Refinancing Just Became a Whole Lot Harder

EditorAbout Mortgage Brokers, FamilyLending.ca, Financial Tips, Mortgage Term, Mortgage Types, Real Estate Advice, Refinancing my Property

Ottawa’s latest round of mortgage policies could have quite the impact on current homeowners, especially those shouldering a large amount of debt. If you have a mortgage and are planning to refinance or renew in the coming months, you could be in for a bumpy ride. The two factors that will most impact your experience? Whether or not you plan … Read More

Housing Prices Now and Then – Are Things Really That Bad?

EditorAbout Mortgage Brokers, Agricultural Mortgages, Commercial Mortgages, FamilyLending.ca, Financial Tips, General Interest, Housing Costs, Mortgage Down Payment, Mortgage Insurance, Mortgage News, Mortgage Term

If you believe the headlines, housing prices are on the rise across Canada even as consumer debt continues to pile up. The allure of low mortgage rates has thousands of home hunters bidding on what appear to be overpriced properties. But is that really the case? When it comes to understanding the true price of a home, there’s one main … Read More

Does Your Down Payment Stack Up?

EditorAgricultural Mortgages, Commercial Mortgages, FamilyLending.ca, Financial Tips, First Time Home Owner, General Interest, Household Budget, Housing Costs, Mortgage Down Payment, Mortgage News, Mortgage Term, Residential Mortgages

Think that a 5 percent down payment is enough to secure a great mortgage rate? Think again. Pulling together the minimum 5 percent down payment, while a good start, is just that – a start. If you’re a first time home buyer looking to move up the property ladder, don’t skimp on your down payment. If you’re having trouble pulling … Read More

What Will the Budget Bring?

EditorAgricultural Mortgages, Commercial Mortgages, First Time Home Owner, Mortgage Down Payment, Mortgage Insurance, Mortgage News, Mortgage Term, Mortgage Types, Residential Mortgages

According to a report in the Globe and Mail, next week’s highly anticipated federal budget should only contain “modest” spending reductions and little to no intervention in the housing market. Finance Minister Jim Flaherty delivered these and other comments outside of a volunteer firefighter station in Ottawa last Thursday. During the announcement, Mr. Flaherty stated that he would like to … Read More

Renters Could Drive Increase in Canadian Homeownership

EditorAbout Mortgage Brokers, Agricultural Mortgages, Commercial Mortgages, FamilyLending.ca, First Time Home Owner, General Interest, Housing Costs, Mortgage Down Payment, Mortgage News, Mortgage Term, Mortgage Types, Real Estate Advice, Residential Mortgages

According to a recent study conducted by TNS Canada, the nation’s housing market is expecting to see increased activity within the next two years. The online study, which was commissioned by TMG The Mortgage Group Canada, discovered that just under one third of Canadian renters are planning to buy real estate within the next two years. That amounts to a potential increase … Read More