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 […]
Daily Archives: March 26, 2012
Closing Costs
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
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 Process and Pre-approval
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 […]
First-Time Home Buyers’ Tax Credit
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
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 […]
Fixed or Variable Mortgage Rates
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
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 […]
MTL Real Estate Broker & Coach 