What if the Government Didn’t Back Mortgages?

EditorFamilyLending.ca, First Time Home Owner, Home Insurance, Housing Costs, Investment Property, Mortgage Down Payment, Mortgage Insurance, Mortgage News, Real Estate Advice, Residential Mortgages

Saving for a down payment on a home takes dedication,┬áperseverance, and sacrifice. For many, it also takes a long, long time. According to a recent report from Rate Supermarket, come 2020 the average cost of a home in Canada will be $553,000. To accumulate a measly 5 percent down payment for such a home, recent graduates should expect to spend … Read More

How to Avoid Mortgage Fraud

EditorAgricultural Mortgages, Commercial Mortgages, FamilyLending.ca, General Interest, Mortgage News, Mortgage Term, Mortgage Types, Real Estate Advice, Residential Mortgages

Real estate fraud is happening at an alarming rate in Canada, according to a recent report published in the Vancouver Sun. The report from consumer credit company Equifax uncovered roughly $400 million worth of mortgage fraud in Canada last year. And many experts believe that’s just the tip of the iceberg. These figures represent only frauds that Equifax was able … Read More

CAAMP Releases Highlights From Fall 2011 Consumer and Industry Surveys

EditorAbout Mortgage Brokers, Agricultural Mortgages, Commercial Mortgages, Financial Tips, First Time Home Owner, General Interest, Housing Costs, Investment Property, Mortgage Down Payment, Mortgage Insurance, Mortgage News, Mortgage Term, Mortgage Types, Real Estate Advice, Refinancing my Property, Residential Mortgages

The focus of these surveys was to gather Canadians’ opinions of the mortgage industry. The report includes specific questions on experiences with their mortgage professional as well as information and feedback from industry members. The survey results were presented by Maritz Research at Mortgage Forum 2011 in Toronto. Click here to review the entire report.

Agricultural Mortgage Rates and Information

familylendingAgricultural Mortgages, FamilyLending.ca, Financial Tips

Although agricultural mortgage rates are similar to consumer’s home mortgages, they can be a lot more flexible when it comes to payment options, tenure period, and also the transferability of financial debt. If you happen to have acquired a farm, or maybe are currently contemplating getting yourself into the farm industry, now is a good time to make contact with … Read More