Do You Need a Home Appraisal?
Not always. If your down payment is under 20%, your mortgage is insured and an appraisal is rarely needed. But when you're putting down 20% or more, refinancing, or buying privately, lenders usually require one to confirm the property’s value.
Expect to pay between $350–$1,500, depending on the property and location. In some low-risk cases, lenders may use an automated valuation instead of a full appraisal.
Unsure if your mortgage will require one? Reach out—we’re happy to help you prepare.
A mortgage isn’t just a monthly payment—it can be a powerful tool to grow wealth and reduce taxes. By following a proven strategy of buying, converting to rental, refinancing, and reinvesting, homeowners can unlock equity, fund additional properties, and create long-term financial growth. With the right mortgage expert, financial planner, and accountant, your mortgage can work harder—for you.
Whether you're a first-time buyer, investor, or refinancing, asking the right questions can save you thousands and bring peace of mind. From choosing the right mortgage type to understanding true costs, fees, and prepayment options, this guide highlights the five key questions that help you make confident, informed decisions.
Yes, it’s possible! But penalties, timing, and current rates matter. Whether you’re mid-term or renewing, we’ll help you make the right move for your financial goals. Let’s talk.
Across Canada, many homeowners approaching retirement are wrestling with an important question: Should I pay off my mortgage completely—or can my home actually support my financial goals in retirement?
While the idea of being mortgage-free is deeply rooted in Canadian financial culture, today’s economic landscape tells a more nuanced story. The truth is, in many cases, holding a mortgage—or accessing home equity through tools like a reverse mortgage or home equity line of credit (HELOC)—can be the smarter, more strategic move.
Canadian Homeowners Are Sitting on Historic Equity
According to Mortgage Professionals Canada and Statistics Canada, Canadian homeowners are sitting on significant equity—more…
Think you’re pre-approved? Not if no one’s verified your documents. A shaky pre-approval can cost you your dream home. Here’s why full review matters—and what most banks skip.
With mortgage renewals hitting harder in 2025, many homeowners are facing steep rate hikes. But beneath the challenges lie real opportunities—especially for buyers, investors, and savvy homeowners. Discover how today's economy is shaping the mortgage market, and how to navigate it with confidence.
When myths about obtaining mortgages get passed along, many believe it to be the sole truth. However, misleading information can often affect your mortgage application and may even hinder your chance at homeownership. To separate fact from fiction and ensure a smooth home purchase, Anita Mortgage Team has debunked three of the most widely believed myths about mortgages.
When it comes to mortgage financing, you may have a ton of questions but find answers difficult to come by. At Anita Mortgage Team, we want to arm you with the most accurate information available to help you understand the mortgage process and obtain the best solutions for your needs. To do this, we’ve answered some of the most frequently asked questions about mortgage financing.
While the home-buying journey is filled with several exciting steps, applying for a mortgage is an overwhelming one. The stress and confusion of applying for a mortgage causes many to commit mistakes that prevent them from qualifying for a mortgage of their choice. To help you avoid some basic errors that you might live to regret, Anita Mortgage Team has put together a list of the most common mistakes people make when qualifying for a mortgage.
Mortgage rates fluctuate depending on factors like inflation, levels of economic growth, monetary policy, and mortgage market conditions. Mortgage professionals study the market to keep up to date about economic conditions and the various mortgage products that are available.
