Fixed-Rate Increases Costing Today’s Homebuyers Over $10,000 More in Interest + MORE Nov 13th

Interested in learning more about property mortgages in Canada? Look no further!

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Making sense of the markets this week: March 24, 2024 + MORE Mar 25th

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. Lower inflation clears runway for rate cuts Canadians dreading their spring and summer mortgage renewals got some good n.... More »

Latest in Mortgage News: Are fixed mortgage rates about to take another leg higher? Aug 6th

There's speculation that fixed mortgage rates, which have continued to trend higher over the past several weeks, are set to rise even further..... More »

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 »

Mortgage payment calculator Oct 11th

For the majority of Canadians, buying a home will be the single biggest purchase they ever make, and getting a mortgage is an essential part of this process. According to a National Bank of Canada report, the majority of variable-rate-fixed-payment mortgage borrowers who signed onto between 2020.... More »

Equitable Bank’s mortgage arrears rate triples amid surge in renewals + MORE Mar 13th

Equitable Bank saw its mortgage arrears rate triple over the past 12 months now that a majority of its clients have renewed at higher interest rates..... More »

What is a mortgage?

– moneysense.ca

Mortgage negotiations can be overwhelming, especially for first-timers. If you’re wondering about mortgages—how they work, what types of mortgages exist, who can apply and how to get approved—you’ve come to the right place.

Mortgage: the simple definition

In its simplest form, a mortgage is a loan used to buy a home or property. Like other loans, each comes with its own interest rate, amortization (repayment) schedule and other terms. With a mortgage, the home itself is used to secure the loan. This means if the mortgage holder fails to make payments, the home could be repossessed by the lender.

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.

Not all mortgages are built the same, so it’s important to find a mortgage that works for you and your situation. At the beginning of the application process, you should educate yourself about the following variables:

Repayment term: The amount of time you have to repay your mortgage…

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Housing Affordability Worsens, Time Needed to Save for a Down Payment Increases

– canadianmortgagetrends.com

Even before fixed mortgage rates started rising last month, housing affordability continued to deteriorate in the third quarter.

Continue Reading On canadianmortgagetrends.com »

Fixed-Rate Increases Costing Today’s Homebuyers Over $10,000 More in Interest

– canadianmortgagetrends.com

Fixed mortgage rates have been climbing steadily since September. But by how much at what cost for new homebuyers?

Continue Reading On canadianmortgagetrends.com »

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