Have you been declined for a mortgage loan? Check out this guide on what changes to make in order to qualify for a mortgage.
Hunting for a home? If you’re stressed out, you’re not alone. An ING poll finds two thirds of Canadians are stressed to the max about their mortgage.
The 2.77% mortgage rate is back! Butler unveiled their record low rate once again on Friday. Will more lenders follow suit with record breaking lows?
Seniors are amongst the most vulnerable in society – and their finances can be hardest hit by those with less-than-noble intentions. Whether you are a retiree or trying to protect your parent from masterminded financial pitfalls, here are some warning signs to abide by.
The Canadian housing market is getting downright chilly. As we experience the after effects of the new mortgage rule changes announced last month, it’s clear that coast to coast, our markets are in for a correction. What does this look like for the urban hot spot markets – especially hardest-hit Toronto?
The self-employed (including small business owners) have always had a hard time getting mortgages. And pity those who’ve gone through a divorce, which can hurt in countless ways. A friend recently revealed that when she first separated from her husband, she had no credit rating. Here’s what to do when you don’t qualify for a mortgage.
As if BMO’s 2.99% 5 year fixed rate that rocked the mortgage world wasn’t enough, they have now issued a public warning to brokers along the lines of “ready or not, here we come”. They’re looking to grow fins and be a shark in the market by building up their mortgage sales force and capturing market share. Plus, find out what really happens behind the mortgage scenes.
Increasingly Canadians looking to buy a house are seeking more information from the professional helping to secure their mortgage. They look to their mortgage expert for good financial advice, guidance and some level of consultation on what most likely is the biggest investment of their lives. Mortgage experts are now on the front line when giving advice to new homeowners on how much they should borrow and at what rate.
Only the most naïve customer would pay the “posted” rate for their mortgage. (You didn’t pay the posted rate…did you?!?). Whether you use a third-party mortgage broker, or simply walked into your nearest bank branch and spoke with their mortgage specialist, you almost certainly were offered a discount off the posted rate. So why do financial institutions bother having these rates?
What is a mortgage broker and why you should use one.