Tag: mortgage
Majority of First-Time Homebuyers Shop Online
By: The Super BrokerA CMHC study finds that First-time homebuyers conduct virtually all of their mortgage inquiries online.
Higher Qualification Rates Posted by Banks
By: The Super BrokerOn April 19th, all banks will be using what is referred to as a ‘benchmark rate’ to see who qualifies for a mortgage.
When to Lose the Bidding War
By: The Super BrokerThere comes a point in time when a house price rises so high that a purchase may just not be a wise decision.
Pre-Approved Rates Null After April 19
By: The Super BrokerAs of April 19, all unsigned pre-approved mortgages will be made null and void due to the new qualifying rate rules.
New Tool to Improve Credit Score
By: The Super BrokerScoreMaker gives advice to potential homebuyers on how to boost their credit score.
U.S. Market Sees Negative Equity and Mortgage Default Rise Hand in Hand
By: The Super BrokerTwenty-four per cent of all U.S. mortgagors owed more than their home was worth as of the end of the last quarter.
Is Home Ownership Actually a Hindrance in Retirement?
By: The Super BrokerAfter retirement, is it in your best interests to own your own home?
Canadian’s Debt Loads Reach All-Time High
By: The Super BrokerHistorically the cost of a home has equated three times the average Canadian worker’s income after tax.
Mortgage Arrears Tied to Job Market
By: The Super BrokerResearch illustrates that as employment possibilities decline, mortgage arrears rise.
Canadians Cognizant of Rising Debt Ratios
By: The Super BrokerContentions that Canadians risk their financial security and seek financing beyond their means are not true.