New Mortgage Rules for 2011
UPDATED: SEPTEMBER 6, 2011 In January 2011, Canadian Minister of Finance, Jim Flaherty, announced new mortgage rules for Canadians. New mortgage rules for 2011 The federal government announced that...
View ArticleShould You Buy Mortgage Life Insurance?
Mortgage life insurance Taking out a mortgage is a big step. An average mortgage for a buyer is approximately $300,000. When you agree to take on that mortgage, you are agreeing to pay that money back...
View ArticleWhy Mortgage Life Insurance is Useless
Why mortgage life insurance is not the best option for most. Because your home will likely be the greatest investment you make in your life, it’s important that you properly protect your purchase from...
View ArticleFinance Minister Requests Manulife Withdraw Low Mortgage Rate
On Tuesday March 19, 2013, Manulife lowered its posted interest rate for five-year fixed-rate mortgages to 2.89%, following a similar move from BMO earlier this month. However, Wednesday March 20,...
View ArticleCanadian Mortgages: What Every Newcomer Should Know
If you’re new to Canada, you’ll find the mortgage market is a little different form the U.S. and other countries. In order to get you started on the process, here are a few helpful tips that every...
View ArticleHow to Get a Refund on Mortgage Application Fees
Sometimes things don’t go right with your mortgage application, and when that happens you need to make sure that you’re able to get a refund on your mortgage application fees. Whether you’re applying...
View Article8 Mortgage Terms Canadian Buyers Need to Know
The world of mortgage lending is so vast, it’s easy for a first-time homebuyer to get lost in the jargon. Before walking into a bank, a buyer should become familiar with a few common mortgage terms to...
View Article4 Things You MUST Know About Your Mortgage
You faithfully pay your mortgage every month, but do you know what goes into it? Probably not. When your current loan term is up, you should take some time to study what goes into your payment. It...
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