The Super Broker

Flag

When to Lose the Bidding War

There comes a point in time when a house price rises so high that a purchase may just not be a wise decision.

April 19 Deadline

Pre-Approved Rates Null After April 19

As of April 19, all unsigned pre-approved mortgages will be made null and void due to the new qualifying rate rules.

Score Maker

New Tool to Improve Credit Score

ScoreMaker gives advice to potential homebuyers on how to boost their credit score.

Loan to value

U.S. Market Sees Negative Equity and Mortgage Default Rise Hand in Hand

Twenty-four per cent of all U.S. mortgagors owed more than their home was worth as of the end of the last quarter.

Debt

Canadian’s Debt Loads Reach All-Time High

Historically the cost of a home has equated three times the average Canadian worker’s income after tax.

Canadian Bankers Association

Mortgage Arrears Tied to Job Market

Research illustrates that as employment possibilities decline, mortgage arrears rise.

CAAMP

Canadians Cognizant of Rising Debt Ratios

Contentions that Canadians risk their financial security and seek financing beyond their means are not true.

Mortgage Renewal

Use Renewal Time to Negotiate

Don’t be submissive when your renewal date approaches. You can use this time to negotiate a better rate.

Investing

Safe Investing Points to Large-Cap Companies

Investors should be looking for companies with a strong potential to generate cash flow and with interest-swallowing debt loads well in check.

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