Topic: Mortgages
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 …
Should Debt Halt your Plans for Wedded Bliss?
By: Elias KellendonkMoney can’t buy you love, but a large shortfall of it sure seems to have an effect in destroying it. Money troubles are consistently one of the chief factors associated with divorce and the number one reason couples state they bicker. That said, is it a good idea to openly enter into a marriage contract …
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 …
How does Canada’s Prime Rate Compare Globally?
By: Elias KellendonkThis recession affected countries worldwide; how did their economies adjust prime rate to compensate?
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
Is a Holiday Cottage Within Your Budget?
By: Elias KellendonkWhat you Need to Consider Before Purchasing your Vacation Home There is little more appealing than a second property that provides a getaway from your hectic city life; a place to host family and build memories; and an investment from which rental revenue can be generated during the weeks or months you won’t be using …
The Canadian Pre-Election Rundown
By: Elias KellendonkWhat are the Top Five Parties Saying about Housing? Today is the day Canadians will vote in one of the most exciting elections to hit the polls over the last several decades. Looking over the top five party’s platforms, here is a brief summary of what they are saying about protecting Canadian communities and the …
