Refinancing – what you need to know
In the last year, more changes have been introduced to the mortgage rules in Canada and some of these changes affected refinancing a mortgage. In the past, one was able to refinance th ...
In the last year, more changes have been introduced to the mortgage rules in Canada and some of these changes affected refinancing a mortgage. In the past, one was able to refinance th ...
Not able to qualify for a traditional mortgage? A mortgage broker or mortgage agent can help: There may come a time when your finances are not quite where they need to be to qualify for a tradition ...
CBC marketplace recently posted a video about collateral mortgages (Feb 27, 2015). They were highlighting the fact that TD Canada Trust only provides clients with collateral mortgages and unfortunat ...
1) Having your mortgage lender collect the taxes. This is a very popular option and can be a convenient way to have the taxes paid. With one withdrawal from your bank account the lender will ...
A mortgage is a contract between you and the lender. The contract has terms, conditions, obligations, rights and so on. When you take a mortgage you are agreeing to follow the terms of the mortgage ...
In the past typically one would be rewarded with a possible lower rate for achieving a down payment of 20%. However with recent changes in mortgage rules many lenders now have a higher rate for mortga ...
An approval is based on the favourable combination of your current debts, income, credit score and more. Once you are approved for a mortgage it is important that your finances stay constant and i ...
When purchasing a property, the different types of insurance that you may be offered, can be a little confusing. The three main insurances that may come up are mortgage default insurance, life and ...
Fixed rate mortgage holders are not affected by changes in prime. Bank of Canada rate changes only affect those with a variable rate mortgage. On July 12th and September 7th, lenders raised their v ...
If purchasing a property that currently has a tenant and you would like to live in it, it is important to ask for vacant possession in your offer. Many purchasers when looking at a property with th ...