Mortgage Blog
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Category: Financing (47 posts)
Understanding Mortgage Penalties
May 6, 2025 | Posted by: Kiruban Kana
Many homeowners—especially those without a mortgage broker—don’t fully understand mortgage penalties. And I get it! Financing a home can be overwhelming. But ...
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Variable-Rate Mortgages: What You Should Know
April 1, 2025 | Posted by: Kiruban Kana
Shakespeare might have thought ‘to be or not to be’ was the ultimate question, but he wasn’t living in 2025 trying to minimize bank fees and interest charges while maximizing financi ...
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5 Steps to Improve Your Financial Health
January 6, 2025 | Posted by: Kiruban Kana
Improving your financial health is essential for long-term stability and peace of mind. STEP 1: This starts with creating a budget and sticking to it. Begin by tracking your income and all expenses f ...
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Understanding Capital Gains in Canada
November 11, 2024 | Posted by: Kiruban Kana
What Are Capital Gains? Capital gains refer to the profit you earn when you sell a capital asset-such as property or investments-for more than its original purchase price. For example, if you bough ...
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Refinancing Your Mortgage
November 6, 2024 | Posted by: Kiruban Kana
Refinancing your mortgage can be a smart financial move for many reasons, and as your trusted mortgage advisor, I’ve seen how much it can benefit homeowners! Ideally, refinancing is done at the ...
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7 Financial Tips for People Looking to Buy an Investment Property in Canada
July 19, 2024 | Posted by: Kiruban Kana
Investing in real estate can be a powerful way to build wealth, but it's essential to approach it with a well-thought-out strategy. Here are seven financial tips to help you purchase an investment pro ...
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Looking to build a laneway home or garden suite? We can help with the financing options.
July 11, 2024 | Posted by: Kiruban Kana
New Potential with Secondary Suite Financing! Transform your property with the potential to add significant value and create additional income. Whether you're looking to build a laneway home or garde ...
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Can I Still Qualify for a Mortgage If My Reported Income Is Really Low? YES!
July 6, 2024 | Posted by: Kiruban Kana
Can I Still Qualify for a Mortgage If My Reported Income Is Really Low? YES! Mortgages for the Self-Employed: A Comprehensive Guide Approximately 15% of Canadians are self-employed, making this an i ...
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Tips for Improving Your Credit Score Before Applying for a Mortgage
November 6, 2023 | Posted by: Kiruban Kana
Tips for Improving Your Credit Score Before Applying for a Mortgage For many people, buying a home is a significant milestone in their lives. However, getting approved for a mortgage isn't always a s ...
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Mastering Cash Flow: Thriving in a Rising Interest Rate Market
October 8, 2023 | Posted by: Kiruban Kana
When interest rates rise and you're looking to increase cash flow for your rental property, there are several strategies you can employ. Additionally, CoffeeandMortgage.ca, as a multiple rental and se ...
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Navigating Financial Stress: Solutions and Support from Coffeeandmortgage.ca
October 4, 2023 | Posted by: Kiruban Kana
As the financial stress on Canadians intensifies with factors like inflation, rising interest rates, and the cost of living, it's crucial to seek proactive solutions. The survey by the National Payrol ...
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Dreaming of a Home Renovation? Refinancing May Be Your Solution!
August 25, 2023 | Posted by: Kiruban Kana
Dreaming of a Home Renovation? Refinancing May Be Your Solution! If you've been envisioning a fresh new look for your space but wondering how to make it a reality, let's talk about th ...
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Emergency Loans for Home Owners!
August 25, 2023 | Posted by: Kiruban Kana
Introducing CoffeeandMortgage.ca - Your Trusted Mortgage Experts for Over 20+ Years! Life can be unpredictable, but with CoffeeandMortgage.ca by your side, you'll never have to worry abou ...
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Unleashing Financial Freedom: How CoffeeandMortgage.ca Transformed Lives and Added $24,000/yr to their cash flow!
August 25, 2023 | Posted by: Kiruban Kana
Dear Ontario Homeowners, I am thrilled to share a heartwarming success story that truly embodies what CoffeeandMortgage.ca stands for – empowering financial freedom and transforming lives ...
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Coffee and Mortgage: Embracing Quiet Luxury in Financial Services for Self-Employed Professionals ☕
July 29, 2023 | Posted by: Kiruban Kana
Coffee and Mortgage: Embracing Quiet Luxury in Financial Services for Self-Employed Professionals ☕✨picture credit: https://www.campaignasia.com/ The King of 'stealth wealth': Jeremy Strong a ...
