New rules affecting high ratio mortgages
The new rules affecting high ratio mortgages are effective from October 17th, 2016. The following are new mortgage rules for high ratio mortgages, (under 20% down payment = high ratio Read More …
Category: News
A Co-signer story
Considering co-signers to help your mortgage may be a very smart thing to do in regards to money-saving, however, this advantage may come with some potential risks that may end Read More …
No fee refinance promotion
If you are looking to refinance your current mortgage this limited time promotion might help you save even further. To optimize your savings, lower your borrowing cost, better your cash Read More …
Small rental mortgage program tips
The following may help you get a more realistic expectation on a rental mortgage program and how you can speed up the process and benefit sooner from the investment of Read More …
Late for mortgage renewal
Late for mortgage renewal Late for mortgage renewal and looking to minimize the expense to change to a better rate? If you or someone you know ever find in this situation the Read More …
Interest rates down
Interest rates down We have been informed of interest rates gone down and you should be informed as of which mortgage products are offering them. Employed people currently renting and Read More …
Automatic mortgage renewal
Automatic mortgage renewal Be wise and observe the terms and amortization payments schedule in your mortgage to see how much you can save with your educated decision, rather than just Read More …
Saved for closure story – Ms. Castor
Saved for closure story – Ms. Castor As in the story below, “Reverse Mortgage” can assist seniors 55+ keep and better what they have been able to amount in wealth Read More …
Myths about reverse mortgage
Here you have the Myths about Reverse mortgage. what to expect and what are the real facts Myths: The bank owns the home. People with a reverse mortgage will owe more Read More …
CMHC Home buying step-by-step
Home buying step-by-step. All you need to know to help you make smart home buying decisions from start to finish, prepared by Canada Mortgage and Housing Corporation (CMHC). Is Homeownership Read More …
Reverse mortgage – Income advantage
Chip – Reverse Mortgage – Income Advantage On a reverse mortgage, interests paid are tax-deductible and lower than the increase of the equity of your home Chip – Reverse mortgage Read More …
Gifted down payment
Gifted down payment Gifted down payment are funds given to a mortgage applicant by an immediate family member to be used to qualify for a mortgage or simply to lower the Read More …
Downpayment from RRSP’s
down-payment from RRSP’s If you as a first-time home-buyer are planning to buy your home this year and are facing the question of where will you get the down payment Read More …
B2B Bank Equity 50 program
B2B Bank’s Equity 50 program is great for individuals that have a hard time proving income in the traditional sources. Clients can access up to 50% of their home value Read More …
RRSP deadline approaching
RRSP deadline is approaching and with that the opportunity to receive a higher tax return after filing your taxes, return that you can use towards the down payment to purchase Read More …
To buy or to rent a 300K home?
To buy or to rent a 300K home? The following is a dilemma that many new home buyers face, so, if you are one, this information may help you make Read More …
2016/2017 CHMC housing market outlook for the GTA
2016/2017 CHMC housing market outlook for the GTA A short and easy to read summary of the CHMC study on the 2016/2017 CHMC housing market outlook can be found on this Read More …
Be prepared for your mortgage
Be prepared for your mortgage Anticipating for your coming mortgage renewal, refinancing or home purchase will always pay off, it’s a smart decision and an excellent financial practice. Since you Read More …
The future of Canadian housing
The future of Canadian housing During the past decade under the Conservative party, left as a legacy “high home prices”, it may not have been intentionally but as a result of Read More …
Financial character
Financial character Financial character is the mental and moral group of qualities presented by an individual in regards to his/her behaviors when it comes to his/her financial agreements. Your credit score Read More …
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