You might wonder, how could improving your credit score be hard? Well, actually there is a lot that goes into it and it's not as simple as paying off debt then keeping a low balance on each account. In fact, it's so much more complicated than that and many people,...

If you're looking to buy a home or already have one, you may have noticed that mortgage interest rates have been going up over the past year. As you are probably aware, the cost of living has increased because of inflation. Everything seems to be more expensive including gas, groceries,...

An amortization period refers to the amount of time that is required to pay off your mortgage principal and interest expenses in full. However, you may have encountered different types of amortization schedules, including extended amortization, without fully understanding the meaning. Luckily, Orchid Financing is here to help! What Are...

There are a lot of people getting mortgages in the market today, and those loans can be very confusing. But understanding the difference between fixed rate mortgages and variable rate mortgages isn't something that you should have to puzzle over yourself. As an expert in the mortgage's industry, I'm here...

If your mortgage term is coming to an end and you have not finished paying off the loan yet, you are going to need to renew your mortgage for the remaining balance. You know how important it is to make sure you're being properly pre-approved for a mortgage before shopping...

If you have ever been interested in the art of refinancing, or the process of buying a home, then you would have heard the term ‘Mortgage Broker’ bandied around. These are the professionals that can help you with some of the most important decisions you will make in relation to...