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Latest News
Royal Bank hikes mortgage rates - CBC.ca + MORE Nov 15th
CBC.caRoyal Bank hikes mortgage ratesCBC.caThe Royal Bank of Canada has raised some of its mortgage rates, and the changes are going to make paying down the mortgage even more expensive for people who choose to take 25 years or longer to do so. Royal announced the changes in a news ...RBC hikes.... More »
Consider the cost of penalties when breaking a mortgage Oct 17th
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OTTAWA – Mortgage rates are near-record lows, but brokers say those shopping around for a loan should look beyond the rates they’re being offered and pay close attention to how much.... More »
Taking on a “Fraction” of the Cost; Vancouver Start-Up Promises a Better Incentive for Home Buyers than CMHC + MORE Apr 2nd
An incentive for first-time home buyers offered through the Canadian Mortgage Housing Corporation (CMHC) was only announced a week ago, promising to provide $1.25 billion over three years to help lower mortgage costs for eligible Canadians.
However, a new company is now also promising to provide an.... More »
How To Navigate Three Common Mortgage Scenarios + MORE Aug 15th
It’s a confusing time to be a homeowner. Rates are up, and everyone has an opinion on what will happen next. It’s easy to get sucked into social media rabbit holes and make decisions motivated by fear. But at times like these, it’s crucial to block out the noise and do what’s right for you.
.... More »
My advice is simple: Over 50? Get a secured line of credit while you can qualify. + MORE Nov 15th
Contrary to media reports about our ‘record personal debt levels’, it’s extremely prudent to ensure you have access to emergency money.
The line of credit popularity that took place in the ’90s wasn’t a bad thing. It allowed us to borrow at low rates to invest or spend.... More »
New Online Mortgage Stats
– canadianmortgagetrends.com
“No one wants to get their mortgage online,” I remember a veteran agent telling me when I started brokering in 2007. “People want to look you in the eye before they trust you with the biggest debt of their life.” I wonder if that broker would say the same thing today. He definitely won’t say the same thing a decade from now. Times can change before we know it as technology enables customers to do things online that many once thought improbable. Discover Home Loans released a recent survey that hints at how the landscape is changing. It’s U.S. data READ MORE
