Pre-approved financing is not guaranteed. And when financing doesn’t come through, deals fall through. Find out how to prevent this home-buying nightmare.…
Bankers joke that “Canadians would rob a bank to pay their mortgage.” See what a thrifty bunch we are, and other neat mortgage facts from RateHub.ca.…
With the best mortgage rates ever on the books right now, talk to your mortgage broker about getting a mortgage you can take with you if you sell and buy again.…
UPDATE: As of April 18, the base interest rate remains at 1 per cent. It has remained at 1 per cent for an unprecedented 952 days. The Bank of Canada surprised most analysts Wednesday by cutting Canada’s 2013 growth estimate (to 2.0%)…
Canadians, mortgages and personal debt. An infographic that boils down the important points in the CAAMP homeowner and renter survey of November 2012.…
In today’s housing market, some parents and other relatives are asked to act as a guarantor or co-signer on a mortgage for young buyers who may not have the employment history or credit scores to qualify for a mortgage.…
By saving less than a 20% down payment, most Canadians need mortgage insurance to buy a home. That adds more cost over the life of the mortgage.…
Get an overview of the necessary documentation that most Canadian lenders require prior to approving and funding a mortgage. By providing these documents in a timely fashion, you will help to ensure a speedy approval/renewal process.…
If you’re in a fixed-rate mortgage from 2011 or earlier, chances are you’re at a fixed rate higher than the going rates today. It’s tempting to think you might be able to prune your expenses or cut the term of your mortgage by refinancing early.…
For homeowners who are age 55 and over, the possibility exists to draw immediate cash from their home via a reverse mortgage. Sounds good? Reverse mortgages work well for some older homeowners, but there are also drawbacks.…
With the best mortgage rates ever on the books rig...
Bankers joke that "Canadians would rob a bank to p...
Pre-approved financing is not guaranteed. And when...