About lender’s mortgage insurance

About lender’s mortgage insurance

When you borrow more than 80% of the property value, the lender will seek mortgage insurance to protect the lender from losses. Mortgage insurance provides coverage to the lender rather than the borrower, should you not be able to repay your loan. It is a one-off...
Should I buy a smaller home?

Should I buy a smaller home?

Advice The shift to a smaller home often coincides with pre-retirement or retirement. If this is your scenario, investigate your options with a Yellow Brick Road Financial Planner before committing to a plan. The equity in your family home is tax-exempt when you sell...
Your mortgage: fixed, variable or both?

Your mortgage: fixed, variable or both?

When it comes to choosing a home loan, one of the big decisions to make is what type of interest rate best fits your needs. Most lenders offer fixed rates, variable rates or a combination of both – sometimes called a split rate. There are risks and benefits to...