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: refinance
What is an IRD (Interest Rate Differential)?
The world of mortgages and real estate is filled with an excessive amount of acronyms. If you were to overhear some of our conversations, you would swear we were speaking a different language – LTV and PMI this, and IRD and ARM that, API, BPS, and it goes on and on. While most people don’t… Continue reading What is an IRD (Interest Rate Differential)?