How to Compare Mortgage Rates

familylendingMortgage Talk Canada

Find the best mortgage rate today! Did you know, homebuyers who hunt for a mortgage rate are most likely to secure a competitive financing option than those who don’t? Studies have shown that consumers who compare mortgage rates and ask questions during the pre-approval process are most likely to save more money. How Can I Find a Great Mortgage Rate? … Read More

A Closer Look At Your Neighbourhood’s Housing Market

EditorFamilyLending.ca, Financial Tips, General Interest, Mortgage News, Mortgage Talk Canada, Mortgage Term, Real Estate Advice, Residential Mortgages

The elusive soft landing has finally hit ground in Canada, as the latest reports from the Real Estate Association show a decrease in year-over-year sales. The real estate group found that sales were down 0.1% in October from September. Actual sales for October (without the seasonal adjustment) were down 0.8% from a year ago. While not unexpected (a housing slowdown … Read More

Carney and the Rate Game

EditorFamilyLending.ca, Financial Tips, General Interest, Mortgage News, Mortgage Talk Canada

Higher rates have been on Bank of Canada Governor Mark Carney’s mind this week. Carey signalled the chance of tighter policy on three separate occasions this week, even after keeping the key lending rate at 1.0 percent. however, Carney’s insistance that rates are on their way up sets Canada apart from other central banks that continue to look for ways … Read More

Mortgage Rule Changes Not So Severe

EditorFinancial Tips, General Interest, Mortgage News, Mortgage Talk Canada, Mortgage Term, Mortgage Types, Real Estate Advice, Refinancing my Property, Residential Mortgages

The first round of changes to Canada’s mortgage rules were more bark than bite, according to a letter sent to the nation’s banks on Wednesday from the Office of the Superintendent of Financial Institutions. Earlier this year, mortgage experts speculated that new mortgage rules could have a dampening effect on hot real estate markets, as more and more mortgage applications … Read More

Subprime Problems on the Horizon?

EditorCredit Rating, FamilyLending.ca, Financial Tips, First Time Home Owner, General Interest, Household Budget, Housing Costs, Mortgage Down Payment, Mortgage News, Mortgage Talk Canada, Mortgage Term, Mortgage Types, Real Estate Advice, Residential Mortgages

A hot housing market is pushing borrowers farther and farther away from mainstream financing and it’s causing quite the stir in the Canadian subprime mortgage industry. The source of the excitement? A growing pile of mortgage debt that’s coming from outside of Canada’s big six banks.