Saving for a down payment is a huge accomplishment — but before you make an offer, it’s important to factor in closing costs  so there are no surprises at the finish line. A good rule of thumb is to budget 1.5–2% of your purchase price  for closing costs, regardless of how much your home costs. These fees cover everything involved in legally transferring ownership and finalizing your mortgage. Here’s what that typically includes in Newfoundland: 1. Legal Fees & Disbursements

Not all help is equal. When you’re struggling with debt, it can be hard to know which path will help you move forward fastest. In Canada, the two most common options people consider are bankruptcy  and a credit proposal  — but they’re not created equal, especially if you plan to qualify for a mortgage in the future.. Let’s break it down. Bankruptcy  typically lasts around 10 months . During that time, you’ll make minimal payments to your trustee, and once it’s discharged, you

More Canadians are entering retirement with a mortgage—and it’s not necessarily a bad thing. Rising home prices, financial support for...

Building homes in Newfoundland and Labrador often feels like rowing upstream—material costs are high, trades are stretched thin. One...

A new report from Deloitte suggests that Canada might fall into a mild recession by the middle of 2025. That word— recession —can sound...

It’s one of the first questions I get asked: “What’s your best rate?” I get it — with rates plastered all over bank ads and online...

If you're renting in Newfoundland and dreaming about homeownership, you might be closer than you think. Between national programs,...

Across Canada—and right here in Newfoundland—renting is no longer just a stepping stone to homeownership. Between 2016 and 2021, nearly...

Exploring Current and Proposed GST Rebates for New Homes: Insights by The Mortgage Missus Inc. Buying a newly built home in Newfoundland...

When someone asks, “Who’s the best mortgage broker?”, the better question to ask is: 👉 “Who’s the best mortgage broker for me ?” The...

On March 12, 2025, the Bank of Canada reduced its benchmark interest rate by 0.25%, bringing it down to 2.75%. This decision has led many...

The recent imposition of 25% tariffs by the U.S. on Canadian imports, effective February 4, 2025, has significant implications for...

Selling your home and purchasing another is a major life event that requires careful planning and strategic decision-making. Here are the...

Key Economic Data: Durable Goods : These are big items like cars and appliances that last a long time. GDP : Gross Domestic Product,...

When shopping for a mortgage, many people focus solely on finding the lowest interest rate. While the rate is important, it's not the...

Variable-Rate Mortgages and Fixed-Rate Mortgages Variable-Rate Mortgages: These mortgages change whenever the Bank of Canada changes its...

In the Canadian mortgage landscape, front-line employees—such as healthcare workers, firefighters, police officers, and educators—are...

Banks that expect customers to fetch lower mortgage rate offers from competitors at renewal time are missing a crucial aspect of customer...

Non-residents looking to purchase a home in Canada with mortgage financing can do so, but there are some additional considerations and...

If you're 50 or older, it's not too late to buy a home. Here are a few reasons why: Financial Stability: By 50, you're likely more...