Tag Archives: interest rates

CMHC CHANGES ITS MORTGAGE INSURANCE PRODUCT OFFERING

Source: Canada Mortgage & Housing Corporation As part of the review of its mortgage loan insurance business, CMHC is discontinuing its Second Home and Self-Employed Without 3rd Party Income Validation mortgage insurance products effective May 30, 2014. Self-employed Canadians can … Continue reading

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WHAT ARE PRE-PAYMENT PRIVILEDGES?

Source: Lindsay Blair,  Mortgage Agent, Oriana Financial Pre payment privileges allow you to pay more per month or year towards your mortgage without any penalties, and that sum goes directly towards your principal and not into interest. This is a … Continue reading

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RENTAL PROPERTIES – SOMETHING TO CONSIDER FOR ANY CLIENT

Lindsay Blair, Mortgage Specialist, Dominion Lending Centre Metro City Mortgages Securing Your Cash-flow for the Long term Owning investment properties has served to be a good investment of the last few decades. The increase in appreciation to the properties and … Continue reading

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WHAT’S HAPPENING WITH RATES?

Not to long ago around a month or so, you could find variable-rate mortgages at prime – 0.8% or better. Not only did consumers hope they would stay, many thought that they would never consider a fixed rate mortgage again. … Continue reading

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KEY INTEREST RATE HOLDS STEADY

Mortgagebrokernews.ca The Bank of Canada will keep its pivotal overnight interest rates unchanged at 1%, with governor Mark Carney once again refusing to pinpoint when exactly he’ll nudge it upward. Tuesday’s move – or rather, the absence of a move … Continue reading

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MORE CANADIAN BANKS CUT MORTGAGE RATES

Story courtesy of The Financial Post More of Canada’s biggest banks slashed their residential mortgage rates Wednesday, a day after Royal Bank of Canada started the latest round of cuts. Toronto-Dominion Bank cut its four-, five-, seven- and 10-year fixed … Continue reading

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