Article courtesy of Genworth Canada. Owning your own home is an exciting proposition. But before you can know whether homeownership is right for you, it’s important to understand what’s involved. The worst mistake you can make as a new homeowner is to buy a house that ends up over-extending you financially. The key is to… Continue reading Learn Before You Leap
Category: Mortgage Monday
A weekly column written by mortgage agent Tim L. Walker that discusses a wide variety of topics in the mortgage industry.
The CAAMP 2012 Mortgage Forum
Right now in Vancouver, BC, the annual CAAMP (Canadian Association of Accredited Mortgage Professionals) mortgage forum is taking place. It’s the annual “big event” in the Canadian mortgage industry where mortgage brokers, lenders and everyone involved in the Canadian mortgage industry get together to connect with each other and “talk shop.” If you’re so inclined,… Continue reading The CAAMP 2012 Mortgage Forum
CAAMP Releases Annual Consumer Survey Report
Today, CAAMP released its fall consumer report, Annual State of the Residential Mortgage Market in Canada. The report indicates that the majority of Canadian homeowners are still comfortable with their mortgage debt levels; however, it also identifies weaknesses in the mortgage market that could affect Canada’s economic recovery. Here are some of the significant/interesting stats… Continue reading CAAMP Releases Annual Consumer Survey Report
Mortgage Monday Rate Update
Yup, it’s time for another monthly rate update. Whether you like it or not, stats and numbers are a part of the world of mortgages. When rates change even the slightest of percentage points, it could cost or save you thousands of dollars. Every once in a while, here on the Mortgage Monday posts, I’ll update you on… Continue reading Mortgage Monday Rate Update
Understanding Your Credit Report
Article courtesy of Genworth Canada. A credit report is a history of how consistently you pay your financial obligations. It is created when you first borrow money or apply for credit and is built over time. The companies that lend or collect money or issue credit cards (banks, finance companies, credit unions, retailers, etc.) send… Continue reading Understanding Your Credit Report