This fall, loan payments unemployed borrowers kicked down the road must start being repaid again, plus interest With a six-month window for some borrowers to defer their loan payments closing […]
What Is a Reverse Mortgage? The most common type of reverse mortgage is a loan insured by the Federal Housing Administration (FHA), which is also called a HECM. It allows […]
It’s hard to know exactly how many Canadians are self-employed because more and more of us are every time you check. At the end of 2017, 2.8 million Canadians were […]
TORONTO — Canada’s Big Six banks have all increased their benchmark fixed-rate mortgage rate, a move analysts say could trigger a rise in the Bank of Canada’s qualifying mortgage rate […]
Get ready for a rate shock adjustment that is expected to accelerate in 2019 The Bank of Canada raised its benchmark interest rate to 1.25 per cent Wednesday and signalled […]
Hello! Yesterday, OSFI (Office of the Superintendent of Financial Institutions) has announced yet another mortgage tightening rule on financial institutions. This time it affects your clients that have more than […]
There are many reasons why your favourite bank or lender may reject your clients when they apply for a mortgage. Here are some of them. Not enough credit history: […]
Mrtgages 101 If you’re like most people, putting together a 20 percent down payment on the purchase price of a house or condo can often be difficult. But […]
Top Bank Rates – http://www.whichmortgage.ca/calculators/ Sigma Mortgage 1.95 MortgagePal 2.10 Safebridge Financial 2.25 Home Trust 2.69 B2B Bank 2.70 MCAP 2.70 CIBC 2.84 TD Canada Trust 2.99 BMO 3.090 RBC […]
The Home Buyers Plan allows first-time home buyers in Quebe to withdraw up to $25,000 PER BUYER, from an RRSP to purchase a home without having to pay tax on the withdrawal. The […]
