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…
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?
Is it a good idea to refinance your mortgage? Given the penalties for breaking a mortgage, it’s not always clear if you’ll save – here’s how to tell if refinancing is for you.
Is it a good idea to renew your mortgage early? Many banks are taking advantage of today’s record low rates, and are sending tempting early renewal letters to borrowers. Locking in for lower can certainly save you a bundle – but are you losing out on even greater savings?
2014 may be drawing to a close, but speculation regarding this year’s mortgage market is far from over. Economists and home buyers alike are waiting with baited breath to see if 2015 will usher in change for borrowing costs and the housing market. To better understand the market’s future direction, we’ve looked to the past; read on for the strongest trends seen within the mortgage market in 2014.
Want to save on your mortgage? You can save thousands of dollars by mixing up your mortgage payments. Check out our infographic for 3 easy steps to savings.
Looking to get a mortgage – this is the best place to start! Read on for all of the resources you need to learn about mortgages.
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?
What’s in store for 2014 mortgage rates? RateSupermarket.ca’s expert panel has released their forecast for fixed and variable rates in January.
A new study finds Ontarians are shrugging off their savings plans in order to focus on debt repayment like mortgages. But is it ever a good idea to stop saving completely?