http://ca.reuters.com/article/domesticNews/idCATRE5BK2FU20091221 I find this to be an interesting article. This is similar to what the government did last year with regards to requiring 5% downpayment and eliminating 40 year amortizations. At that time last year, although it made my job a little more difficult in terms of financing clients, I could understand why they did… Read more »
Category: mortgage information
News and commentary on mortgages and real estate related matters.
Here is some good news for those in variable rate mortgages: Low rates look safe for a while Low interest rates and a rising Canadian dollar are giving strong hope that the Bank of Canada prime rate will stay low for the forseeable future.
There is a new article in the National Post discussing whether home-owners should choose fixed or variable in todays economic environment. Fixed or variable? Time to revisit It is interesting to me that over much of the time I have been in this industry, there are always pushes by the banks and media towards fixed… Read more »
If you have ever taken out a loan, used a credit card or participated in a “buy now, pay later” offer, you will have a credit history. Your credit report contains personal information, credit information, banking information, public records (bankruptcies or credit related judgments against you), collection information, consumer statements and credit report inquiries. Before… Read more »
As a Mortgage Professional I often field client inquiries about risks facing Canadian real estate and mortgage markets. With all the turmoil taking place across the border and around the world in real estate markets, now is a good time to clarify some of the differences between us and our neighbours south of the border…. Read more »