Covid-19 Update

Covid 19 Update - Centum Mortgage Exchange Inc. is open to help you with all your mortgage questions during these unprecedented times.

Tips to Save Money

After the holidays we all can relate to the dread of opening a credit card statement and wondering how long it will take you to pay off holiday debt.

A less expensive, more meaningful Holiday

Budgeting for the holidays now may sound like a chore, but it is key to avoiding financial stress in January. Here is a guide to plan for the holiday season.

Are you saving enough for your retirement?

Many Canadians think of retirement as a time filled with vacations, getaways to

First-time home buyers could save $240 a month on mortgage payments under new federal program

Interest Rates on the Rise?

There has been speculation that Canadian interest rates are not done rising yet – and some say they will keep rising until 2020.

Legalization and Landlords

With cannabis legalization in Canada coming into effect on October 17, 2018, many landlords are wondering about their rights as landlords and how the legalization will affect their rental property investments.

How long does it take to save a down payment, when earning minimum wage?

Getting into home ownership has never been tougher than it is today. With the qualifying rate over 2% higher and with the additional stress tests, it’s no surprise anyone earning near minimum wage would feel that the idea of home ownership is impossible.

Reverse Mortgages

With mortgage guidelines getting stricter over the past year, it has opened a wave of interest for different types of mortgages – including what’s known as a reverse mortgage.

Fixed vs Variable

When obtaining a mortgage, there is always the question of a fixed or variable interest rate. There are pros to cons to both types, which we will explore below.