Tag Archives: Mortgage
A study from the Bank of Canada concluded that those consumers who receive the best mortgage rate are those who are willing to bargain and negotiate, have more equity, are new clients, and who use a mortgage broker, among other variables. As follows, it is rare nowadays that anybody should pay the bank’s posted rate…
Canadian policy makers have used the United States’ housing market as a cautionary tale for our own benefit. To ensure Canadians don’t fall into the same dilemma, regulators have created new mortgage rules to limit housing risk since 2008. They have been great preventive measures to allow the Canadian housing market to remain stable. However,…
Economic stresses can happen to the most careful individuals. You may think you are prepared by planning, budgeting and saving, but unexpected issues can arise for various reasons. Identifying areas where you are the most vulnerable and making contingency plans is one aspect of the solution, but sometimes these efforts are inadequate. You need to know what…
Owning your first home is a big step. You no longer have to worry about rent, you can set up your home as you like, mow your lawn, and you also get invited to home owners meetings. Owning a house can be quite challenging, it is necessary to carry out research and talk with experienced…
Mortgage brokers are trained professionals in the field of financing for those who need loans. Even for borrowers with impeccable credit history and income levels, finding the best terms for a loan is not easy. The top brokers are noted for their ability to locate the best rates and other terms. They understand how to…
In hard economic times, you may be looking for ways to cut costs, but saving money is not the only reason why you should refinance your mortgage. You can use cash freed up to build a retirement account, do a remodeling project or send your child to college. You can take advantage of built up equity…
For those who are taking out a mortgage for the first time, knowledge of the effect of changing mortgage rates may be very limited. About one-third of first time borrowers expect the interest rate to remain the same over the next five years. Unfortunately, this expectation can result in loss of the home with even…
Homeowners who feel the assessed value of their property assessment is too high should appeal. By: Sean Cooper Special to The Star, Published on Wed Mar 06 2013 Homeowners who feel the assessed value of their property assessment is too high should appeal. I did and have saved myself $15 a month in a process that…