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New Medical Professionals Program: qualify based on the use of future income.
July 17, 2023 | Posted by: Kiruban Kana
☕️☕️ Calling all Medical Professionals! Are you ready for an exciting opportunity that combines your passion for helping others with your dream of homeownership? LLook no further! CoffeeandMo ...
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CoffeeandMortgage.ca: Your Mortgage Doctor for Specialized Solutions
July 11, 2023 | Posted by: Kiruban Kana
Let's talk about finding the perfect mortgage. It's just like going to the doctor for your health. Imagine if you walked into a doctor's office and asked for medicine without telling them about your m ...
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Canada Adds Guidelines for Banks to Prevent Mortgage Defaults
July 7, 2023 | Posted by: Kiruban Kana
New guidelines issued by the Financial Consumer Agency of Canada (FCAC) urge Canadian banks to assist mortgage holders who are struggling due to a rapid increase in interest rates. The guidelines re ...
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Demystifying the Equifax Credit Score: Understanding How It Works - Credit: Part 2
July 3, 2023 | Posted by: Kiruban Kana
Your credit score is a critical factor that lenders and financial institutions use to assess your creditworthiness. Among the various credit bureaus, Equifax is a prominent player in providing credit ...
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Unlocking the Power of Credit Scores: How CoffeeandMortgage.ca Helps You Achieve Financial Excellence. Credit: Part 3
July 3, 2023 | Posted by: Kiruban Kana
Here's an additional section highlighting how CoffeeandMortgage.ca, as a mortgage broker founded by ex-bankers, can add value to the understanding of credit scores and overall financial management:How ...
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Credit Is NOT like a One Night Stand Sex! Credit: Part 1
July 3, 2023 | Posted by: Kiruban Kana
Now that we have your attention! We're about to embark on a hilarious journey that reveals the unexpected similarities between credit scores and personal relationships. Get ready for some insights as ...
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Searching for a solution to your mortgage challenges
June 28, 2023 | Posted by: Kiruban Kana
Hey, everyone! ☕️ ☹️ Tired of hearing those words 'turned down mortgages,' 'refused mortgages,' or 'mortgage denied'? We get it, and we're here to help! Loo ...
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Breaking Free: Resolving Mortgage Defaults and Property Tax Arrears with Expertise and Care!
June 22, 2023 | Posted by: Kiruban Kana
When it comes to resolving mortgage defaults and property tax arrears, we understand the importance of experience and expertise. That's why we are proud to introduce Kiruban, our esteemed Vice Preside ...
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Canada bank regulator says lenders should urgently tackle risks from mortgage extensions
June 14, 2023 | Posted by: Kiruban Kana
In an effort to mitigate potential risks in the housing market, Canada's banking regulator has urged lenders to address the challenges posed by mortgage extensions. The Office of the Superintendent of ...
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Tips for helping children buy a home. Strategies to minimize tax implications, including the FHSA
June 13, 2023 | Posted by: Kiruban Kana
The article titled 'Tips for Helping Children Buy a Home. Strategies to minimize tax implications, including the FHSA' by Maddie Johnson provides valuable insights for parents or individuals inte ...
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Bank Of Canada Rate Update June 7, 2023
June 8, 2023 | Posted by: Kiruban Kana
Bank of Canada raises policy rate 25 basis points, continues quantitative tightening Economic growth leads the Bank of Canada to increase its benchmark interest rate. The key takeaway from the ...
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Tips to Reduce Mortgage Expenses in a Rising Interest Rate Environment!
June 7, 2023 | Posted by: Kiruban Kana
Tips to Reduce Mortgage Expenses in a Rising Interest Rate Environment! ✨ As interest rates begin to climb, it's crucial to be proactive about managing your mortgage expenses. Here are some handy t ...
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First Home Savings Account (FHSA)
June 7, 2023 | Posted by: Kiruban Kana
The First Home Savings Account (FHSA) is specifically designed to help first-time homebuyers save for their down payment without having to pay taxes on the interest earned on t ...
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10 Money Saving Tips!
June 6, 2023 | Posted by: Kiruban Kana
When it comes to saving money, there are a lot of little things you can do that add up to make a big difference! Here are 10 of my favourite money-saving tips to help get you ...
