How to Prepare For Mortgage Rate Increases

familylendingMortgage News, Mortgage Talk Canada

Can your budget handle a rate increase? There is a bunch of talk about Canadian mortgage rate increases. The single biggest investment most Canadians make is their home; this represents almost 40 % of the average family’s total assets. The big problem at the moment is that many Canadians are living in homes they won’t be able to afford once … Read More

Why do Mortgage Rates Change?

familylendingMortgage Talk Canada

Understand why rates change and how you can adapt to increases. There are many factors that influence the health of the economy: unemployment, inflation, consumer confidence, and the housing market are just a few. Let’s take a look at the ways these factors are able to impact your mortgage rate. Factors Affecting: Fixed Mortgage Rates A fixed best mortgage rate … Read More

How to Prepare For Mortgage Rate Increases

familylendingMortgage Talk Canada

Can your budget handle a rate increase? There is a bunch of talk about Canadian mortgage rate increases. The single biggest investment most Canadians make is their home; this represents almost 40% of the average family’s total assets. The big problem at the moment is that many Canadians are living in homes they won’t be able to afford once interest … Read More

Ways to Obtain a Mortgage When You’re Self-Employed

familylendingMortgage Talk Canada

Own your own company? Find out how you could have a house too! Data shows that almost 20% of all income earners in Canada are now self-employed. Today, lenders desire evidence of a steady income. Here are a couple of ways to ease the process and raise your possibilities of obtaining a low mortgage rate. Document Every Penny You’ll be … Read More

How to Calculate How Much You Can Afford

familylendingMortgage Talk Canada

Know what you can afford – get a mortgage pre-approval. When it pertains to securing a mortgage, people would like to be aware of the amount of money they are able to borrow. The following are a few quick formulas to assist you to determine exactly what you are able to afford. Loan to Value (LTV) Lenders will only allow … Read More