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How Easy is it for Foreigners to Secure a Mortgage in Canada?
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Residential Mortgage Commentary - As autumn arrives the market cools further
Original article credits: First National, www.firstnational.ca
Article written by: First National Financial LP
Original article posted:Sept. 20,2022
Link to original article: https://www.firstnational.ca/mortgage-brokers/resources-for-mortgage-brokers/article/residential-mortgage-commentary---as-autumn-arrives-the-market-cools-further
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Bank of Canada increases its benchmark interest rate to 3.25%
Origincal Article Credits: First National www.firstnational.ca
Article Written by: First National Financial LP
Org. Article posted: Sept,9,2022
Link to original article: https://www.firstnational.ca/mortgage-brokers/resources-for-mortgage-brokers/article/bank-of-canada-increases-its-benchmark-interest-rate-to-3.25
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In the times of high interest rates, don't discount Rent-To-Own
In the times of high interest rates, don't discount Rent-To-Own What is Rent-to-Own? Rent-to-Own (RTO) is an agreement between a landlord and tenant in which the tenant agrees to rent the property for a certain period and has an option to buy before the lease expires. It’s essentially a hybrid approach to owning a property. You get to experience the property for a period before committing to a purchase. In an RTO agreement, the buyer pays the seller a one-time upfront fee, known as an option fee, option consideration, or option money. The fee is the factor that gives the buyer the option…
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How Can a Mortgage Broker Help You When Interest Rates are Rising?
How Can a Mortgage Broker Help You When Interest Rates are Rising? Inflation, rising interest rates, increasing housing prices – it can all be overwhelming! What could possibly be next?! Let’s break it down and talk about how rising interest rates correlate to homeownership. Let’s get down to the basics… Rising interest rates represent an increase in the cost of borrowing. Increasing interest rates is a tactic utilized by the government and centralized banks to help “curb” inflation and the rising cost of goods. How? By raising interest rates, individuals are likely to spend less because the cost of borrowing increases. With fewer…
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A Simple Guide to Understanding Mortgage Renewals in Canada
Let’s get down to the basics – What is a mortgage renewal? Mortgage renewals are the bread and butter of home ownership. Not really, but they are SUPER SUPER important. Mortgage renewals are a great opportunity to renegotiate the terms of your current contract with the current lender without needing to reapply for financing with another lender. Conditions may include the term length, interest rates, payment frequency, additional charges, or fees, etc. Loan terms and amortization are often interchangeably referenced. However, they are two separate topics. A term refers to the length of your mortgage agreement – i.e., the contract duration with…
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What to know before buying a home
Original Article Source Credits: Ontario , https://www.ontario.ca/
Article Written By: NA
Original Article Posted on: March 15, 2014
Link to Original Article:https://www.ontario.ca/page/what-know-before-buying-home
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Housing Market Moderates in May, but Prices Forecast to Rise 19.3% this Year
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: June 15, 2021
Link to Original Article:https://www.canadianmortgagetrends.com/2021/06/housing-market-moderates-in-may-but-prices-forecast-to-rise-19-3-this-year/
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New stress test level makes it harder to qualify for a mortgage in Canada
Original Article Source Credits: CBC ,https://www.cbc.ca/
Article Written By: Pete Evans
Original Article Posted on: Jun 01, 2021
Link to Original Article:https://www.cbc.ca/news/business/stress-test-mortgage-real-estate-1.6046758
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Low Rates Helping Borrowers Pay Off Mortgages at Record Pace
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: June 22, 2021
Link to Original Article:https://www.canadianmortgagetrends.com/2021/06/low-rates-helping-borrowers-pay-off-mortgages-at-record-pace/
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What home buyers should know about the Canadian mortgage stress test
Original Article Source Credits: Money Sense , https://www.moneysense.ca/
Article Written By: TAMAR SATOV
Original Article Posted on: MAY 27, 2021
Link to Original Article: https://www.moneysense.ca/spend/real-estate/what-home-buyers-should-know-about-the-canadian-mortgage-stress-test/
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Getting preapproved for a mortgage
Original Article Source Credits: Government Of Canada , https://www.canada.ca/
Article Written By: NA
Original Article Posted on:
Link to Original Article: https://www.canada.ca/en/financial-consumer-agency/services/mortgages/preapproval-qualify-mortgage.html
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Pattie Lovett-Reid: What the new rules around uninsured mortgages mean for homebuyers
Original Article Source Credits: CTV News , https://www.ctvnews.ca/
Article Written By: Patricia Lovett-Reid
Original Article Posted on: May 25, 2021
Link to Original Article: https://www.ctvnews.ca/business/pattie-lovett-reid-what-the-new-rules-around-uninsured-mortgages-mean-for-homebuyers-1.5440888
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Canadian Inflation Makes The Fastest Two-Month Acceleration In Over A Half Century
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: Daniel Wong
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/canadian-inflation-makes-the-fastest-two-month-acceleration-in-over-a-half-century/
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Canadian Uninsured Mortgage Debt Is Growing 4x Faster Than Insured Debt
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: Daniel Wong
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/canadian-inflation-makes-the-fastest-two-month-acceleration-in-over-a-half-century/
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3, 5 or 10 years? How to decide which mortgage term is right for you
Original Article Source Credits: Financial Post , https://financialpost.com/
Article Written By: Clayton Jarvis
Original Article Posted on: April 6, 2021
Link to Original Article: https://financialpost.com/moneywise/3-5-or-10-years-how-to-decide-which-mortgage-term-is-right-for-you
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Canadian Mortgage Approvals For “Over-Leveraged” Borrowers Soars To A Record High
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: Daniel Wong
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/canadian-mortgage-approvals-for-over-leveraged-borrowers-soars-to-a-record-high/
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Pattie Lovett-Reid: From first time buyers to luxury homes, Canada's real estate market is on fire
Original Article Source Credits: CTV News , https://www.ctvnews.ca/
Article Written By: Patricia Lovett-Reid
Original Article Posted on: March 30, 2021
Link to Original Article: https://www.ctvnews.ca/business/pattie-lovett-reid-from-first-time-buyers-to-luxury-homes-canada-s-real-estate-market-is-on-fire-1.5366979
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How quickly will fixed rates rise in Canada?
Original Article Source Credits: MortgageBrokerNews.ca , https://www.mortgagebrokernews.ca/
Article Written By: Fergal McAlinden
Original Article Posted on: 08 Apr 2021
Link to Original Article: https://www.mortgagebrokernews.ca/news/broker-networks/how-quickly-will-fixed-rates-rise-in-canada-354763.aspx
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Mortgages Lead Credit Growth as Delinquency Rates Decline
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: March 9, 2021
Link to Original Article: https://www.canadianmortgagetrends.com/2021/03/mortgages-lead-credit-growth-as-delinquency-rates-decline/
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