Mortgage renewals often come and go without much thought — but they’re an important opportunity to reassess your financial goals and secure a better deal. Here’s what to keep in mind when your mortgage renewal is approaching: Start Early: Lenders usually send renewal offers a few months before your term ends. Don’t automatically sign —…
The housing market in Newfoundland & Labrador remains steady this coming winter, showing more resilience than many other provinces. In early 2025, home sales surged by nearly 29% compared to last year, and while new listings have gradually increased, inventory remains tight — especially in St. John’s, where available homes are well below long-term averages. On the construction side, housing starts are up by almost…
If you’re buying a new home before selling your current one, you might run into a timing gap. That’s where a bridging loan comes in—a short-term financing option that helps you “bridge” the gap between buying and selling. What Is a Bridging Loan? A bridging loan is a temporary loan that gives you access to funds while you’re waiting for your current…
When interest rates are shifting, choosing between a fixed and variable mortgage can feel overwhelming — especially if you’re new to mortgages. Here’s a simple guide to help you decide what might work best in 2025. What’s the difference? Fixed-rate mortgage: Your interest rate stays the same for the term you choose (e.g. 1–5 years), so your payments remain predictable. Variable-rate mortgage: Your rate is tied…