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How rate hikes affect the mortgage stress test & home affordability

Today we sat down and chatted with Serge, Mortgage Development Manager, and had him answer some of the most commonly asked questions we’re seeing in the mortgage industry this month. Read on, and let us help you worry a little…

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Featured articles

Featured articles #Lifestyle

How to combat inflation stress to keep your mind at ease

With inflation news clogging up news feeds and news channels, we understand the toll it can take on both our wallets and our mental health. Since this week is Mental Health Awareness Week in Canada, it felt important to the…

Featured articles #Lifestyle

The nesto meter Quick Take: Everything you need to know about saving thousands on your mortgage renewal

You know what our number one pet peeve is at nesto? Seeing people lose out on saving thousands of dollars. After all, this is our brand’s goal, our reason for existence: helping you save money. So, when we learned that…

Featured articles #Lifestyle

nesto's Journey to 250 Employees

What a year it has been for team nesto! We are happy to announce that we have reached a core milestone for our company: 250 employees! It’s been such an exciting time, growing from just 20 amazing team members to…

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Guides

Guides #Home Buying

Home Buying Resources & Programs for Teachers in Canada

Buying a home is a huge undertaking and likely the largest financial investment you’ll make throughout your lifetime. That’s why nesto has compiled this special guide to help ensure teachers across Canada are aware of the various resources and programs…

Guides #Mortgage Basics

How to Choose a Mortgage Rate

Selecting a mortgage rate and product that’s right for you involves a lot of background work based on your short- and long-term needs, financial state and credit situation, to name just a few factors. That’s why nesto has compiled this…

Mortgage Basics #Guides

Understanding Your Mortgage Payment

Your mortgage payment consists of two main components: 1) Principal and 2) Interest. Together, they make up the money you’re obligated to hand over to your lender every month to pay off the amount you borrowed to buy your home. In the…

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Home Buying

Featured #People

How real estate can hedge against inflation

Inflation is one of the great real estate investor’s best friends. While most people think of inflation as something that just makes things more expensive, it can also be a powerful force that helps drive up real estate values. That’s…

Home Buying #People

Paying off student debt or Getting a mortgage first?

There’s no right or wrong answer when it comes to whether you should pay off your student debt before getting a mortgage. It really depends on your unique financial situation. However, there are some things you can consider that may…

Home Buying #Real Estate

What are the Hidden and Unexpected Costs of Home Buying?

Article written by Kate Anderson – Big City Realty Yes, a home may be a significant asset and a stepping stone to a more secure financial future. However, first-time home buyers might be surprised by how much homeownership might cost…

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Lifestyle

Lifestyle #Home Buying

5 Home Renovations That Can Increase Home’s Selling Price

When it comes time to sell your home, you want to make sure that you do everything possible to increase the home’s selling price. One way to do this is by renovating your home before putting it on the market.…

How to combat inflation stress to keep your mind at ease

Home Buying #Lifestyle

Millennials in the housing market: Getting mortgages is easier than you think

While it may seem like a lofty goal for most millennials, home ownership is actually attainable with the right strategy and know-how. Today we’re going to dive into the topic and bust some myths around mortgage attainment for millennials. Below there is…

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Loan Types

Home Buying #Loan Types

Rent-to-Own Homes in Canada

If you’re having trouble saving up a large enough down payment to purchase a home in Canada, you’re not alone! Home price increases have been far outweighing wage boosts for several years. Thankfully, there’s a rent-to-own option that may help…

Mortgage Basics #Loan Types

What is a Mortgage Rate Lock?

Key Takeaways A mortgage rate lock lets you hold an interest rate for a set period of time, usually up to 120 days.(unless you work with nesto for your renewal or new purchase, you can get 150 day lock in…

Mortgage Basics #Loan Types

Is fixed or variable rate the way to go in 2022?

Wondering what’s next for interest rates after the June 1st announcement? Not so sure if you should go fixed or variable in 2022? Today we sat down and chatted with Serge, Mortgage Development Manager, and had him answer some of…

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Mortgage Basics

Mortgage Basics #Real Estate

Impacts of Changing Jobs While Mortgage Shopping

It’s important to pay attention to important aspects of your financial situation such as employment that can make or break your chances of qualifying for a mortgage – and help you keep your approval all the way through to closing. Because…

Mortgage Basics #Real Estate

A Guide to How Inflation Influences Interest Rates

The Bank of Canada (BoC) aims to keep inflation around 2%. And the primary tool used to control this involves adjusting its benchmark interest rate, which, in turn influences bank prime rates – the rates that control variable interest rates,…

Home Buying #Mortgage Basics

How to Stress Test Your Mortgage

In Canada, banks and other lenders use mortgage Stress Tests to see whether or not you could afford repayments if rates were to change. The government of Canada introduced mortgage stress testing as a way to protect lenders and borrowers…

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People

Featured #People

How real estate can hedge against inflation

Home Buying #People

Paying off student debt or Getting a mortgage first?

People #Home Buying

Real reviews, real people: Meet Sam R.

Real reviews, done by real people. At nesto, we’re proud of our reputation and the positive experiences we’ve been able to create for our clients, with a perfect 4.5-star rating on Google to prove it! Today we sat down and…

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Real Estate

Mortgage Basics #Real Estate

Renewal and Refinancing

Renewal and Refinancing #Mortgage Basics

Costs of Refinancing in Canada

Key Takeaways You can refinance your mortgage early to benefit from a lower interest rate, or access equity in your home.Refinancing can help you access equity in your home for things like home improvements, debt consolidation, or buying a second…

Mortgage Basics #Renewal and Refinancing

Ontario Housing Market Outlook 2022 Update

Key Takeaways Ontario has experienced record year-on-year growth in prices, for nearly all residential property types during the pandemicChanging lifestyles, immigration, investment, and shifting housing demographics have driven high demand for real estate in multiple cities in OntarioInterest rates are…

Mortgage Basics #Renewal and Refinancing

Should I switch mortgage providers? | Fees & considerations

Key Takeaways Anyone can switch mortgage providers in Canada. However, you’ll need to make further considerations about the fees you must pay before completing the process successfully.Cost benefits such as lower rates and the flexibility of increasing your monthly prepayments…

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The Learn content on this site is produced by Nesto Inc. and is for informational purposes only. The content is not intended to be any kind of professional advice and is not meant to be relied on or used in lieu of advice from a professional. Before taking any action based on this content you should consult a professional. We do not endorse any third parties referenced on this site.