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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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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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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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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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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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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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Canadian Real Estate Association forecasts average price rising 16.5 percent in 2021 amid lack of homes for sale
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
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What’s the Difference Between Being Pre-Approved and Pre-Qualified for a Mortgage?
Original Article Source Credits: Storeys , https://storeys.com/
Article Written By: Jerome Trail
Original Article Posted on: FEB 9, 2021
Link to Original Article: https://storeys.com/mortgage-pre-qualified-pre-approved-difference/
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Could Mortgage Rates Start to Rise Sooner than Expected?
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: February 2, 2021
Link to Original Article: https://www.canadianmortgagetrends.com/2021/02/could-mortgage-rates-start-to-rise-sooner-than-expected/
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Canada 2021 Housing Forecasts Call For A Boom ... Or The Worst Crash in 40 Years
Original Article Source Credits: HuffingtonPost , https://www.huffingtonpost.ca/
Article Written By: Daniel Tencer
Original Article Posted on: 01/02/2021
Link to Original Article: https://www.huffingtonpost.ca/entry/housing-forecast-canada-2021_ca_5fec942cc5b64e4421082979
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Canadian Mortgages Over 120 Days Past Due Rises At The Fastest Pace In Years
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: NA
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/canadian-mortgages-over-120-days-past-due-rises-at-the-fastest-pace-in-years/
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What will happen to Bank of Canada rates in 2021?
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
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