Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
How can an extra $100 boost your mortgage? + MORE Mar 28th
When it comes to mortgages, $100 isn’t going to get you very far. But what if you paid an extra $100 a month towards your mortgage? It’s not a lot of money these days, but it can add up to some solid savings over time.
Let’s look at a $300,000 mortgage with a 2.89% rate and a 25-y.... More »
Manulife’s Natasha Duric: A 30-year mortgage career built on leadership and innovation Oct 13th
Natasha Duric describes her entry into the mortgage industry as “a fluke.”.... More »
Bank of Canada Leaves Interest Rate at 1.75%, Markets React + MORE Jan 23rd
As was widely expected, the Bank of Canada left the target overnight rate unchanged this morning at 1.75%, where it’s sat since October 2018.
The Bank noted a few positive developments, but focused more on the downside risks.
“The global economy is showing signs of stabilization, and .... More »
70% of Scotiabank’s mortgage originations in Q1 were multi-product deals + MORE Mar 1st
Scotiabank is reporting success in its efforts to grow its deposits and increase profitability by doing more cross-selling to new mortgage clients..... More »
Why January is peak season for second mortgages in Canada Dec 18th
For many mortgage brokers, January is the busiest month of the year..... More »
How to avoid selling your house at a loss
– moneysense.ca
Q: I have been posted to a new location where housing is expensive. I still have a $50,000 mortgage on my home in the old location as well as some smaller payments to other creditors. Here’s the problem. In my new location, either renting a place or buying a property are both very expensive and I don’t have the cash to make a down payment. And I’m still making my mortgage and other payments for my house in the old location. Problem is, my salary is not enough to cover both (mortgage/renting a new property + mortgage on the old).
As well, due to the bad housing market where the home I own is, I haven’t been able to sell it. So I can do one of two things: lower the price and sell the home I own OR reduce my mortgage payments on this house. Is it possible to reduce my mortgage payments and how would I do this? Also, do you think this would be the best option, as I’d like to eventually have my family here in the new location with me. Any advice?
– Brennan T.
A: Hi, Brennan. Yes! I do have some advice…
As well, due to the bad housing market where the home I own is, I haven’t been able to sell it. So I can do one of two things: lower the price and sell the home I own OR reduce my mortgage payments on this house. Is it possible to reduce my mortgage payments and how would I do this? Also, do you think this would be the best option, as I’d like to eventually have my family here in the new location with me. Any advice?
– Brennan T.
A: Hi, Brennan. Yes! I do have some advice…
Refinancing your mortgage? These tips will save you big money
– theglobeandmail.com
Most people get it wrong when it comes to refinancing their mortgage. Here are some tips to get it right