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☕️ Unlock the Potential of Your Home Equity with CoffeeandMortgage.ca ☕️
May 31, 2023 | Posted by: Kiruban Kana
☕️ Unlock the Potential of Your Home Equity with CoffeeandMortgage.ca ☕️ Did you know that your home could be a valuable financial asset, ready to work for you? If you're looking to refinan ...
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Get up to $6M for your equipment, with a flexible 60-month term!
May 10, 2023 | Posted by: Kiruban Kana
Check out this incredible limited-time offer! Get the working capital you need with our exclusive 48-Month Loan!No need for collateral! This non-collateralized loan is a game-changer. Ne ...
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What to Know about Second Mortgages
April 15, 2023 | Posted by: Kiruban Kana
A second mortgage is a mortgage that is taken out against a property that already has a home loan (mortgage) on it. Generally people take out second mortgages to satisfy short- ...
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A Six-Step, Back to Basics Financial Plan for Most Every Canadian
November 21, 2022 | Posted by: Kiruban Kana
It's a tough time to know what the right financial move is at the moment. Interest rates are increasing, while stocks are in bearish territory. It's easy to forget that there are smart things that you ...
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Refinancing: What You Should Know
March 6, 2022 | Posted by: Kiruban Kana
Refinancing your mortgage refers to the process of renegotiating your current mortgage agreement for a variety of reasons. Essentially, allowing you to pay off your existing lo ...
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Improving Your Financial Direction
January 4, 2022 | Posted by: Kiruban Kana
Make 2022 the year of finance by improving your financial direction from the start! Even if you are living paycheck-to-paycheck, a few changes to the way you spend and look at money ca ...
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Should You Refinance Your Mortgage?
December 8, 2021 | Posted by: Kiruban Kana
There are a multitude of reasons why a homeowner may be considering refinancing their mortgage. However, before any final decisions are made it is always a good idea to consider carefully whether refi ...
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5 Expenses Most Canadians Don’t Expect in Retirement.
December 8, 2021 | Posted by: Kiruban Kana
5 Expenses Most Canadians Don’t Expect in Retirement. According to a recent CIBC poll, nearly half (48%) of retired Canadians stopped working sooner than they expected. The result is ...
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Why You Need an Emergency Fund And How to Get One
December 8, 2021 | Posted by: Kiruban Kana
Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a ...
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Strategies to Dig Yourself Out of the Debt Hole
December 8, 2021 | Posted by: Kiruban Kana
Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can he ...
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3 Tips on How to Better Your Credit Score
December 8, 2021 | Posted by: Kiruban Kana
Having a good credit score is of paramount essence as it affects your ability to access loans and borrow money. Your credit score rating influences the amount of mortgage you qualify for. You may ...
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How Good vs Bad Debt Impacts Your Household
December 8, 2021 | Posted by: Kiruban Kana
In order to understand the difference between good and bad debt, it's important to track your income and expenses and established saving goals for your family. Financial stability allows you to mee ...
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What are credit scores and how are they important?
December 8, 2021 | Posted by: Kiruban Kana
A credit score is a number that shows how likely you are to pay or default on credit. It ranges from 300 to 850; the higher the number, the more creditworthy lenders deem you. Your credit history dete ...
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How to Teach Your Kids About Money
December 8, 2021 | Posted by: Kiruban Kana
How to Teach Your Kids About Money. “You’re teaching them way too young,” joked the man next to me and my three girls at the bank machine; clearly he assumed we were taking out cash ...
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2021 Mortgage Stress Test - Latest Updates
April 21, 2021 | Posted by: Kiruban Kana
On April 8th, the Office of the Superintendent of Financial Institutions (OSFI) announced that it is relaunching its consultation on the minimum qualifying interest rate for uninsured mortgages. Usual ...
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April 21-2021 - Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program
April 21, 2021 | Posted by: Kiruban Kana
Available as: PDF The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The ...
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April 2021-Bank of Canada Releases Results from Consultations on Inflation and Monetary Policy
April 12, 2021 | Posted by: Kiruban Kana
The below details are what has been reported by the Bank of Canada Website Over the past two years, we spoke with thousands of Canadians about their views on the economy, inflation and what the Bank ...
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Multi-Family Lending: What You Need To Know About Hard Money Loans
March 8, 2021 | Posted by: Kiruban Kana
Multi-Family Lending: What You Need To Know About Hard Money Loans Multi-family real estate is one of the most popular investments for both newbie and seasoned investors. Buyers in the past used trad ...
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