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Tag Archives: mortgage broker
The fine folk at Canadian Mortgage Trends explore The Intricacies of Mortgage Pre-Approvals.
The 5 year bond yields are up over 30 basis points in May. Should they stay this high, one should expect fixed interest rates to rise as well. It may be prudent, should you be looking to make a purchase … Continue reading
Historically, Bond Rates and Fixed Mortgage Rates have fluctuated in relation to each other.Canada’s Bond Rates have climbed in the past few days. As a result, some lenders are increasing their interest rates. Interest Rates are still at a historical … Continue reading
Here’s an interesting read about Mortgage Brokers vs. Mortgage Specialists . Definitely have a read before you re-finance your mortgage.
Since 2008 the Canadian Finance Ministry has tightened up the rules for government-backed mortgages 4 times. The most recent change in July 2012 hurt Canadian first-time home buyers the most because it made it harder to qualify for financing. Use … Continue reading
“Good” credit and “excellent” credit generally get you about the same mortgage rate, until now.
Another awesome article from the folks at canadianmortgagetrends.com. Here are their 20 observations of the New Mortgage Rules.
RECA requires mandatory Errors and omissions insurance for Alberta Mortgage Brokerages beginning September 1st, 2011