Reverse Mortgages: Eligibility Costs And Myths—Simple Guide
Reverse mortgages consume 47% of home equity on average through compound interest and fees, yet 62% of Canadian seniors considering them misunderstand fundamental mechanics, believing they retain full ownership benefits while accessing “free money” that actually costs $127,000 per $100,000 borrowed over 10 years. This guide exposes the mathematical reality of reverse mortgages, revealing exact […]
Mortgage Pre-Approval: Exactly What Lenders Verify (Checklist)
Mortgage pre-approval rejection rates hit 31% in 2024 across Canadian financial institutions, with 68% of denials stemming from documentation issues that applicants could have resolved beforehand, transforming what should be straightforward approval processes into devastating disappointments that delay home purchases by 3-6 months and cost thousands in expired rate holds, lost deposits, and duplicate application […]
Sports Professionals
Content from powerhaus coming soon… stay tuned.
Self Employed
Content from powerhaus coming soon… stay tuned.
Leasing
Content from powerhaus coming soon… stay tuned.
Medical Professionals
Content from powerhaus coming soon… stay tuned.
Pre-Sales
Essential Tips to Avoid Common Mistakes When Buying a Presale Property in BC As a valued member of our community, we want to ensure that you make informed decisions when it comes to purchasing presale properties in British Columbia. Buying a presale property can be an exciting investment opportunity, but it’s crucial to navigate the […]
Commercial
Powerhaus Mortgage Experts has established excellent relationships in the lending community with pension funds, banks, credit unions, life insurance companies, trust companies, private institutions and individual investors. These relationships allow Powerhaus to identify the source of funds which will be most likely to meet the needs of its borrower clients. Commercial real estate financing transactions […]
HELOC
Unlock the Financial Potential of Your Home with a HELOC A Home Equity Line of Credit (HELOC) is a type of loan that allows homeowners to borrow money against the equity in their home. Similar to a line of credit, you may borrow up to a certain amount and are only expected to pay interest […]
Construction
Overview Mortgage Powerhaus Experts has arranged construction financing for some of the largest projects in the marketplace. Our expertise in construction financing extends to both conventional loans and those insured by Canada Mortgage and Housing Corporation. Advantages to Construction Financing with Powerhaus Mortgage Experts There are numerous reasons why securing your construction mortgage will be […]