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Pegasus Blog

Mortgage Portability in Canada: Move and Keep Your Rate

This article is for informational purposes only and does not constitute financial advice. Speak with a licensed mortgage professional before making any mortgage decisions. Quick Answer Yes, most Canadian mortgages are portable, meaning you can transfer your existing rate, balance,

Mortgages and Inflation

Exploring the Relationship Between Mortgages and Inflation

The relationship between inflation and mortgage rates is sometimes complicated. Generally, in an inflationary environment, central banks raise interest rates to control inflation, which can

Mindful Spending

The Art of Mindful Spending: How to Control Your Expenses and Save More

In a world crammed with enticing advertisements, irresistible deals, and constant pressure to keep up with society, it's all too easy to fall prey to

Financial Stability Made Simple: Exploring the Benefits of GICs

In recent years, there has been a growing interest in Guaranteed Investment Certificates (GICs) as a safe investment option among Canadians. This surge in popularity

Common Misconceptions About Power of Sale & Foreclosure

When it comes to financial difficulties, few things can be as stressful and overwhelming as losing your home. Unfortunately, many homeowners in Canada face this

Protecting Your Home and Family from Wildfires: Expert Advice and Insurance Tips

This wildfire season has destroyed many homes and businesses, leaving homeowners in disarray. Wildfires are a growing threat to homeowners across Canada. Due to the

Amortization Period

Stretching Your Mortgage: Weighing the Benefits and Drawbacks of an Extended Amortization Period

In recent years, it's alarming to see a surge in requests for extended amortization periods exceeding 30 years While it may seem like an attractive

Mortgage Default Insurance Vs Mortgage Life Insurance: Outlining the differences and needs of both

The mortgage industry is filled with numerous jargon terms, making it difficult to comprehend their meanings, particularly for first-time homebuyers. Most of us have likely

All you need to know about downpayment: How to determine your budget and secure your downpayment.

When buying a home, deciding how much to put down largely depends on your financial situation. The minimum down payment required is based on the

Reverse Mortgage

All you need to know about Reverse Mortgage

The most common misconception for many people regarding home ownership is that after the mortgage is paid off, life will be easier. Even if you

HELOC: Unlocking the Secret to Tapping into Your Home's Financial Potential!

HELOC is a secure revolving loan in which the lender uses your home as a guarantee HELOC is a secure revolving loan you can obtain,

Insuring Your Peace of Mind: The Importance of Having the Right Insurance Coverage

Owning a home is among the major purchases a person can make in their lifetime. At Pegasus Mortgage Lending Inc., we firmly believe that this

Credit Score

"Must Know" Credit Score Facts

It's easy to get confused about credit scores—even more so when figuring out what they mean for your finances. Your credit score is a 3-digit