Pickering - Alex Mortgages

What is APR? Understanding the True Cost of Borrowing in Canada 2024

July 7, 2024 by admin

Wondering What is APR? Ever embarked on the exciting (and sometimes overwhelming) journey of buying a home in Canada? If so, you’ve likely encountered a barrage of financial terms like interest rates, closing costs, and, of course, APWhat is APR. But What is APR exactly for a mortgage mean? Think of APR (Annual Percentage Rate) … Read more

Reverse Mortgages in Canada: A Comprehensive and BEST Guide for Homeowners 2024

June 4, 2024May 20, 2024 by admin

Introduction: Reverse Mortgages In Canada Imagine a scenario: you’ve worked hard for decades, paying off your mortgage and building equity in your home. Now, retired and living on a fixed income, you might find yourself needing some additional cash flow. That’s where reverse mortgages in Canada comes into play. They can be a valuable tool … Read more