Knowing if you are getting the best mortgage rate in Ottawa is hard. Â The challenge is that there are so many banks, lenders and websites to compare. Â Plus, mortgage rates are constantly changing. Â ...
Are you renewing, buying a house or if you currently have a variable rate mortgage? Â If so, it may be time to lock in a 5 year fixed rate mortgage. 5 year fixed rate mortgages in Ottawa are back t ...
Here are three important mortgage terms you should know:  Prepayment, porting and assumable. Prepayment: Prepayment is the amount that a lender will allow you to pay, above yo ...
A new CMHC first time home buyers down payment program to assist with the down payment is launching soon. The program will begin in September for mortgages closing November onward. The Liberal go ...
This past Monday, the government shared the details of the new CMHC first time home buyer incentive. Â The incentive can help home buyers towards the down payment up to 10% of the price of a home. ...
The CEO of CMHC (Canadian Mortgage and Housing Corporation) strongly defends the mortgage stress test. This comes at a time when there are calls for the stress test to be changed. The CEO feels ...
Ottawa mortgage rates fall to 2 year low as fixed mortgage rates and variable mortgage rates in Ottawa have become more favourable. Â This due to the cost for lenders is currently being lower. Despit ...
One of the largest purchases you make will no doubt be buying a house. Â Before you embark on this journey, it is important to review your finances and know that your finances are in order. Â A go ...
When looking to take the right steps to not only get pre approved, but to stay pre approved or approved for a mortgage in Ottawa, here are top three things to avoid. Late payments on debt: ...
Credit scores range from 300 to 900 and they help lenders, banks and landlords determine your creditworthiness. Â It is important to maintain a healthy credit score. Â Here are some tips to build your ...