mortgage Tag

Is It All About Rate? Most believe that it is. Many think that obtaining the lowest rate is essential to your real estate investment success. But keep in mind, rate is but one of the four main parts of any residential mortgage offer. Amount, term and amortization period are also critical factors. Each component is related to your...

January 1, 2017: OSFI imposed onerous capital requirements on default insurers, thus disadvantaging many bank competitors (and consumers) by jacking up rates substantially on low-ratio insured mortgages. November 30, 2016: New stress test regulations were extended to include insured mortgages with 20% equity or more. It...

Banks and Lenders growing concern about fraud has caused lending institutions to make their regulations on documentation for mortgage approval much more strict. At the beginning of the mortgage approval process, your mortgage broker will request documents from you, which show proof of your income, down payment and...

The first step to many when looking for a property is to go to their Bank or BROKER, and ask for a pre-approval. A pre-approval lets the buyer know how much he or she would be approved for by a Bank or lender based on their...

It's funny anytime you bring up real estate prices with your parents, and they tell you they bought their first home for $150,000 20 years ago. And look at them now.  Yes, it's true, homes are expensive, but the silver lining is that mortgage rates are at...

As of February 22nd, 2017 the land transfers tax exception increased its limit from $475,000 to $500,000 for First Time Home Buyers. I'm going to be honest, as much as this makes a great head headline on the front page of The Province, I question it's effectiveness....

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