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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A Simple Guide to Understanding Mortgage Renewals in Canada
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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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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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Home Buying 101: 13 Guideposts for Every First-time Home Buyer
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
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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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