Tag: mortgage application

Any down payment that totals less than 20 per cent of the property value will require mortgage default insurance, and be considered a high ratio loan.

Lenders basically use two rules to determine the mortgage you are eligible to be funded to receive.

Finding the right home for you comes down to three chief factors: affordability, lifestyle, and your future needs.

Taking a Look at the No Frills Mortgage If you knew there was virtually no chance of your amassing a pre-payment, moving, or needing to refinance for the next five years, would you give up all of your mortgage options for the lowest rate possible? That is what the No Frills Mortgage offers to home …

Rising Trend – First-Time Homebuyers Purchasing Based on Price over Amenities and shirking the Fundamentals Results of the 2011 TD Canada Trust First Time Homebuyers Report showed that nearly half of first-time homebuyers will purchase their property alone. These figures, issued Wednesday, indicated that 57 per cent of men and 33 per cent of women …

According to recent CAAMP reports, though 55 per cent of mortgage shoppers will start with mortgage brokers, only 27 per cent will also close with them

TD Canada Trust and RBC have decided to increase mortgage rates on their five-year fixed rates by as much as 25 basis points

In the last three months, more than 14,000 different mortgage brokers and 77 lenders used Filogix Expert to submit their mortgage applications in Canada.

A growing number of Canadians are negotiating lower than advertised rates.

Imagine a mortgage calculator so comprehensive that the least expensive route to home ownership becomes tangible before a commitment is made