homeowner is given a total amount they are able to lend via the line of credit, and can withdraw money from it as needed. The credit is repaid based on the agreed…

How Mortgage Rates Are Determined

There are a variety of factors that go into how mortgage rates are determined. A mortgage is a loan that may be used to buy property, construct or buy a building, consolidate debt, or make a large purchase. A mortgage rate is the amount of interest you pay for borrowing money for an extended amount…