Tap into home equity with no monthly mortgage payments.
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 […]
Category Archives: Mortgage & Pre Approval
Getting a Mortgage if You’re Self-employed
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 […]
Bank of Canada could raise this rate as early as Wednesday, making it more difficult for some to take on home loans
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 […]
Everyone’s mortgage is about to get more expensive
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 […]
How do new mortgage rules impact your clients
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 […]
Why lenders may refuse your mortgage application
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: […]
How To Get a Mortgage With No Down Payment
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 […]
WhichMortgage.ca
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 […]
Home buyer Incentives and How to Claim Them…
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 […]
Fitch warns of interest rate rises as banks face risk
Concern over the lower profits of banks amid tougher global economic conditions could mean higher interest rates in Canada. Ratings agency Fitch says that auto loans and credit cards present […]
