Mortgages: The Digital Future Oct 7th

Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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 Canada mortgage

Is it safe to have $600,000 in savings invested in GICs? + MORE Oct 16th

Q. I live in Manitoba and have about $600,000 invested in GICs at a local credit union. I am 63 years old, retired with a pension, no debt and no mortgage. However, I still worry about this money and it has been hard for me to find an unbiased view on its safety. Can you help? —Glenda W. A. I thi.... More »
 mortgage penalties

More Canadians Living Single: Ways They Are Actually Saving Money + MORE Oct 13th

More Canadians are living the single life, recent Statistics Canada census data shows. Out of the 14.1 million households recorded in Canada in 2016, about 29 per cent declared themselves to be one-person households (the highest since Confederation in 1867). This is due in part to changes in inco.... More »
 home equity

OSFI announces strictest mortgage rules ever… what you need to know. + MORE Oct 19th

HARDER TO QUALIFY WITH 50% DOWN THAN WITH 5% DOWN.. DOES THIS MAKE SENSE? October 2016, our Federal govt announced a number of new mortgage rules including the infamous new ‘stress test’ for all insured mortgages.  Mortgage default insurance is required for all mortgages greater than 80.... More »
 mortgage buyout

OSFI’s New Mortgage Rules: Why Homebuyers Should Apply Now + MORE Oct 22nd

Effective Jan. 2018, all Canadians applying for a new mortgage will be subject to a stricter set of rules before approval, including a stress test to assess if they could still make mortgage payments in the event interest rates rise. The new guidelines are published in the Residential Mortgage Unde.... More »

Mortgages: The Digital Future

– canadianmortgagetrends.com

Most of the financial world is already heavily invested in online distribution. And then there’s the mortgage business. Our industry is scampering to catch up. But catch up it will…and soon. That was the vivid takeaway from last week’s 2nd annual Digital Mortgage Conference in San Francisco. Interest in online mortgages is getting more palpable […]

Continue Reading On canadianmortgagetrends.com »

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