Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
As bond yields fall, mortgage providers are cutting fixed mortgage rates + MORE Dec 1st
With bond yields nearly 60 basis points off their highs reached earlier this month, fixed mortgage rates are slowly following and trending downward..... More »
Fixed mortgage rates surge higher as bond yields break above 4% Aug 21st
Bond yields broke through a key resistance point this week, leading to a fresh round of fixed mortgage rate increases..... More »
Can you pay off your debt while saving for retirement? + MORE Sep 2nd
Ask MoneySense
We are a blended family. My husband, at 50 years old, owns a home with a $330,000 variable-rate mortgage. He rents it out for $3,400 per month, which covers the mortgage plus about $1,000. He’s also maxed out his $50,000 line of credit. He has $200,000 in an RRSP and has a company p.... More »
How to protect your investments if the inflation genie sparks interest rate hikes Jan 19th
Now is a good time to prepare your finances for rising interest rates as they affect everything from the makeup of your portfolio to your mortgage.... More »
Weekly mortgage digest: Canadians are pulling back on borrowing Sep 16th
A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases..... More »
Bond Yields Are Rising. Are Fixed Mortgage Rates Next?
– canadianmortgagetrends.com
Some of Canada’s Big 6 banks made headlines last week by lowering fixed mortgage rates, but might they soon have to pull a U-turn?
How to get a mortgage with bad credit
– moneysense.ca
Bad credit and a bad credit history happen for a number of reasons: You lost a job, you forgot (or were unable) to pay your bills, you’re new to a country. We’ve been warned about what can happen because of bad credit—you won’t qualify for the best interest rates for mortgages or other types of loans, and, as a result, end up paying more to borrow; and, in some cases, you may not qualify for a mortgage at all. Don’t be discouraged. Even if your credit history and credit score aren’t the best right now, you can still qualify for a mortgage. If you have bad credit, your mortgage contract may come with more terms and more paperwork. But know that bad credit isn’t forever. And, for that matter, neither is a mortgage.
Get the mortgage rate that works for you.Find the best rate for you in under 2 minutes at ratehub.ca. Let’s get started.I’m buying a homeI’m renewing/refinancingYou will be leaving MoneySense. Just close the tab to return.
Good vs. bad credit: What is a good credit score?
Your credit score is calculated based on the length of your credit history, your payment history and the amount of debt that you’re carrying…
