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
Tag: cash back
The Best Mortgage Rate is Not Always the Best Option
In the mortgage world, there’s always a lot of talk about rate. What’s the current best 5-year rate? What’s the best rate I can get? What’s the best rate you offer? While rate is definitely an important part of the mortgage equasion (and we discussed a while back why term is also important), sometimes the… Continue reading The Best Mortgage Rate is Not Always the Best Option
Mortgage Monday Myths: You Need a Down Payment
If you know me well, you know that I get a kick out of alliterations (especially when it comes to titles and categories like “Mortgage Monday“) – how could I resist a triple-alliteration with “Mortgage Monday Myths” right? The world of mortgage is filled with mis-information, mis-conceptions and myths (more alliteration – woohoo! ;)),… Continue reading Mortgage Monday Myths: You Need a Down Payment