Topic: Residential Mortgages
Falling Housing Prices Mean It's Time To Act
By: The Super BrokerWhen home values begin to decline, it ‘s best to take action before lenders and home insurers start narrowing their allowances
HSBC Closes Doors to Mortgage Brokers
By: The Super BrokerHSBC mortgage products were often attributed lengthy turnaround times, and only put forward occasional rate promotions.
Canadians Increasingly Looking to Hybrid Mortgage Products
By: The Super BrokerHybrid mortgages grant homeowners the best of both mortgage rate worlds and manage risk.
Mortgage Insurance is Not Just for High Ratio Loans
By: The Super BrokerMortgage insurance protects the lender in the event the mortgagor defaults on their mortgage payments.
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.