Just over a week ago BMO executives had issued a warning to mortgage brokers, letting them know that they were going to beef up their mortgage sales force and focus on capturing market share. BMO is looking to kick their growth into high gear in response to feeling the effects of a sluggish market. In this case, their bite was worse than their bark. BMO is once again offering their 5 year fixed closed mortgage at 2.99%.
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.
Millions of people commit to getting in shape for their New Year’s Resolution, but RateSupermarket.ca is challenging Canadians to get financially fit as well. Canada’s rate comparison website for personal finance products urges consumers to tackle their personal debt and grow their savings in 2012.
There are different stages of approval process when you apply for a mortgage and it’s important to know what they are and what they really mean.
How to improve credit score: 7 tips for fixing your bad credit – what you can do now, and long-term fixes to keep your score on the higher side.
What if you had access to additional funds at great mortgage rates that you could borrow at your leisure? Sound like a dream? With a readvanceable mortgage you can actually make the equity you have built in your home work for you now, rather than later. Here’s how.
If you’re a member of the Debt Club (i.e. you have mortgage that will take you quite a while to pay off), you need to start planning for your ‘graduation day’ – the day when you become Debt Free.
Although your amortization says 25 years – there and a few simple steps that you can take to make sure you become debt free faster and spend less money on interest along the way.
Last week I was asked to do an interview for CBC the National to talk about the US Debt Crisis and how it is affecting the Canadian economy. It’s a well-known fact that the Canadian economy is closely tied to that of the US. Plus we’re already starting to feel the pinch here – higher …
Lots of economic news today as international governments are attempting to move quickly to try and reduce the severity of the global economic crisis. The US annouced a $17.4B loan package for American car markers that will come out of the $700B Troubled Asset Relief (TARP) programme that was set up to help the banking …