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Haystax Mortgage News

Category: Mortgages (10 posts)

Reverse Mortgages – Impact on Heirs

Reverse Mortgages – Impact on Heirs

September 2, 2020 | Posted by: Haystax Mortgage

How do Reverse Mortgages Affect Canadian Heirs? For Canadian seniors, there is a great way to get the most out of the equity in their homes. Home prices tend to rise, and equity builds in the prope ...

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When Is Mortgage Refinancing a Bad Idea?

When Is Mortgage Refinancing a Bad Idea?

June 3, 2020 | Posted by: Haystax Mortgage

Property owners refinance their homes and commercial properties all the time. As your credit improves and you have built more equity into the property, it may make fiscal sense to refinance when inter ...

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5 Smart Ways to Use a Home Equity Line of Credit

5 Smart Ways to Use a Home Equity Line of Credit

April 15, 2020 | Posted by: Haystax Mortgage

For homeowners across the globe, home equity lines of credit (HELOCs) have become a handy way of tapping into the value of their homes. However, when borrowing money against your home, it is always a ...

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What should you consider when refinancing your mortgage?

What should you consider when refinancing your mortgage?

April 1, 2020 | Posted by: Haystax Mortgage

Mortgage rates are at a historic low. If you're thinking about refinancing your mortgage, you could possibly save significant amounts of money over the years. Especially in the first years of owning y ...

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Should You Pay Off Your Mortgage Early?

Should You Pay Off Your Mortgage Early?

February 19, 2020 | Posted by: Haystax Mortgage

It's a dream to be able to pay off your mortgage early, but is there a downside?  While it sounds like a great idea, there are some factors to consider before doing so.  This article will ex ...

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What is the Difference Between a Home Equity Loan and Refinancing

What is the Difference Between a Home Equity Loan and Refinancing

January 17, 2020 | Posted by: Haystax Mortgage

Though most people believe that their home is a great place to live, others see the value in owning a home. It can be a great investment. However, if you are strapped for cash, it can be a source of ...

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Mortgage Term Matters

Mortgage Term Matters

June 4, 2019 | Posted by: Haystax Mortgage

Recently the Governor of the Bank of Canada, Stephen Poloz, put out a statement indicating that he thought mortgage lenders need to offer a broader range of products. There was a particular focus on ...

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The Power of Three

The Power of Three

January 17, 2019 | Posted by: Haystax Mortgage

As consumers we often do our best to investigate our options before we make a purchase. We window shop, do online research, and we ask for the opinions of friends, colleagues and often will seek the ...

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Refinance Your Mortgage Today!

Refinance Your Mortgage Today!

January 5, 2019 | Posted by: Haystax Mortgage

Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more.  If you bought your home more than a few years ago, you could probably benefit from a ref ...

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Should You Spend the Full Mortgage Amount You're Approved For?

Should You Spend the Full Mortgage Amount You're Approved For?

December 17, 2018 | Posted by: Haystax Mortgage

Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ...

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