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If you’re looking to buy a home, the current real estate environment can be very daunting.Between the pandemic, rising inflation, and the housing crisis, becoming a homeowner seemsmore unattainable than ever. In this article, you will find an overview of…

Key Takeaways A mortgage lender can be an institution, bank, trust, credit union, corporation or individual that lends money secured against a property. In Canada, mortgage lenders can be federally regulated financial institutions (FRFI), provincially regulated lenders and credit unions,…

One key focus in 2022 is the Bank of Canada (BoC) and its interest rate announcements. For those that may have missed it, since March 2022, the BoC has been increasing its key policy rate, and on September 7th, it…

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…

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…

Wondering what’s next for interest rates after the September 7th Bank of Canada (BOC) announcement? Not so sure if you should go fixed or variable rate in 2022-2023? Today we sat down and chatted with Chase Belair, nesto’s Co-Founder, and…

What is an Amortization Period?  The amortization period is the time needed to pay out the full mortgage loan, based on regular payments at a certain interest rate. A long amortization period makes each monthly payment smaller, but the interest…