Monday Mortgage Update: March 26, 2012
Tracking Government of Canada (GoC) bond yields is important because they help determine where fixed rates are headed. Since the beginning of March, 5-year GoC bond yields have been steadily […]
Tracking Government of Canada (GoC) bond yields is important because they help determine where fixed rates are headed. Since the beginning of March, 5-year GoC bond yields have been steadily […]
Closing costs, ranging from 1.5 to 4%1 of selling price, are the legal and administrative costs you will need to pay when your house closes. In addition to closing costs, […]
Mortgage calculators allow you to test different variables and make informed financing decisions. Our calculators take into account the total cost of home ownership, are easy to use, and give […]
Mortgage pre-approval A mortgage pre-approval shows you, the home buyer, what value of home you can afford, and the mortgage payments associated with various purchase prices. It also guarantees a […]
The First-time Home Buyers’ Tax Credit was introduced as part of ‘Canada’s Economic Action Plan’ to assist Canadians in purchasing their first home. It is designed to help recover closing […]
Mortgage prepayment options outline the flexibility you have to increase your monthly mortgage payments or pay off your mortgage as a whole without penalty. The monthly prepayment provision is a […]
One of the first decisions home buyers and mortgage shoppers face is whether to select a fixed or variable mortgage rate. With a fixed mortgage rate, the mortgage rate and […]
Mortgage Term vs. Amortization One of the most common sources of confusion for prospective home buyers is the difference between a mortgage term and amortization period. A typical mortgage in […]
Mortgage down payment What is a mortgage down payment? A mortgage down payment is the amount of money you pay upfront when purchasing a home. A down payment, typically expressed […]