Article courtesy of MCAP. As housing market data begins to show that prices may be trending a little lower – or at least flat – in some areas in Canada, the debate about the relative benefits or detriments of this new reality has begun in earnest. With new mortgage rules also in place for almost… Continue reading Softening House Prices: Silver Linings or Dark Clouds
Category: Mortgage Monday
A weekly column written by mortgage agent Tim L. Walker that discusses a wide variety of topics in the mortgage industry.
Mortgage Monday Rate Update – July 2012
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 what’s going on in the world of mortgage… Continue reading Mortgage Monday Rate Update – July 2012
Cash Back Refinances
With the recent changes to mortgage regulations in Canada, it’s become a little harder to refinance your home to pay off higher-interest debt or do some renovations around the house. There is an option for those that need to go beyond the revised limit of 80% LTV (Loan to Value – home much you owe versus… Continue reading Cash Back Refinances
Retiring With Debt: The New Reality?
Article courtesy of MCAP. Summer holidays can be a reflective time – a time to look at the bigger picture and think about long term objectives and realities. We all work hard. We all deserve a comfortable and fulfilling retirement. More and more Canadians are coming to terms with the prospect of retiring with debt… Continue reading Retiring With Debt: The New Reality?
A Review of “The New Mortgage Rules”
As you’ve probably heard, there were a plethora of changes directed at the mortgage industry last week by Finance Minster Jim Flaherty along with the OSFI (Office of the Superintendent of the Financial Institutions of Canada). This is the 4th time since the credit crisis in 2007 that the Department of Finance has clamped down… Continue reading A Review of “The New Mortgage Rules”