Mortgage Blog

April 8, 2024 | Posted by: Devon Jones

The BOC increased interest rates from .25% to 5% between March 2022 and July 2023 to curb inflation, which peaked at 8.1% in June 2022. Despite the BOC's aggressive streak of rate hikes, which caused mortgage rates and other borrowing ...

March 21, 2024 | Posted by: Timothy Noor

What is a First Home Savings Account (FHSA) A First Home Savings Account(FHSA) is a savings account from the federal government. It allows individuals to save money for their first home purchase, providing tax benefits and other incentives to help them afford a home. ...

March 7, 2024 | Posted by: Timothy Noor

Embarking on the journey of homeownership as a self-employed individual comes with its own set of challenges. From navigating income documentation requirements to understanding lender criteria, there's much to consider. We'll delve into key insights and tips to help self-employed ...

February 16, 2024 | Posted by: Devon Jones

In this article, Sunlite Mortgage will guide you through the essential things every first-time home buyer should know before making a significant home-buying decision. From understanding your budget and mortgage options to navigating the real estate market and negotiating the best ...

February 1, 2024 | Posted by: Timothy Noor

Managing and paying down high-interest debt, such as credit cards and personal loans, can pose significant challenges. The high-interest rates make it extremely difficult to address not only the principal amount but even the interest portion of the debt. However, ...

March 11, 2023 | Posted by: Devon Jones

Taking out a second mortgage can be beneficial for many homeowners, as it can provide them with extra financial flexibility and allow them to increase their equity in the home faster. In this guide, we'll discuss the advantages of taking ...