Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
U.S. mortgage rates dip slightly, sending 30-year loans to 6.23% + MORE Nov 30th
Mortgage rates fell after three weeks of increases, giving prospective buyers some relief from price pressures. .... 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 »
House rich, cash poor: When a reverse mortgage might make sense Jul 14th
Reverse mortgages were at one time considered the Wild West of financial products, associated with aggressive and even predatory sales tactics targeting seniors in the United States. .... More »
For many homeowners 55+, the goal is no longer downsizing, but aging in place + MORE Jul 23rd
Here’s how mortgage brokers can support their needs..... More »
Sub-6% U.S. mortgage rates vanish as Iran war sparks inflation fears Mar 7th
U.S. homebuyers had to act fast last week to nab the first sub-6% mortgage rates in more than three years. Now they’re up, and the new conflict in the Middle East threatens to nudge them higher..... More »
Lowest Winnipeg mortgage rates: Save with Cambrian Credit Union
– moneysense.ca
When Canadians need a mortgage, they often default to the big banks—but there’s a whole other world of financing options to explore. Credit unions have competitive interest rates in Canada, including Manitoba, plus innovative mortgage options you may not be able to find elsewhere. Shopping around can save you thousands of dollars over the life of your mortgage term, enabling you to put those funds to good use in other parts of your budget.
Cambrian Credit Union has several branches in Winnipeg and Selkirk that serve Manitobans across the province. Here’s what you should know about getting a mortgage with a credit union, including how credit unions work, the key benefits of becoming a member, and how you could save money by making the switch.
Get the Best of Both Worlds
Whether you’re buying your first home, renewing your mortgage or refinancing a property, you’ll want to find the lowest interest rate available along with repayment terms that meet your needs. This might mean getting a fixed-rate mortgage or a variable-rate mortgage—it all depends on what you can afford, how long you plan on keeping your house, and how much wiggle room you have in your budget…
