Are you thinking about refinancing your mortgage? Early refinancing has become a bit of a trend; not surprisingly though, everyone is looking to save money where they can. Obtaining a new loan with better interest rates for your home could mean saving money on monthly mortgage payments or using the extra money on other projects such as renovations or making investments.
If you’re in debt, refinancing at a lower interest rate will help you repay it faster. But those in debt face a catch-22: They have so much debt, so their credit score likely isn’t very high – making it difficult to qualify for refinancing. Here are some tips on how to improve your credit quickly in order to refinance.
If you’ve followed along since January, you’re now eight months into your debt free journey! But high interest could be holding you back from erasing all your debt before the curtain closes on 2016. Read on to find out what you can do to lower your interest payments and speed up your repayment timeline.
We’re starting to witness the effects of last week’s guideline and policy changes for the secured lending industry. Potential first time home buyers aren’t the only ones feeling the belt tighten – many mortgage agents who cater to this market are biting their nails as buyers may increasingly choose to stick with the renting market. Looks like everything comes with a price – even affordability.
CAAMP’s semi-annual report has arrived, and it’s full of latest stats and issues surrounding the current state of Canadian mortgages. A big point of interest lately are the draft guideline changes proposed by the OSFI. Federally-Regulated Financial Institutions have reviewed the recommendations, and the verdict is in on renewals, HELOCs and AVMS. Read on to find out what will change and what will stay the same – and how it’ll affect you.
All about mortgage refinancing. What it is, when you need to do it and the benefits.
It’s no fun cleaning the gutters but it’s even worse getting declined by the bank. Here are some pointers that might help improve your chances of getting approved for you mortgage refinance.
January 2011 – Changes to the mortgage regulations in Canada. Your questions answered.