When and When Not to Refinance Your Mortgage
By RateHub.caJust because you’ve signed on the dotted line doesn’t mean you’re stuck with your mortgage until the very end. Refinancing your mortgage can be a wise move, but it can also cost you thousands in prepayment penalties. Whether you’re looking
Lower mortgage rates spur brighter outlook for resale housing market
With a strong summer coming to an end, the Canadian Real Estate Association updated its resale housing market forecast with a slightly more positive outlook for the rest of 2019 and beginning of 2020.
An entrepreneur’s guide to qualifying for a mortgage
According to Entrepreneur.com, millennials are the “fastest-growing segment of entrepreneurs in our economy.” With creative and tech industries booming, it seems like there are new innovative startups popping up every day. What does this mean
CMHC Increasing Mortgage Insurance Premiums
Effective May 1, 2014, the Canada Mortgage and Housing Corporation (CMHC) will be increasing its mortgage insurance premiums after the annual review of their insurance product and capital requirements.Those affected include owner occupied units,
25-Year vs. 30-Year Mortgage Amortizations
by RateHub.ca When shopping for a mortgage, you’re probably most concerned with the interest rate and term. However, an equally important decision is the amortization period, which is the length of time it takes to fully pay off your mortgage.25-Year
Mortgage Payments
Mortgage payments consist of a principal and interest payment.
Mortgage Terms You Should Know Before Buying a New Home
New to the whole mortgage thing? It can be scary. This list of terms should help you along the way!ABSTRACT OF TITLE:Registry System: A condensed history of the title to a parcel of land. The abstract consists of a synopsis of every recorded instrument
The gig economy should change mortgage lending practices
The Canadian Real Estate Association launched REALideas recently in anticipation of the federal election. One of the points they made is that mortgage lending needs to be updated to better serve those participating in the gig economy.
BILD Low-Rise Forum: Mortgage Mania
On April 18th, 2013, we attended BILD’s Low-Rise Forum. The speaker was Will Dunning, an economist and housing market analyst with over 30 years of experience. Dunning has a history working with the Canada Mortgage and Housing Corporation, and now his
See what this first-time buyer has to say about applying for a mortgage
Getting pre-approved is one thing, but when it comes to applying for a mortgage, the process can be confusing and intimidating, especially if you’re a first-time buyer. There’s an extra layer to the process if you’re buying a new
