Make the Most of Low Mortgage Rates in 2012

EditorAbout Mortgage Brokers, FamilyLending.ca, Financial Tips, First Time Home Owner, General Interest, Household Budget, Mortgage News, Mortgage Term, Mortgage Types

Are you in the market for a mortgage renewal this year? Then pull up your socks, grab a mortgage calculator, and get ready to start saving some serious cash! If you’re one of the many Canadians who settled for a fixed-rate five-year mortgage back in 2007, chances are you’ve been kicking yourself ever since. At the time, locking in a … 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

Changes Coming for Mortgage Penalties

EditorMortgage News, Mortgage Term, Mortgage Types, MortgageCanadaCalculator, Refinancing my Property

One of the easiest ways to ensure you’re getting the best mortgage rate around is to renegotiate your financing terms when interest rates are low. Which is great… except for one small problem: penalties. Banks are notorious for slapping borrowers with hefty penalties, especially those who are looking to wiggle their way out of a long-term fixed rate deal. It … Read More

Harper Government Makes Moves to Protect Consumers

EditorAbout Mortgage Brokers, FamilyLending.ca, Financial Tips, First Time Home Owner, General Interest, Mortgage Down Payment, Mortgage News, Mortgage Term, Mortgage Types, Residential Mortgages

The Harper government announced Sunday that it would be moving forward with several measures to help Canadian consumers achieve greater control over their own finances. In a release posted to the Department of Finance Canada website, the Honourable Ted Menzies, Minster of State (Finances) and Shelly Glover, Parliamentary Secretary to the Minister of Finance, announced that measures would be taken to ban … Read More

Should You Pay Off Debt or Invest in Your RRSP?

EditorAgricultural Mortgages, Commercial Mortgages, Financial Tips, General Interest, Mortgage Down Payment, Mortgage Term, Mortgage Types, Residential Mortgages

With the RRSP deadline looming, many Canadians are trying to make sense of their investment options. Personal debt levels in Canada have hit record highs, most of us don’t have a pension to fall back on and our retirement savings are far from adequate. Which leads us to the perennial problem: Should Canadian’s focus on paying off their mortgage and … Read More