Mon - Fri : 9:00 AM to 6:00 PM

529 Wilson Avenue Toronto, ON M3H 1V1

Latest News & Blogs

ALWAYS Ask these 5 Questions When Meeting with a Mortgage Broker

Posted by Sherwood Mortgage Group on 15 September 2022
ALWAYS Ask these 5 Questions When Meeting with a Mortgage Broker
  We always recommend that you ask these 5 key questions when meeting with a mortgage broker for the first time.    Whether you’re preparing to contact a broker about a mortgage, or you’ve already started the process, you should ask:   What’s the best mortgage product or loan type for me? How much will I need for a down payment? What documentation will I need for a mortgage loan? How much interest will I pay on my mortgage? Am I...
Posted in:Mortgage Education Resources  

Your Ultimate Guide to Moving Across the Country

Posted by Sherwood Mortgage Group on 12 September 2022
Your Ultimate Guide to Moving Across the Country
There are plenty of factors to consider before when you're considering moving across the country. First, you’ll need to decide where you want to move, why you want to move there, and if the province/city you choose will be right for your lifestyle.   Choices – Narrow Down Your Yes List and No List Your first step should be to take stock of your lifestyle and the factors that are deal makers and deal breakers.  Are you an outdoor adventure seeker, or are you s...
Posted in:Residential MortgagesMortgage Education Resources  

Are HELOCs a Good Idea? Not If You Use Them Like This

Posted by Sherwood Mortgage Group on 15 July 2022
Are HELOCs a Good Idea? Not If You Use Them Like This
Homeowners across the country have been ecstatic about the equity that’s been created in their homes over the last couple of years, and because of this, you might be asking are HELOCs a good idea?  Rising property values have increased Canadian’s abilities to borrow money and make improvements to their homes, but there are a few things that you should not do with your unlocked home equity. Let’s jump into what you should NOT do with your Home Equity Line of Credit. &n...
Posted in:Residential Mortgages  

5 Tips for Selling a House the Fastest and Easiest Way

Posted by Sherwood Mortgage Group on 5 July 2022
5 Tips for Selling a House the Fastest and Easiest Way
Homes were flying off the market over the course of the pandemic, but now buyers have begun to become a bit more cautious. We've but together this short guide on selling a home the easiest way in 2022, to help you stay stress free and focused on your future. Buyers are not as worried about missing out on a home they’re interested in in the current state of the Canadian housing market, but that doesn't mean it's not a good time to sell your home. If you're personal ...
Posted in:Residential Mortgages  

How to Combat Inflation at Home and Save for a Home

Posted by Sherwood Mortgage Group on 6 June 2022
How to Combat Inflation at Home and Save for a Home
Each and every Canadian is facing the effects of inflation to some degree.  Gas, food, and energy costs are up across the board, and when you add in the duty of saving for a downpayment, things can seem overwhelming.  However, we have some tips on How to Combat Inflation in Canada and Save for a Home.   Inflation Has Surpassed Original Estimates In April, annual inflation rose to 6.8%, which significantly surpassed the Bank of Canada’s forecast of 2%. Unfortunately, t...
Posted in:NewsMortgage Education ResourcesFinancial Literacy  

Affording a Home After The Canadian Interest Rate Hike

Posted by Sherwood Mortgage Group on 11 May 2022
Affording a Home After The Canadian Interest Rate Hike
  In 2022, the Bank of Canada made the decision to raise its benchmark interest rates multiple times after they had remained at historically low levels over the pandemic. You’ve probably been wondering how you can go about affording a home after the Canadian interest rate hike (or hikes), so we're here to inspire, motivate, and educate you! You don’t need to take drastic measures that could wind up hurting you down the line, such as overpaying for a fixer upper to ...
Posted in:Mortgage NewsMortgage Education Resources  

®TM Trademarks of AM Royalties Limited Partnership used under license by LoyaltyOne, Co. and Sherwood Mortgage Group.