Reverse Mortgage – No Negative Equity Guarantee

By: Sunlite Mortgage0 comments

A significant benefit of reverse mortgages is the No Negative Equity Guarantee, a critical feature ensuring you will never owe more than your home’s market value at the time...

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Getting a Mortgage in a Consumer Proposal

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The last couple of years, with high inflation after the pandemic, have financially frustrated some homeowners. There has been a high delinquency rate for loans, credit cards and mortgage...

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Will the Bank of Canada cut interest rates this year?

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Last fall, when the Bank of Canada (BOC) signalled that it was likely done raising interest rates and would start reducing rates in 2024, Bay Street traders, economists, car...

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The Ultimate Step By Step Guide to Getting a Mortgage Approval

By: Devon Jones0 comments

Regardless of your financial situation, every one envisions the home of their dreams. The mortgage process might seem quite daunting. If you are a first-time homebuyer or trying to...

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How to Compare Canadian Mortgage Rates and Save Money

By: Devon Jones0 comments

At Sunlite Mortgage our mortgage rates are very competitive and subject to change without notice. We are constantly comparing our rates with that of the banks and try to...

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5 Ways To Improve Your Credit Score

By: Devon Jones0 comments

Improving Your Credit Score Improving your credit score takes time. Credit scores range from 300 to 900. A high credit score indicates a low delinquency risk to a creditor,...

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Fixed Mortgage Rates Are Falling: What You Need to Know

By: Devon Jones0 comments

Fixed Mortgage Rates Are Falling Renegotiate mortgage renewal or consolidate debt For the past couple of weeks fixed mortgage rates has been on the decline. That should be welcome...

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The Pros and Cons of a Collateral Charge Mortgage

By: Devon Jones0 comments

What the banks don’t want you to know about collateral charge mortgage Collateral Mortgage is the mortgage of choice that banks offer to Canadians. Most collateral charge mortgage has...

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Savings on variable rate mortgage

By: Devon Jones0 comments

If you have a variable rate mortgage, you would have had about three increases in your mortgage payment over the last year. You may be wondering if now is...

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How to Keep Your Credit Score in Excellent Shape

By: Devon Jones0 comments

From applying to a job to getting a mortgage, your credit score is a key indicator of your overall financial health, one that most institutions will leverage to determine...

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The 5 Biggest Influences on Your Credit Score

By: Devon Jones0 comments

Your credit score gives mortgage lenders a window into your overall financial health and helps them determine what mortgage products you qualify for, if any. Ranging from 300 to...

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Home Appraisal Process: All You Need to Know

By: Devon Jones0 comments

What Is a Home Appraisal? A home appraisal is a professional, unbiased third-party assessment of the home’s value. If you’re buying, selling, or refinancing your home, an appraisal will...

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