The Latest in Mortgage News – New Era, New Choices + MORE Apr 3rd

Interested in learning more about property mortgages in Canada? Look no further!
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The Latest in Mortgage News – The Stats Are In Apr 30th

There have been a number of reports released over the past few weeks that have provided some interesting insight into the state of the housing and mortgage markets. New reports have touched on everything from 2018 renewal rates, foreign buyer statistics and credit quality to the latest financial cru.... More »

Lessons From the 2018 Digital Mortgage Conference – Part I + MORE Sep 21st

“If you don’t view yourself as a technology company that does mortgages, you’re missing it.”—Bill Emerson, Vice Chairman, Quicken Loans   That quote encapsulated this week’s third annual Digital Mortgage Conference in Las Vegas. To compete in the next decade, brokers and lenders wil.... More »
 home equity

Stress Test Impacts Measured + MORE Jul 26th

The government’s latest mortgage rule changes have caused an imbalance between supply and demand in almost every region of the country, and will result in an estimated 200,000 fewer jobs being created over the next three years. Those are among the findings of Mortgage Professionals Canada’s .... More »

CMHC moves to make it easier for self-employed to get a mortgage Jul 23rd

Self-employed Canadians seeking to buy a home may soon find it easier to secure a mortgage in the wake of changes announced by Canada Mortgage and Housing Corp..... More »
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Banks cutting variable mortgage rates to drum up business even as fixed rates rise + MORE May 18th

A number of Canadian lenders have slashed their variable mortgage rates in recent days, even as some of those same lenders are raising their fixed-rate mortgages..... More »
Top 5 Ways to Pay for SchoolLooking into a post-secondary education for the first time can be pretty overwhelming, and figuring out how you’ll pay for it all can add extra stress. To help, here are five options to keep in mind while going through the process.

TIP: Apply for everything you qualify for! Check scholarshipscanada.com and yconic.com.

TIP: Find out if your parents are helping you out. They may have an RESP or other savings.
Figure out how much you need to pay for school with the RBC Student Budget Calculator

TIP: Learn more at canlearn.ca.

TIP: Look for job sites catered to students and new grads such as TalentEgg and jobpostings.ca.

TIP: Check out how the RBC Student Line of Credit could help you.
For year-round student finance tips, check out the RBC Student Solutions Hub.
 
® / ™ Trademark(s) of Royal Bank of Canada.
Personal lending products are provided by Royal Bank of Canada and are subject to its standard lending criteria. Some conditions and restrictions apply.
The post Top 5 Ways to Pay for School appeared first on Macleans…

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How life insurance can protect from debt risks
Q: Our 19-year-old son has been accepted into an aviation program. The cost of the program is $100,000. Government Student Loan funding is not enough to cover the program cost, therefore we looked into a student line of credit. Unfortunately, a pilot was not listed as a profession that would get approval for a $100,000 student line of credit; the only option was to use our own personal line of credit.
In order to protect ourselves financially in case something happens to our son, I would like to purchase life insurance but I’m not sure what type of life insurance and if disability insurance is also needed. Once his debit is paid off I would like to see him continue with the life insurance policy so he has coverage if he decides to start a family. Would he be able to increase the policy coverage? Or is it in his best financial interest to incorporate future costs now?
—Diana
A: Diana, this is a great question. This is a good example of life insurance protecting a financial risk, which is one of the main purposes of life insurance…

Continue Reading On moneysense.ca »

Here’s our latest recap of Canadian mortgage and real estate news. This week we look at: The latest housing affordability report, which came out with fairly predictable results How the post-OSFI stress test bump in business for credit unions may not be materializing What HomEquity’s 2017 originations data says about the trend towards reverse mortgages […]

Continue Reading On canadianmortgagetrends.com »

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