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.

How to Break Your Mortgage Without Breaking the Bank

EditorAbout Mortgage Brokers, Agricultural Mortgages, Commercial Mortgages, General Interest, Housing Costs, Mortgage Talk Canada, Mortgage Term, Mortgage Types, Refinancing my Property, Residential Mortgages

Interest rates are low, and from the looks of things, should remain stable well into 2012. If you’re currently paying out the nose because you’re locked into a fixed-rate mortgage, now could be a good time to break your mortgage and refinance your rate. Unfortunately, trying to break a mortgage before your term is up can be a nightmare experience. … Read More

How to Avoid Major Home Buying Errors

EditorAbout Mortgage Brokers, Agricultural Mortgages, Commercial Mortgages, Credit Rating, FamilyLending.ca, Financial Tips, First Time Home Owner, General Interest, Household Budget, Housing Costs, Investment Property, Mortgage Down Payment, Mortgage Talk Canada, Real Estate Advice, Residential Mortgages

Housing affordability continues to remain stable across Canada, creating the perfect environment for savvy home hunters. With more houses available on the market, buyers are becoming much more competitive, rushing to complete their purchase agreements. Situations like this often lead to costly buyer errors, as anxious home hunters make hasty, uninformed choices. These mistakes are sometimes impossible to reverse, so … Read More