Mortgage amortization will determine your monthly payments and the total interest you’ll end up paying on your mortgage. So, should you go long or short?
According to a new Equifax report, Canadian consumer debt has now climbed to over $1.8-trillion, up from the $1.797 trillion reported in the previous quarter. And concern arises as…
To approve you for a line of credit, loan or even a mortgage, lenders usually look at your debt-to-income ratio. This ratio is simply how much of your income is spent on debt. To calculate your own debt-to-income ratio, first tally up…
Bidding wars can make purchasing a home incredibly challenging, especially in Toronto and Vancouver. Read on to learn more about how they work, and how to keep your emotions – and budget – under control.
The real estate market is a daunting place to be for the first time, especially in big cities. Skyrocketing home prices and bidding wars make the dream of homeownership seem out of reach for some first-timers – mostly millennials. So, what’s still motivating property virgins to take the home-owning plunge?
It can be easy to focus on interest rates when choosing a mortgage, but deciding on a long or short term mortgage can have a big impact on your payments. Read on to explore the pros and cons of each – and what to expect if you try to break your mortgage term early.
This week on Money Wise: Announcing the Best of Finance Awards, mortgage rate wars, polar vortex finances and more!
What credit card earns the greatest rewards? Are all bank accounts built alike? Many Canadians aren’t offered these answers when seeking out the best personal finance products for their needs, despite what they could be saving. To fill this knowledge gap, RateSupermarket.ca has unveiled the 2013 edition of the Best of Finance Awards, a ranking of the very best credit cards, mortgages, bank accounts and more.
RBC lowered several of its fixed mortgage rate offerings over the weekend by 10 basis points each. What economic factors have contributed to the rate drop, and could it mean a better deal on your own mortgage rate?
Will the Canadian condo market remain in hot demand in 2014? The latest CMHC Housing Observer has some interesting facts about new demographic trends and affordability. Read on for our breakdown.