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

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…

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…

  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…

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

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/

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

Original Article Source Credits:   Straight , https://www.straight.com/

Article Written By:   Carlito Pablo

Original Article Posted on:  March 15th, 2021

Link to Original Article:  https://www.straight.com/news/canadian-real-estate-association-forecasts-average-price-rising-165-percent-in-2021-amid-lack

Original Article Source Credits:   Move Smartly , https://www.movesmartly.com/

Article Written By:  David Larock

Original Article Posted on:  December 29, 2010

Link to Original Article:  https://www.movesmartly.com/articles/2010/12/13-guideposts-for-every-first-time-home-buyer

Original Article Source Credits:   MortgageBrokerNews.ca , https://www.mortgagebrokernews.ca/

Article Written By:  Clayton Jarvis 

Original Article Posted on:  05 Jan 2021

Link to Original Article:  https://www.mortgagebrokernews.ca/news/buying-or-selling--key-projections-for-canadian-real-estate-in-2021-336564.aspx

Original Article Source Credits:   MortgageBrokerNews.ca , https://www.mortgagebrokernews.ca/

Article Written By:  Ephraim Vecina

Original Article Posted on:   06 Jan 2021

Link to Original Article:  https://www.mortgagebrokernews.ca/news/what-will-happen-to-bank-of-canada-rates-in-2021-336600.aspx

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  December 17, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/12/tight-market-conditions-keep-home-sales-and-prices-at-historical-highs/

Original Article Source Credits:   Canada.ca , https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:  2019-09-09

Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/mortgages/preapproval-qualify-mortgage.html

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  November 17, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/11/record-low-supply-and-interest-rates-fuel-record-october-home-prices/

Original Article Source Credits:    CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  November 11, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/11/optimism-returns-to-the-markets-could-fixed-rates-start-to-rise/

Original Article Source Credits:   The Star , https://www.thestar.com/

Article Written By:   David Aston

Original Article Posted on:   Nov. 22, 2020

Link to Original Article:  https://www.thestar.com/business/personal_finance/opinion/2020/11/22/our-strange-times-mean-fixed-rate-mortgages-have-a-rare-edge.html

Original Article Source Credits:   Global News , https://globalnews.ca/

Article Written By:  Julie Gordon

Original Article Posted on:  October 15, 2020

Link to Original Article: https://globalnews.ca/news/7398853/september-2020-home-sales-canada/

Original Article Source Credits:   Advisor's Edge , https://www.advisor.ca/

Article Written By:  Staff

Original Article Posted on:  September 17, 2020

Link to Original Article:  https://www.advisor.ca/news/industry-news/millennials-optimistic-about-home-ownership/

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  September 10, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/09/bank-of-canada-reaffirms-its-low-rate-outlook/

Original Article Source Credits:   CBC News , https://www.cbc.ca/

Article Written By:  Pete Evans 

Original Article Posted on:   Sep 15, 2020

Link to Original Article:  https://www.cbc.ca/news/business/crea-house-price-1.5724433