When to Consider a Private Mortgage?
Ever since the federal government introduced the mortgage stress test, more and more Canadians have been turning to private lenders in order to secure a mortgage. While private mortgages...
Continue ReadingEver since the federal government introduced the mortgage stress test, more and more Canadians have been turning to private lenders in order to secure a mortgage. While private mortgages...
Continue ReadingHome equity lines of credit (HELOCs) are a way that homeowners in Canada can use the equity in their home to borrow the cash they need. HELOCs are a...
Continue ReadingPut simply, mortgage refinancing is replacing your current mortgage with a new one. It means breaking you current mortgage and starting a new mortgage. Oftentimes, when homeowners refinance they...
Continue ReadingOne you make up your mind to buy your first home, it can be a really exciting time. You might want to run out right away and start house...
Continue ReadingIf you need a large sum of cash, there are a number of financial products that you can use to get it. If you have poor credit however, your...
Continue ReadingMost mortgages in Canada have terms of five years. But what happens when that five years is over? Usually, the homeowner will receive a notice from the lender which...
Continue ReadingIf you’ve been looking around for a mortgage, and haven’t been approved at traditional banks perhaps the term private mortgage has been thrown around a little bit. This might...
Continue ReadingWhether you’re just buying your first home or you’ve been a home owner for 20 years, everyone wants to make sure they’re getting the absolute best interest rate on...
Continue ReadingNew data released today from the Canadian Housing Statistics Program provide information on ownership of residential properties by non-individuals in Nova Scotia, Ontario and British Columbia. The Canada Mortgage...
Continue ReadingThe Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate...
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