Tag: mortgage
The Benefits of a Cash Back Mortgage
By: Elias KellendonkOften is the case that upon move-in the homebuyer finds themselves short of the cash needed to cover instant home-related expenditures. These most often include legal closing fees, urgent renovations or repairs, and even home furnishings. The cash back mortgage is one solution a homebuyer may want to consider, especially if it means the difference …
Banks Swallowing Penalties to Keep Clients from Brokers
By: Elias KellendonkThe strategy comes as a retaliation to brokers who are able to offer better mortgage rates than the bank-posted rates.
45 per cent of Canadians Purchasing Property Solo: TD Poll
By: Elias KellendonkRising 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 …
Mortgage Rates Down Across the Board
By: Elias KellendonkCanEquity Mortgage Sees Rates Drop on all Fixed Terms Despite rumours and majority opinion forecasting rates destined to rise, CanEquity has seen significant mortgage rate drops, as recently as within the last week. While the current variable rate mortgage special is up 5 basis points (or 0.05 per cent) to 2.20 per cent as of …
Fixed or Variable? Canadians Come Out Even on Recent Poll
By: Elias KellendonkA recent poll conducted by CIBC/Harris Decima has relayed an interesting message: though the majority (61 per cent) of Canadians believe rates will be higher next year, they are roughly even on whether they would choose a variable or fixed rate mortgage. Of those surveyed, 39 per cent said they would opt for fixed while …
Who are Canada's Top Mortgage Lenders?
By: Elias KellendonkAccording 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
Display Current Mortgage Rates On Your Website
By: Elias KellendonkIf you are a Canadian mortgage broker, financial planner, real estate agent, or simply want to post today’s mortgage rates on your website, read on. Canadian Mortgage Rates can be posted to your website in as many as 200 different custom-fit mortgage boxes. These rate boxes will be up-to-date and tailored to suit your business. …
Officials warn of potentially tighter mortgage rules
By: The Super BrokerOfficials in Ottawa are warning that they could further restrict mortgage availability in an effort to cut down on rising debt levels across the country.
The Unusual Mortgage Market of the United States
By: Elias KellendonkThe U.S. has an atypically high proponent of mortgagors opting for longer term fixed rate mortgages,
Fixed-Rate Mortgage Predicted to offer the Best Mortgage Rates over the Next Five Years
By: Elias Kellendonkselecting a fixed-rate five year mortgage term over a variable rate mortgage could grant Canadian mortgagors the best mortgage rates over the next five years
